DTE Energy Co’s recently made public that its Vice Chairman & Group Pres. Lauer Trevor F unloaded Company’s shares for reported $0.4 million on Jun 05 ’24. In the deal valued at $115.07 per share,3,500 shares were sold. As a result of this transaction, Lauer Trevor F now holds 59,475 shares worth roughly $7.3 million.
Then, Muschong Lisa A. sold 1,198 shares, generating $139,701 in total proceeds. Upon selling the shares at $116.61, the VP, Corp Sec & Chief of Staff now owns 4,271 shares.
Before that, Stiers Mark W sold 10,000 shares. DTE Energy Co shares valued at $1,160,000 were divested by the Pres & COO-DTE Vantage & Trad. at a price of $116.00 per share. As a result of the transaction, Stiers Mark W now holds 41,921 shares, worth roughly $5.14 million.
Guggenheim upgraded its DTE Energy Co [DTE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Sector weight”. UBS also remained covering DTE and has increased its forecast on December 03, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of DTE
On Friday, DTE Energy Co [NYSE:DTE] saw its stock jump 0.11% to $122.70. Over the last five days, the stock has gained 2.35%. DTE Energy Co shares have risen nearly 1.61% since the year began. Nevertheless, the stocks have risen 17.74% over the past one year. While a 52-week high of $131.66 was reached on 01/21/25, a 52-week low of $102.78 was recorded on 01/23/25. SMA at 50 days reached $121.24, while 200 days put it at $119.71.
Levels Of Support And Resistance For DTE Stock
The 24-hour chart illustrates a support level at 121.80, which if violated will result in even more drops to 120.91. On the upside, there is a resistance level at 123.24. A further resistance level may holdings at 123.78. The Relative Strength Index (RSI) on the 14-day chart is 56.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.20%. Stochastics %K at 68.26% indicates the stock is a holding.
How much short interest is there in DTE Energy Co?
A steep rise in short interest was recorded in DTE Energy Co stocks on 2025-01-15, growing by 0.18 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.91 million shares. There was a rise of 5.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 14, 2024 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $131 price target.
