At the time of writing, DTE Energy Co. [DTE] stock is trading at $124.49, up 0.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DTE shares have gain 0.67% over the last week, with a monthly amount glided 2.63%, and 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 August 14, 2024, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $131. Previously, Guggenheim downgraded its rating to Neutral on January 22, 2024, and kept the price target unchanged to $111. On January 16, 2024, downgrade downgraded it’s rating to Peer Perform. Seaport Research Partners downgraded its rating to a Neutral. KeyBanc Capital Markets upgraded its rating to a Overweight but $106 remained the price target by the analyst firm on October 05, 2023. Barclays started tracking with a Overweight rating for this stock on August 23, 2023, and assigned it a price target of $117. In a note dated June 06, 2023, UBS upgraded an Buy rating on this stock and revised its target price from $129 to $124.
For the past year, the stock price of DTE Energy Co. fluctuated between $90.14 and $127.59. Currently, Wall Street analysts expect the stock to reach $133.92 within the next 12 months. DTE Energy Co. [NYSE: DTE] shares were valued at $124.49 at the most recent close of the market. An investor can expect a potential return of 7.57% based on the average DTE price forecast.
Analyzing the DTE fundamentals
According to DTE Energy Co. [NYSE:DTE], the company’s sales were 12.14B for trailing twelve months, which represents an 6.47% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.17%, 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 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.07.
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 123.77 points at the first support level, and at 123.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 125.02, and for the 2nd resistance point, it is at 125.55.
Ratios To Look Out For
It is important to note that DTE Energy Co. [NYSE:DTE] has a current ratio of 0.69. Further, the Quick Ratio stands at 0.52, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 18.58.
Transactions by insiders
Recent insider trading involved Lauer Trevor F, Vice Chairman & Group Pres., that happened on Jun 05 ’24 when 3500.0 shares were sold. VP, Corp Sec & Chief of Staff, Muschong Lisa A. completed a deal on Jun 03 ’24 to sell 1198.0 shares. Meanwhile, Pres & COO-DTE Vantage & Trad. Stiers Mark W sold 10000.0 shares on May 15 ’24.
