DTE Energy Co.’s recently made public that its President & COO – DTE Gas Richard Robert A. unloaded Company’s shares for reported $0.51 million on Feb 27 ’24. In the deal valued at $107.25 per share,4,800 shares were sold. As a result of this transaction, Richard Robert A. now holds 26,118 shares worth roughly $2.88 million.
Then, Harris Joi M. sold 3,000 shares, generating $325,470 in total proceeds. Upon selling the shares at $108.49, the President & COO now owns 18,961 shares.
Before that, Myrick Tracy J sold 600 shares. DTE Energy Co. shares valued at $64,224 were divested by the Chief Accounting Officer at a price of $107.04 per share. As a result of the transaction, Myrick Tracy J now holds 3,462 shares, worth roughly $0.38 million.
Guggenheim downgraded its DTE Energy Co. [DTE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Peer perform”. Seaport Research Partners also remained covering DTE and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on October 05, 2023. It rated DTE as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of DTE
On Monday, DTE Energy Co. [NYSE:DTE] saw its stock jump 1.43% to $110.12. Over the last five days, the stock has gained 4.36%. DTE Energy Co. shares have fallen nearly -0.13% since the year began. Nevertheless, the stocks have fallen -2.87% over the past one year. While a 52-week high of $116.73 was reached on 03/11/24, a 52-week low of $90.14 was recorded on 01/24/24. SMA at 50 days reached $108.63, while 200 days put it at $106.04. A total of 1.12 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For DTE Stock
The 24-hour chart illustrates a support level at 108.47, which if violated will result in even more drops to 106.82. On the upside, there is a resistance level at 111.18. A further resistance level may holdings at 112.25. The Relative Strength Index (RSI) on the 14-day chart is 56.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.45%. Stochastics %K at 59.71% indicates the stock is a holding.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $117 price target.
