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Investing in DTE Energy Co. (DTE) Is Getting More Attractive

DTE Energy Co.’s recent filing unveils that its Sr VP & Chief Legal Officer Chavez JoAnn unloaded Company’s shares for reported $0.33 million on May 02 ’24. In the deal valued at $111.52 per share,3,000 shares were sold. As a result of this transaction, Chavez JoAnn now holds 13,667 shares worth roughly $1.58 million.

Then, Richard Robert A. sold 4,800 shares, generating $514,810 in total proceeds. Upon selling the shares at $107.25, the President & COO – DTE Gas now owns 26,118 shares.

Before that, Harris Joi M. sold 3,000 shares. DTE Energy Co. shares valued at $325,470 were divested by the President & COO at a price of $108.49 per share. As a result of the transaction, Harris Joi M. now holds 18,961 shares, worth roughly $2.19 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 fall -0.16% to $115.31. Over the last five days, the stock has gained 2.51%. DTE Energy Co. shares have risen nearly 4.58% since the year began. Nevertheless, the stocks have risen 1.99% over the past one year. While a 52-week high of $116.86 was reached on 05/10/24, a 52-week low of $90.14 was recorded on 01/24/24. SMA at 50 days reached $110.24, while 200 days put it at $106.03. A total of 0.79 million shares were traded, compared to the trading of 1.03 million shares in the previous session.

Levels Of Support And Resistance For DTE Stock

The 24-hour chart illustrates a support level at 114.80, which if violated will result in even more drops to 114.28. On the upside, there is a resistance level at 116.12. A further resistance level may holdings at 116.92. The Relative Strength Index (RSI) on the 14-day chart is 65.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.81%. Stochastics %K at 87.53% indicates the stock is a selling.

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.

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