DTE Energy Co. (NYSE: DTE) on Tuesday, plunged -0.63% from the previous trading day, before settling in for the closing price of $124.67. Within the past 52 weeks, DTE’s price has moved between $90.14 and $126.76.
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Utilities Sector giant saw their annual sales surged by 0.69% over the last five years. The company achieved an average annual earnings per share of 16.81%. With a float of $206.33 million, this company’s outstanding shares have now reached $206.36 million.
The firm has a total of 9950 workers. Let’s measure their productivity. In terms of profitability, gross margin is 27.74%, operating margin of 17.11%, and the pretax margin is 12.39%.
DTE Energy Co. (DTE) Insider Activity
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of DTE Energy Co. is 0.33%, while institutional ownership is 81.01%. The most recent insider transaction that took place on Jun 05 ’24, was worth 402,738. In this transaction Vice Chairman & Group Pres. of this company sold 3,500 shares at a rate of $115.07, taking the stock ownership to the 59,475 shares. Before that another transaction happened on Jun 03 ’24, when Company’s VP, Corp Sec & Chief of Staff sold 1,198 for $116.61, making the entire transaction worth $139,701. This insider now owns 4,271 shares in total.
DTE Energy Co. (DTE) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.44 earnings per share (EPS) for the period falling under the consensus outlook (set at 1.63) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.81% 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
DTE Energy Co. (DTE) is currently performing well based on its current performance indicators. A quick ratio of 0.52 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.70, a number that is poised to hit 1.78 in the next quarter and is forecasted to reach 7.18 in one year’s time.
Technical Analysis of DTE Energy Co. (DTE)
Analysing the last 5-days average volume posted by the [DTE Energy Co., DTE], we can find that recorded value of 0.56 million was lower than the volume posted last year of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 79.95%. Additionally, its Average True Range was 1.87.
During the past 100 days, DTE Energy Co.’s (DTE) raw stochastic average was set at 87.85%, which indicates a significant increase from 78.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 7.02% in the past 14 days, which was lower than the 19.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $116.68, while its 200-day Moving Average is $110.96. Now, the first resistance to watch is $124.83. This is followed by the second major resistance level at $125.78. The third major resistance level sits at $126.55. If the price goes on to break the first support level at $123.11, it is likely to go to the next support level at $122.33. Should the price break the second support level, the third support level stands at $121.38.
DTE Energy Co. (NYSE: DTE) Key Stats
Market capitalization of the company is 25.65 billion based on 206,937K outstanding shares. Right now, sales total 12,745 M and income totals 1,397 M. The company made 2,875 M in profit during its latest quarter, and 322,000 K in sales during its previous quarter.
