DTE Energy Shares Rise After Green Manufacturing Partnership

DTE Energy Company rose 1.4% during the morning session to $118.86 per share. As reported by Reuters: "Dec 12 ( Reuters ) - Automaker Stellantis NV ( STLA.MI ) said on Monday it will power 70 of its facilities in Michigan entirely with solar energy by 2026 through a partnership with DTE Energy Co ( DTE.N ) , the state's largest producer of renewable energy." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

DTE Energy Company engages in the utility operations. The company belongs to the Utilities sector, which has an average price to earnings (P/E) ratio of 26.37 and an average price to book (P/B) ratio of 1.47. In contrast, DTE Energy Company has a trailing 12 month P/E ratio of 16.2 and a P/B ratio of 1.8.

At today's price of $118.86 per share, DTE Energy Company is -4.55% away from its target price of $124.53, and on average, analysts give the stock a rating of buy. 2.4% of the company's shares are linked to short positions, and 74.2% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.