Worth Watching Stock for Traders: DTE Energy (NYSE:DTE)

 DTE Energy (NYSE:DTE) changed 0.54% to recent value of $131.18. The stock transacted 585761 shares during most recent day however it has an average volume of 823.48K shares. It spotted trading -0.05% off 52-week high price. On the other end, the stock has been noted 34.05% away from the low price over the last 52-weeks.

On June 20, 2019, DTE Energy (NYSE:DTE) named Gary Torgow to its Board of Directors, effective immediately.

Torgow currently serves as chairman of Chemical Financial Corporation, the largest banking company headquartered in Michigan and founder and chairman of the Sterling Group, a Michigan-based real estate, development and investment company, which has acquired, developed and operated important landmark properties in Southeastern Michigan.

We’re pleased Gary has agreed to join our board of directors, adding to the diverse knowledge and experience our directors bring to DTE, said Gerry Anderson, chairman and CEO of DTE Energy. His extensive experience developing strategies for new business growth nationally, and managing financial, operational and regulatory matters will be of great value to our company and we look forward to his addition to our board.

Torgow earned his Bachelor of Arts degree from Yeshiva University, a Juris Doctorate from Wayne State University School of Law and is a member in good standing of the Michigan Bar Association.

Torgow serves on the boards of the Community Foundation of Southeast Michigan, Blue Cross Blue Shield and the Detroit Regional Partnership. He is also an executive board member of Business Leaders of Michigan, on the foundation board of Henry Ford Hospital and Wayne State University and the board of trustees of Beaumont Health Systems. an operating margin of 11.70% while its profit margin remained 8.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 9.70% for this year while earning per share for the next 5-years is expected to reach at 4.16%.

 The company has 182.26M of outstanding shares and 182.23M shares were floated in the market. According to the most recent quarter its current ratio was 0.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.49% from the mean of 20 days, 4.13% from mean of 50 days SMA and performed 10.58% from mean of 200 days price. Company’s performance for the week was 1.79%, 3.12% for month and YTD performance remained 18.93%.

Leave a Reply

Your email address will not be published. Required fields are marked *