DTE Energy Company [DTE] Insider Activity: An Update for Investors


DTE Energy Company’s recently made public that its Sr VP & Chief Legal Officer Chavez JoAnn unloaded Company’s shares for reported $0.28 million on Aug 02. In the deal valued at $113.53 per share,2,500 shares were sold. As a result of this transaction, Chavez JoAnn now holds 12,107 shares worth roughly $ 1.22 million.

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Then, Muschong Lisa A. sold 700 shares, generating $77,287 in total proceeds. Upon selling the shares at $110.41, the VP, Corp Sec & Chief of Staff now owns 5,455 shares.

Before that, Myrick Tracy J sold 585 shares. DTE Energy Company shares valued at $64,338 were divested by the Chief Accounting Officer at a price of $109.98 per share. As a result of the transaction, Myrick Tracy J now holds 992 shares, worth roughly $99944.0.

Barclays initiated its DTE Energy Company [DTE] rating to an Overweight in a research note published on Tuesday, August 23, 2023; the price target was $117. PT values the company’s stock at a premium of 13.89 to its Tuesday closing price.

Price Performance Review of DTE

On Tuesday, DTE Energy Company [NYSE:DTE] saw its stock fall -1.40% to $100.75. On the same session, the stock had its day’s lowest price of $100.07, but rose to a high of $102.15. Over the last five days, the stock has lost -4.02%. DTE Energy Company shares have fallen nearly -14.28% since the year began. Nevertheless, the stocks have fallen -24.10% over the past one year. While a 52-week high of $136.63 was reached on 01/11/23, a 52-week low of $100.64 was recorded on 09/05/23. SMA at 50 days reached $109.13, while 200 days put it at $111.85. A total of 1.39 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For DTE Stock

The 24-hour chart illustrates a support level at 99.83, which if violated will result in even more drops to 98.91. On the upside, there is a resistance level at 101.91. A further resistance level may holdings at 103.07. The Relative Strength Index (RSI) on the 14-day chart is 24.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.77%. Stochastics %K at 14.14% indicates the stock is a buying.

How much short interest is there in DTE Energy Company?

A steep rise in short interest was recorded in DTE Energy Company stocks on Aug 14, 2023, dropping by -0.32 million shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.27 million shares. There was a decline of -16.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.92.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,111,960 shares, or roughly 12.18% of the outstanding DTE shares. In other words, the investor’s shares have risen by 2,487,853 from its previous 13-F filing of 22624107.0. Additionally, Capital Research & Management Co increased 10.59% of its stake after which the total value it holdings stand at $1,992,841,188, while BlackRock Fund Advisors added 0.55% of its stake to hold $1.6 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 484,072 shares of DTE Energy Company, while Columbia Management Investment Ad bought 1,428,322 shares. At present, Geode Capital Management LLC is holding 4,339,573 shares valued at $496.01 million. T. Rowe Price Investment Manageme owned 4,178,841 shares of the company at the time of its most recent 13F filing, worth $477.64 million.

According to FactSet, DTE Energy Company’s share price will average $124.46 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.35 percent from its previous closing price of $102.18. Analysts expect DTE Energy Company stock to reach the higher price of $144.00, while the lowest price estimate is $115.00. However, 17 analysts have rated DTE stock as an Overweight in their predictions for 2023.


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