A new trading day began on Tuesday, with DTE Energy Co. (NYSE: DTE) stock price down -2.20% from the previous day of trading, before settling in for the closing price of $105.52. DTE’s price has ranged from $90.14 to $116.73 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 0.69% over the past five years. Meanwhile, its annual earnings per share averaged 16.69%. With a float of $206.20 million, this company’s outstanding shares have now reached $206.36 million.
Let’s look at the performance matrix of the company that is accounted for 9950 employees.
DTE Energy Co. (DTE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of DTE Energy Co. is 0.35%, while institutional ownership is 76.71%. The most recent insider transaction that took place on Feb 27 ’24, was worth 514,810. In this transaction President & COO – DTE Gas of this company sold 4,800 shares at a rate of $107.25, taking the stock ownership to the 26,118 shares. Before that another transaction happened on Feb 23 ’24, when Company’s President & COO sold 3,000 for $108.49, making the entire transaction worth $325,470. This insider now owns 18,961 shares in total.
DTE Energy Co. (DTE) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.10% during the next five years compared to 1.84% growth over the previous five years of trading.
DTE Energy Co. (NYSE: DTE) Trading Performance Indicators
Here are DTE Energy Co.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.76, a number that is poised to hit 1.91 in the next quarter and is forecasted to reach 7.17 in one year’s time.
Technical Analysis of DTE Energy Co. (DTE)
DTE Energy Co. (NYSE: DTE) saw its 5-day average volume 1.32 million, a positive change from its year-to-date volume of 1.19 million. As of the previous 9 days, the stock’s Stochastic %D was 8.65%. Additionally, its Average True Range was 2.03.
During the past 100 days, DTE Energy Co.’s (DTE) raw stochastic average was set at 8.97%, which indicates a significant increase from 1.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.87% in the past 14 days, which was higher than the 19.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $108.37, while its 200-day Moving Average is $106.11. Nevertheless, the first resistance level for the watch stands at $104.63 in the near term. At $106.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $106.84. If the price goes on to break the first support level at $102.42, it is likely to go to the next support level at $101.63. The third support level lies at $100.21 if the price breaches the second support level.
DTE Energy Co. (NYSE: DTE) Key Stats
With a market capitalization of 21.36 billion, the company has a total of 206,925K Shares Outstanding. Currently, annual sales are 12,745 M while annual income is 1,397 M. The company’s previous quarter sales were 3,394 M while its latest quarter income was 419,000 K.
