A company insider recently sold 1,000 shares of DTE Energy Company [DTE]. Should You also Consider to Sale?


In a filing, DTE Energy Company revealed its Sr VP & Chief Legal Officer Chavez JoAnn unloaded Company’s shares for reported $0.14 million on Aug 22. In the deal valued at $135.62 per share,1,000 shares were sold. As a result of this transaction, Chavez JoAnn now holds 9,657 shares worth roughly $ 1.07 million.

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Then, Richard Robert A. sold 2,900 shares, generating $377,899 in total proceeds. Upon selling the shares at $130.31, the Executive Vice President now owns 18,046 shares.

Before that, Harris Joi M. sold 1,800 shares. DTE Energy Company shares valued at $234,234 were divested by the Pres. & COO – DTE Gas Company at a price of $130.13 per share. As a result of the transaction, Harris Joi M. now holds 8,011 shares, worth roughly $0.89 million.

Credit Suisse upgraded its DTE Energy Company [DTE] rating to an Outperform from a a Neutral in a research note published on Monday, May 23, 2022; the price target was decreased to $140 from $142. PT values the company’s stock at a premium of 20.95 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. UBS also remained covering DTE and has decreased its forecast on March 11, 2022 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on February 15, 2022. It rated DTE as “a Buy” which previously was an “an Underperform”.

Price Performance Review of DTE

On Monday, DTE Energy Company [NYSE:DTE] saw its stock fall -1.53% to $110.67. On the same session, the stock had its day’s lowest price of $109.275, but rose to a high of $112.74. Over the last five days, the stock has lost -1.28%. DTE Energy Company shares have fallen nearly -7.42% since the year began. Nevertheless, the stocks have fallen -3.03% over the past one year. While a 52-week high of $140.23 was reached on 04/21/22, a 52-week low of $100.64 was recorded on 10/13/22. SMA at 50 days reached $119.07, while 200 days put it at $125.51. A total of 0.94 million shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For DTE Stock

The 24-hour chart illustrates a support level at 109.05, which if violated will result in even more drops to 107.43. On the upside, there is a resistance level at 112.51. A further resistance level may holdings at 114.36. The Relative Strength Index (RSI) on the 14-day chart is 45.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.44%. Stochastics %K at 74.57% indicates the stock is a holding.

How much short interest is there in DTE Energy Company?

A steep rise in short interest was recorded in DTE Energy Company stocks on Jul 14, 2022, growing by 0.16 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.19 million shares. There was a rise of 6.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.35.

DTE Energy Company [DTE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,968,116 shares, or roughly 11.34% of the outstanding DTE shares. In other words, the investor’s shares have fallen by -300,823 from its previous 13-F filing of 22268939.0. Additionally, Capital Research & Management Co decreased -6.50% of its stake after which the total value it holdings stand at $1,917,179,624, while BlackRock Fund Advisors added 5.90% of its stake to hold $1.38 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 207,796 shares of DTE Energy Company, while Capital Research & Management Co bought 424,100 shares. At present, T. Rowe Price Associates, Inc. is holding 3,825,776 shares valued at $440.16 million. Geode Capital Management LLC owned 3,744,120 shares of the company at the time of its most recent 13F filing, worth $430.76 million.

According to FactSet, DTE Energy Company’s share price will average $124.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.0 percent from its previous closing price of $112.39. Analysts expect DTE Energy Company stock to reach the higher price of $142.00, while the lowest price estimate is $115.00. However, 19 analysts have rated DTE stock as an Overweight in their predictions for 2022.


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