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Saturday, June 3, 2023

Is DTE Energy Company (NYSE: DTE) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for DTE Energy Company (DTE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.23, or 0.20%, to $113.68. The DTE Energy Company has recorded 9,295 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that DTE Energy Board of Directors declares quarterly dividend.

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Stocks Info

DTE belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $113.45 and fluctuated between $114.32 as its day high and $112.70 as its day low. The current market capitalization of DTE Energy Company is $23.30B. A total of 0.73 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DTE has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 316 shares. Over the last 12 months, there were 18 BUYs and 44 SELLs from insiders. Insiders purchased 187,126 shares during that period but sold 83,963.

In the most recent transaction, Chavez JoAnn sold 4,000 shares of DTE for 113.09 per share on May 05. After the transaction, the Sr VP & Chief Legal Officer now owns 14,607 company shares. In a previous transaction on Aug 22, Chavez JoAnn sold 1,000 shares at 135.62 per share. DTE shares that Sr VP & Chief Legal Officer owns now total 9,657.

Among the insiders who sold shares, Richard Robert A. disposed of 2,900 shares on Aug 02 at a per-share price of $130.31. This resulted in the Executive Vice President holding 18,046 shares of DTE after the transaction. In another insider transaction, Harris Joi M. sold 1,800 shares at $130.13 per share on Aug 02. Company shares held by the Pres. & COO – DTE Gas Company now total 8,011.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. DTE Energy Company pays an annual dividend of $3.81, resulting in a dividend yield of 3.36%, and it has a price to earnings (P/E) ratio of 20.10. DTE’s most recent ex-dividend date was 6/15/2023 when it declared a $0.9525 quarterly dividend that was paid in cash on 7/15/2023. Previously, the company paid the dividend on 4/15/2023 with an ex-dividend date of 3/17/2023. The DTE stock dividend was $0.9525 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DTE in the last 3 months, the mean price target is $129.85 with high estimates of $144.00 and low estimates of $120.00. In terms of 52-week highs and lows, DTE has a high of $136.77 and a low of $100.64.

As of this writing, DTE has an earnings estimate of $1.05 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.5 per share and a lower estimate of $0.25. The company reported an EPS of $1.31 in the last quarter, which was 5.60% higher than expectations of $1.24.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DTE’s latest balance sheet shows that the firm has $28.00M in Cash & Short Term Investments as of fiscal 2021. There were $18.25B in debt and $6.35B in liabilities at the time. Its Book Value Per Share was $51.66, while its Total Shareholder’s Equity was $8.71B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.25.

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