DTE Energy Company (DTE) has been under a strong bear grip, hence the stock is down -2.57% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.17% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.79% in the last 1 week, and is up 4.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
DTE Energy Company (NYSE:DTE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $98.29 and $98.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $99.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $99.41, notching a gain of 1.07% for the day. The total traded volume was 956,462 . The stock had closed at $98.36 on the previous day.
The stock has recorded a 20-day Moving Average of 1.58% and the 50-Day Moving Average is 6.02%. DTE Energy Company is up 16.81% in the last 3-month period. Year-to-Date the stock performance stands at 25.97%.
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.