Searching For Real Value In Market Debris At DTE Energy Co. (NYSE: DTE)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, DTE falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. The current market capitalization of DTE Energy Co. is $26.55B. A total of 0.75 million shares were traded on the day, compared to an average of 1.00M shares.

In the most recent transaction, Lauer Trevor F sold 3,500 shares of DTE for 115.07 per share on Jun 05 ’24. After the transaction, the Vice Chairman & Group Pres. now owns 59,475 company shares. In a previous transaction on Jun 03 ’24, Muschong Lisa A. sold 1,198 shares at 116.61 per share. DTE shares that VP, Corp Sec & Chief of Staff owns now total 4,271.

Among the insiders who sold shares, Stiers Mark W disposed of 10,000 shares on May 15 ’24 at a per-share price of $116.00. This resulted in the Pres & COO-DTE Vantage & Trad. holding 41,921 shares of DTE after the transaction. In another insider transaction, Chavez JoAnn sold 3,000 shares at $111.52 per share on May 02 ’24. Company shares held by the Sr VP & Chief Legal Officer now total 13,667.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. DTE Energy Co. pays an annual dividend of $4.08, resulting in a dividend yield of 3.18%, and it has a price to earnings (P/E) ratio of 19.14. DTE’s most recent ex-dividend date was 9/16/2024 when it declared a $1.02 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 6/17/2024. The DTE stock dividend was $1.02 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, DTE has a high of $129.53 and a low of $92.58.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DTE’s latest balance sheet shows that the firm has $28.00M in Cash & Short Term Investments as of fiscal 2021. There were $18.25B in debt and $6.35B in liabilities at the time. Its Book Value Per Share was $53.65, while its Total Shareholder’s Equity was $8.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DTE is Buy with a score of 4.24.

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