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TheStreet Wire

DTE Energy Holding Stock Hits New 52-Week High (DTE)

By TheStreet Wire 07/16/12 - 11:11 AM EDT

Find out if (DTE) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- DTE Energy Holding Company (NYSE:DTE) hit a new 52-week high Monday as it is currently trading at $60.28, above its previous 52-week high of $60.25 with 234,786 shares traded as of 10:45 a.m. ET. Average volume has been 895,500 shares over the past 30 days.

DTE Energy Holding has a market cap of $10.08 billion and is part of the utilities sector and utilities industry. Shares are up 8.8% year to date as of the close of trading on Friday.

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 14.6, equal to the average utilities industry P/E ratio and 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 reasonable valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full DTE Energy Holding Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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