DTE Energy Holding Reaches New 52-Week High (DTE)

NEW YORK ( TheStreet) -- DTE Energy Holding Company (NYSE: DTE) hit a new 52-week high Thursday as it is currently trading at $56.58, above its previous 52-week high of $56.52 with 479,592 shares traded as of 2:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

DTE Energy Holding has a market cap of $9.52 billion and is part of the utilities sector and utilities industry. Shares are up 3.3% 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. 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 13.4, 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, good cash flow from operations, 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.

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