DTE Energy Holding Reaches New 52-Week High (DTE)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- DTE Energy Holding Company (DTE">DTE) hit a new 52-week high Wednesday as it is currently trading at $66.22, above its previous 52-week high of $66.18 with 514,539 shares traded as of 3:31 p.m. ET. Average volume has been 661,500 shares over the past 30 days.
DTE Energy Holding has a market cap of $11.27 billion and is part of the utilities sector and utilities industry. Shares are up 9.6% year to date as of the close of trading on Tuesday.
DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates DTE Energy Holding as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DTE Energy Holding Ratings Report.
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