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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- DTE Energy Holding Company (NYSE: DTE) hit a new 52-week high Tuesday as it is currently trading at $64.70, above its previous 52-week high of $64.68 with 582,130 shares traded as of 1:01 p.m. ET. Average volume has been 630,900 shares over the past 30 days.

DTE Energy Holding has a market cap of $11.08 billion and is part of the utilities sector and utilities industry. Shares are up 7.3% 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 16.3, 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 solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full DTE Energy Holding Ratings Report.

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