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.