The price-to-earnings ratio for DTE Energy Co. (NYSE: DTE) is above average at 19.04x. The 36-month beta value for DTE is also noteworthy at 0.69. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for DTE is 206.33M, and at present, short sellers hold a 1.50% of that float. The average trading volume of DTE on October 04, 2024 was 1.01M shares.
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DTE) stock’s latest price update
The stock of DTE Energy Co. (NYSE: DTE) has decreased by -0.89 when compared to last closing price of 128.70. Despite this, the company has experienced a 1.57% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-10-02 that Utility companies—those that provide electricity, water, natural gas, and other essential services for residential and commercial customers—have had a banner year. The benchmark Utilities Select Sector SPDR Fund XLU has climbed by about 31% in the last year, with the bulk of those gains having occurred in the last six months.
DTE’s Market Performance
DTE’s stock has risen by 1.57% in the past week, with a monthly rise of 0.97% and a quarterly rise of 16.20%. The volatility ratio for the week is 1.43% while the volatility levels for the last 30 days are 1.62% for DTE Energy Co. The simple moving average for the past 20 days is 1.51% for DTE’s stock, with a 12.39% simple moving average for the past 200 days.
Analysts’ Opinion of DTE
Many brokerage firms have already submitted their reports for DTE stocks, with Ladenburg Thalmann repeating the rating for DTE by listing it as a “Buy.” The predicted price for DTE in the upcoming period, according to Ladenburg Thalmann is $131 based on the research report published on August 14, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see DTE reach a price target of $111. The rating they have provided for DTE stocks is “Neutral” according to the report published on January 22nd, 2024.
DTE Trading at 3.35% from the 50-Day Moving Average
After a stumble in the market that brought DTE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.53% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +3.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.18% upper at present.
During the last 5 trading sessions, DTE rose by +1.57%, which changed the moving average for the period of 200-days by +16.06% in comparison to the 20-day moving average, which settled at $125.84. In addition, DTE Energy Co. saw 15.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DTE starting from Lauer Trevor F, who sale 3,500 shares at the price of $115.07 back on Jun 05 ’24. After this action, Lauer Trevor F now owns 59,475 shares of DTE Energy Co., valued at $402,738 using the latest closing price.
Muschong Lisa A., the VP, Corp Sec & Chief of Staff of DTE Energy Co., sale 1,198 shares at $116.61 during a trade that took place back on Jun 03 ’24, which means that Muschong Lisa A. is holding 4,271 shares at $139,701 based on the most recent closing price.
Stock Fundamentals for DTE
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.28 for the gross margin
The net margin for DTE Energy Co. stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 12.82, with 3.05 for asset returns.
Based on DTE Energy Co. (DTE), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is 2.46.
Currently, EBITDA for the company is 3.96 billion with net debt to EBITDA at 5.96. When we switch over and look at the enterprise to sales, we see a ratio of 4.02. The receivables turnover for the company is 7.05for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In summary, DTE Energy Co. (DTE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
