DTE Energy Co. [DTE] stock prices are up 1.96% to $108.57 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DTE shares have gain 2.18% over the last week, with a monthly amount drifted -1.34%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DTE Energy Co. [NYSE: DTE] stock has seen the most recent analyst activity on January 22, 2024, when Guggenheim downgraded its rating to a Neutral but kept the price target unchanged to $111 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on January 16, 2024. On January 08, 2024, downgrade downgraded it’s rating to Neutral. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $106 on October 05, 2023. Barclays initiated its recommendation with a Overweight and recommended $117 as its price target on August 23, 2023. UBS upgraded its rating to Buy for this stock on June 06, 2023, and downed its price target to $124. In a note dated December 08, 2022, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $125.
The stock price of DTE Energy Co. [DTE] has been fluctuating between $90.14 and $116.73 over the past year. Currently, Wall Street analysts expect the stock to reach $133.58 within the next 12 months. DTE Energy Co. [NYSE: DTE] shares were valued at $108.57 at the most recent close of the market. An investor can expect a potential return of 23.04% based on the average DTE price forecast.
Analyzing the DTE fundamentals
The DTE Energy Co. [NYSE:DTE] reported sales of 12.48B for trailing twelve months, representing a drop of -25.39%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.13 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 107.33 points at the first support level, and at 106.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.28, and for the 2nd resistance point, it is at 109.99.
Ratios To Look Out For
It’s worth pointing out that DTE Energy Co. [NYSE:DTE]’s Current Ratio is 0.60. On the other hand, the Quick Ratio is 0.42, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 2.03 and price to earnings (TTM) ratio is 16.05.
Transactions by insiders
Recent insider trading involved Richard Robert A., President & COO – DTE Gas, that happened on Feb 27 ’24 when 4800.0 shares were sold. President & COO, Harris Joi M. completed a deal on Feb 23 ’24 to sell 3000.0 shares. Meanwhile, Chief Accounting Officer Myrick Tracy J sold 600.0 shares on Feb 22 ’24.
