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Wednesday, March 22, 2023

This Is Too Hot For DTE Energy Company (NYSE: DTE), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for DTE Energy Company (DTE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -0.20%, to $106.66. The DTE Energy Company has recorded 26,294 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that DTE Energy closes year with strong financial results; well-positioned for 2023.

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Stocks Info

As a NYSE listed company, DTE falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $106.87 and fluctuated between $109.10 as its day high and $104.25 as its day low. The current market capitalization of DTE Energy Company is $22.46B. A total of 1.34 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DTE has seen 18 BUY and 34 SELL insider trades, representing the acquisition of 187,126 and the disposition of 73,251 shares. Over the last 12 months, there were 18 BUYs and 42 SELLs from insiders. Insiders purchased 187,126 shares during that period but sold 83,647.

In the most recent transaction, Chavez JoAnn sold 1,000 shares of DTE for 135.62 per share on Aug 22. After the transaction, the Sr VP & Chief Legal Officer now owns 9,657 company shares. In a previous transaction on Aug 02, Richard Robert A. sold 2,900 shares at 130.31 per share. DTE shares that Executive Vice President owns now total 18,046.

Among the insiders who sold shares, Harris Joi M. disposed of 1,800 shares on Aug 02 at a per-share price of $130.13. This resulted in the Pres. & COO – DTE Gas Company holding 8,011 shares of DTE after the transaction. In another insider transaction, Muschong Lisa A. sold 600 shares at $134.28 per share on May 27. Company shares held by the VP, Corp Sec & Chief of Staff now total 3,485.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. DTE Energy Company pays an annual dividend of $3.81, resulting in a dividend yield of 3.57%, and it has a price to earnings (P/E) ratio of 19.39. DTE’s most recent ex-dividend date was 3/17/2023 when it declared a $0.9525 quarterly dividend that was paid in cash on 4/15/2023. Previously, the company paid the dividend on 1/15/2023 with an ex-dividend date of 12/16/2022. The DTE stock dividend was $0.9520 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DTE in the last 3 months, the mean price target is $129.69 with high estimates of $144.00 and low estimates of $121.00. In terms of 52-week highs and lows, DTE has a high of $140.23 and a low of $100.64.

As of this writing, DTE has an earnings estimate of $1.24 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.15. The company reported an EPS of $0.88 in the last quarter, which was -13.70% lower than expectations of $1.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DTE is Underweight with a score of 4.00. A total of 11 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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