NEW YORK (
DTE Energy Holding Company
) hit a new 52-week high Thursday as it is currently trading at $49.99, above its previous 52-week high of $49.95 with 830,633 shares traded as of 3:31 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.
DTE Energy Holding has a market cap of $8.3 billion and is part of the
industry. Shares are up 9.5% year to date as of the close of trading on Wednesday.
DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. It also involves in non-utility operations. The company has a P/E ratio of 13.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates DTE Energy Holding as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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