A look into DTE Energy Company (DTE)’s deeper side

DTE Energy Company (NYSE: DTE) stock fell -0.01% on Friday to $126.58 against a previous-day closing price of $126.59. With 1.28 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. During the session, the Utilities – Regulated Electric company that operates in wider Utilities sector, reached to the highest price of $127.55 whereas the lowest price it dropped to was $125.88. The 52-week range on DTE shows that it touched its highest point at $140.23 and its lowest point at $108.22 during that stretch. It currently has a 1-year price target of $140.25. With its current market cap of 24.66 billion, DTE has annualized dividend of $3.54 while the current yield stands at 2.80%. Beta for the stock currently stands at 0.61.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DTE was down-trending over the past week, with a drop of -3.08%, but this was down by -5.45% over a month. Three-month performance surged to 5.16% while six-month performance fell -0.30%. The stock gained 11.08% in the past year, while it has gained 5.89% so far this year. A look at the trailing 12-month EPS for DTE yields 4.06 with Next year EPS estimates of 6.28. For the next quarter, that number is 1.75. This implies an EPS growth rate of -24.90% for this year and 4.25% for next year. EPS is expected to grow by 3.96% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.30%.

Float and Shares Shorts:

At present, 193.00 million DTE shares are outstanding with a float of 192.23 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.35 million, which was 1.21% higher than short shares on Jun 14, 2022. In addition to Mr. Gerardo Norcia as the firm’s Pres, CEO & Chairman, Mr. David Ruud serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 74.63% of DTE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.05% of DTE, in contrast to 24.18% held by mutual funds. Shares owned by individuals account for 1.14%. As the largest shareholder in DTE with 11.34% of the stake, The Vanguard Group, Inc. holds 21,968,116 shares worth 21,968,116. A second-largest stockholder of DTE, Capital Research & Management Co, holds 16,663,882 shares, controlling over 8.60% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DTE, holding 12,018,933 shares or 6.20% stake. With a 4.76% stake in DTE, the American Funds Income Fund of Ame is the largest stakeholder. A total of 9,215,849 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.51% of DTE stock, is the second-largest Mutual Fund holder. It holds 4,870,131 shares valued at 634.77 million. Capital Income Builder holds 2.50% of the stake in DTE, owning 4,849,200 shares worth 632.04 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DTE since 21 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DTE analysts setting a high price target of $149.00 and a low target of $130.00, the average target price over the next 12 months is $140.72. Based on these targets, DTE could surge 17.71% to reach the target high and rise by 2.7% to reach the target low. Reaching the average price target will result in a growth of 11.17% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DTE will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $6.10 being high and $5.94 being low. For DTE, this leads to a yearly average estimate of $6.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DTE Energy Company surprised analysts by -$0.12 when it reported $0.88 EPS against a consensus estimate of $1.00. The surprise factor in the prior quarter was $0.23. Based on analyst estimates, the high estimate for the next quarter is $1.95 and the low estimate is $0.63. The average estimate for the next quarter is thus $1.66.

Summary of Insider Activity:

Insiders traded DTE stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 7,509 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 42 over the past year. The total number of shares bought during that period was 311,793 while 158,418 shares were sold.

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