On Tuesday, DTE Energy Co. (NYSE: DTE) opened lower -0.54% from the last session, before settling in for the closing price of $126.36. Price fluctuations for DTE have ranged from $90.14 to $127.59 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 0.69% over the past five years. Company’s average yearly earnings per share was noted 16.80% at the time writing. With a float of $206.33 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. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of DTE Energy Co. is 0.33%, while institutional ownership is 77.82%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.44 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.63) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.80% 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
Check out the current performance indicators for DTE Energy Co. (DTE). In the past quarter, the stock posted a quick ratio of 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.70, a number that is poised to hit 1.77 in the next quarter and is forecasted to reach 7.18 in one year’s time.
Technical Analysis of DTE Energy Co. (DTE)
DTE Energy Co. (NYSE: DTE) saw its 5-day average volume 0.95 million, a negative change from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 69.42%. Additionally, its Average True Range was 1.90.
During the past 100 days, DTE Energy Co.’s (DTE) raw stochastic average was set at 90.05%, which indicates a significant increase from 61.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.35% in the past 14 days, which was lower than the 17.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $120.76, while its 200-day Moving Average is $112.53. Nevertheless, the first resistance level for the watch stands at $126.53 in the near term. At $127.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $128.05. If the price goes on to break the first support level at $125.01, it is likely to go to the next support level at $124.34. The third support level lies at $123.49 if the price breaches the second support level.
DTE Energy Co. (NYSE: DTE) Key Stats
There are currently 206,937K shares outstanding in the company with a market cap of 26.02 billion. Presently, the company’s annual sales total 12,745 M according to its annual income of 1,397 M. Last quarter, the company’s sales amounted to 2,875 M and its income totaled 322,000 K.
