DTE Energy Company [NYSE: DTE] stock went on an upward path that rose over 0.90% on Monday, amounting to a one-week price decrease of less than -9.70%. Over the last 12 months, DTE stock dropped by -18.16%. The one-year DTE Energy Company stock forecast points to a potential upside of 14.98. The average equity rating for DTE stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $20.41 billion, with 192.00 million shares outstanding and 191.45 million shares in the current float. Compared to the average trading volume of 1.54M shares, DTE stock reached a trading volume of 1194884 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Guru’s Opinion on DTE Energy Company [DTE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DTE shares is $124.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DTE stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA/Merrill have made an estimate for DTE Energy Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 05, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on May 20, 2020, representing the official price target for DTE Energy Company stock. Previously, the target price had yet another raise to $120, while Evercore ISI analysts kept a In-line rating on DTE stock.
The Average True Range (ATR) for DTE Energy Company is set at 3.96, with the Price to Sales ratio for DTE stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 2.87. Price to Free Cash Flow for DTE in the course of the last twelve months was 11.32 with Quick ratio for the last quarter at 0.70.
DTE Stock Performance Analysis:
DTE Energy Company [DTE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.70. With this latest performance, DTE shares gained by 8.18% in over the last four-week period, additionally sinking by -15.14% over the last 6 months – not to mention a drop of -18.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DTE stock in for the last two-week period is set at 48.51, with the RSI for the last a single of trading hit 43.97, and the three-weeks RSI is set at 49.83 for DTE Energy Company [DTE]. The present Moving Average for the last 50 days of trading for this stock 104.08, while it was recorded at 108.81 for the last single week of trading, and 118.83 for the last 200 days.
Insight into DTE Energy Company Fundamentals:
DTE Energy Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
DTE Stock EPS
With the latest financial reports released by the company, DTE Energy Company posted 0.99/share EPS, while the average EPS was predicted by analysts to be reported at 1.07/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DTE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DTE Energy Company go to 5.84%.
DTE Energy Company [DTE] Insider Position Details
There are presently around $14,756 million, or 74.80% of DTE stock, in the hands of institutional investors. The top three institutional holders of DTE stocks are: VANGUARD GROUP INC with ownership of 23,245,314, which is approximately 2.611% of the company’s market cap and around 0.30% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 20,594,523 shares of the stock with an approximate value of $2.16 billion in DTE stocks shares; and BLACKROCK INC., currently with $1.79 billion in DTE stock with ownership of nearly 2.159% of the company’s market capitalization.
292 institutional holders increased their position in DTE Energy Company [NYSE:DTE] by around 13,288,905 shares. Additionally, 366 investors decreased positions by around 13,123,589 shares, while 104 investors held positions by with 114,029,204 shares. The mentioned changes placed institutional holdings at 140,441,698 shares, according to the latest SEC report filing. DTE stock had 70 new institutional investments in for a total of 2,743,248 shares, while 125 institutional investors sold positions of 3,017,249 shares during the same period.