SoFi CEO enters prepaid forward contract on 1.5 million shares
In a challenging market environment, DTE Energy (NYSE:DTE) Co PR E stock has touched a new 52-week low, reaching a price level of $20.78. The utility giant, with a market capitalization of $26.72 billion, maintains a relatively low beta of 0.49, indicating lower volatility compared to the broader market. This latest dip reflects a broader trend for the utility company's preferred stock, which has seen a significant downturn over the past year. Investors have witnessed a 1-year change with a decrease of 12.45%, marking a period of bearish sentiment towards the stock. The decline to this year's low point underscores the pressures faced by the energy sector amidst fluctuating demand and regulatory headwinds, prompting a cautious outlook from market participants. According to InvestingPro, the company has maintained dividend payments for 55 consecutive years, though it currently operates with a current ratio of 0.71 and faces revenue decline of 2.26% in the last twelve months. For deeper insights and additional ProTips about DTE Energy's financial health, explore InvestingPro.
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