DTE Energy Company (NYSE:DTE) has risen sharply, recording gains of 5.57% in the past 4 weeks. However, the stock has corrected -0.14% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 28.32% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $100.45 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $93.98 and the 200 Day Moving Average price is recorded at $87.98.
The stock has recorded a 20-day Moving Average of 3.61% and the 50-Day Moving Average is 7.8%.
DTE Energy Company (NYSE:DTE): stock turned positive on Friday. Though the stock opened at $97.89, the bulls momentum made the stock top out at $99.17 level for the day. The stock recorded a low of $97.02 and closed the trading day at $99.14, in the green by 0.97%. The total traded volume for the day was 841,869. The stock had closed at $98.19 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Muschong Lisa A., officer (Corporate Secretary) of Dte Energy Co, had unloaded 1,075 shares at an average price of $92.79 in a transaction dated on June 3, 2016. The total value of the transaction was worth $99,749.
DTE Energy Company (DTE) is an energy company. The Companys other businesses are involved in natural gas pipelines, gathering and storage, power and industrial projects, and energy marketing and trading operations. Its segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric, which is engaged in the generation, purchase, distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to approximately 1.2 million residential, commercial and industrial customers throughout Michigan and the sale of gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.