DTE Energy Company [DTE] stock for 377,899 USD was sold by Richard Robert A.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DTE Energy Company shares valued at $377,899 were sold by Richard Robert A. on Aug 02. At $130.31 per share, Richard Robert A. sold 2,900 shares. The insider’s holdings dropped to 18,046 shares worth approximately $2.44 million following the completion of this transaction.

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Also, Harris Joi M. sold 1,800 shares, netting a total of over 234,234 in proceeds. Following the sale of shares at $130.13 each, the insider now holds 8,011 shares.

Before that, Muschong Lisa A. had sold 600 shares from its account. In a trade valued at $80,568, the VP, Corp Sec & Chief of Staff traded DTE Energy Company shares for $134.28 each. Upon closing the transaction, the insider’s holdings decreased to 600 shares, worth approximately $0.47 million.

As published in a research note from Credit Suisse on May 23, 2022, DTE Energy Company [DTE] has been rated up from a Neutral to an Outperform and the price target has been revised to $140 from $142. This represents a 3.59% premium over Wednesday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”a Neutral”‘ outlook in a report released in late April. As of March 11, 2022, UBS has decreased its “Buy” rating to a “Neutral” for DTE. Earlier on February 15, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for DTE stock which previously was a “an Underperform”.

Analyzing DTE’s Price Performance

On Wednesday, DTE Energy Company [NYSE: DTE] plunged -0.82% to $134.97. The stock’s lowest price that day was $134.70, but it reached a high of $136.41 in the same session. During the last five days, there has been a surge of approximately 2.05%. Over the course of the year, DTE Energy Company shares have jumped approximately 12.91%. Shares of the company reached a 52-week high of $140.23 on 04/21/22 and a 52-week low of $113.82 on 01/24/22. A 50-day SMA is recorded $126.41, while a 200-day SMA reached $123.96. Nevertheless, trading volume fell to 1.17 million shares from 0.65 million shares the previous day.

Support And Resistance Levels for DTE Energy Company (DTE)

According to the 24-hour chart, there is a support level at 134.31, which, if violated, would cause prices to drop to 133.65. In the upper region, resistance lies at 136.02. The next price resistance is at 137.07. RSI (Relative Strength Index) is 67.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.63, which suggests the price will increase in the coming days. Percent R is at 18.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is DTE Energy Company subject to short interest?

Stocks of DTE Energy Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.16 million shares to 2.35 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.19 million shares. A jump of 6.81% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.35.

Which companies own the most shares of DTE Energy Company (DTE)?

According to The Vanguard Group, Inc. filings, the company currently owns 21,968,116 shares, which is about 11.34% of the total DTE shares outstanding. The investor’s shares have plunged by -300,823 from its previous 13-F filing of 22268939.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $2,322,175,849. BlackRock Fund Advisors acquire a 5.90% interest valued at $1.57 billion while SSgA Funds Management, Inc. purchased a 245,923 stake. A total of 0 shares of DTE Energy Company were bought by Capital Research & Management Co during the quarter, and 3,562,612 were bought by T. Rowe Price Associates, Inc. In its current portfolio, Geode Capital Management LLC holds 3,744,120 shares valued at $487.86 million.

In terms of DTE Energy Company share price expectations, FactSet research, analysts set an average price target of $140.22 in the next 12 months, up nearly 3.61% from the previous closing price of $136.09. Analysts anticipate DTE Energy Company stock to reach $149.00 by 2022, with the lowest price target being $130.00. In spite of this, 20 analysts ranked DTE Energy Company stock as an Overweight at the end of 2022.


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