DTE Energy stock: buy or sell?
Updated on:
July 16th, 2019
4
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.
Should I buy DTE Energy stock?
You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.These 2 buy setups are elegible for DTE Energy stock right now:
| Buy setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is DTE Energy stock a buy?
Banks and financial institutions post stock ratings everyday.
At Stocks2.com, we gathered 5 ratings published for DTE stock in the last month. The general sentiment of these ratings is bearish for DTE stock, with 3 negative ratings.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-6-3 | Bank of America | n/a | Underperform |
| 2019-6-20 | Barclays | n/a | Hold |
| 2019-4-25 | UBS Group | Neutral | Neutral |
| 2019-4-22 | Credit Suisse Group | n/a | Sell |
| 2019-2-11 | Credit Suisse Group | Underperform | Underperform |
DTE Energy stock analysis
Daily outlook
DTE Energy slightly fell -0.34% today to $129.55 after reaching all time highs on Thursday.
After several days of continuous hikes in past weeks, DTE Energy slightly fell -0.34% to $129.55. On Thursday, DTE hit a new all time high, pushing higher than on Wednesday tops. Check different trading setups that use ATHs as triggers. Since price and SMA50d lines crossed up on May, DTE climbed $6.24 (5.06%).
Weekly outlook
DTE Energy shares declined -0.65% this week, ending at $129.55.
In a weekly time frame, DTE Energy stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, DTE might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last price record DTE Energy marked last week. Since late August 2018 when SMA20w and SMA40w crossed up, DTE price gained $19.36 per share (17.57%). Since late January when DTE stock price broke up the SMA20w line, it gained $18.25 (16.40%).
DTE Energy stock price history
DTE Energy stock historical price chart
DTE stock reached all-time highs on Thursday with a price of $132.09.
DTE Energy stock price target is $123.40
How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price predictions for DTE stock:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-6-3 | Bank of America | Lowers Target | $124.00 | $122.00 | -1.6% |
| 2019-6-20 | Barclays | Reiterates | n/a | $131.00 | - |
| 2019-4-25 | UBS Group | Raises Target | $132.00 | $134.00 | 1.5% |
| 2019-4-22 | Credit Suisse Group | Set Price Target | n/a | $117.00 | - |
| 2019-2-11 | Credit Suisse Group | Raises Target | $110.00 | $113.00 | 2.7% |
| (in average) | $122.00 | $123.40 | 1.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
On February, DTE Energy was in line with the forecasts of the experts and reported an EPS of $0.91 per share. As soon as we get its actual EPS from the earnings report, we will extend this report.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 1 | n/a |
| 2017-Q3 | 2017-10-25 | 1.56 | 1.48 | -5.1% |
| 2017-Q4 | 2018-02-16 | 1.19 | 1.26 | 5.9% |
| 2018-Q1 | 2018-04-25 | 1.89 | 1.91 | 1.1% |
| 2018-Q2 | 2018-07-25 | 1.11 | 1.36 | 22.5% |
| 2018-Q3 | 2018-10-24 | 1.74 | 2.13 | 22.4% |
| 2018-Q4 | 2019-02-07 | 0.92 | 0.91 | -1.1% |
| 2019-Q1 | - | n/a | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
In 2018, DTE Energy annual turnover climbed an exceptional 12.73% to $14,212.00 M dollars from $12,607.00 marked in 2017. Instead, its earnings margin (compared to revenues) depreciated to 7.88%, that is $1,120.00 million.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $9,630 M | - | $661 M6.9% | - |
| 2014 | $12,301 M | 27.74% | $905 M7.4% | 36.91% |
| 2015 | $10,337 M | -15.97% | $727 M7.0% | -19.67% |
| 2016 | $10,630 M | 2.83% | $868 M8.2% | 19.39% |
| 2017 | $12,607 M | 18.60% | $1,134 M9.0% | 30.65% |
| 2018 | $14,212 M | 12.73% | $1,120 M7.9% | -1.23% |
Quarterly financial results
DTE Energy reported $3,750.00 million in sales for 2018-Q4, a 5.63% up compared to previous quarter. Reported quarter earnings marked $191.00 M with a profit margin of 5.09%. Profit margin decreased a -4.32% compared to previous quarter when profit margin was 9.41%. When comparing sales to same quarter last year, DTE Energy sales marked an extraordinary increase and rocketed a 14.64%. Looking back to recent quarterly results, DTE Energy posted 2 positive quarters in a row.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $2,820 M | - | $177 M6.3% | - |
| 2017-Q3 | $3,230 M | 14.54% | $269 M8.3% | 51.98% |
| 2017-Q4 | $3,271 M | 1.27% | $287 M8.8% | 6.69% |
| 2018-Q1 | $3,753 M | 14.74% | $361 M9.6% | 25.78% |
| 2018-Q2 | $3,159 M | -15.83% | $234 M7.4% | -35.18% |
| 2018-Q3 | $3,550 M | 12.38% | $334 M9.4% | 42.74% |
| 2018-Q4 | $3,750 M | 5.63% | $191 M5.1% | -42.81% |
| 2019-Q1 | $3,514 M | -6.29% | $401 M11.4% | 109.95% |
DTE Energy ownership
When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For DTE Energy, 0.57% of all outstanding shares are owned by its staff.
In case of DTE Energy stock, 74.24% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DTE stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to DTE Energy:
| DTE | AEE | CMS | ES | LNT | |
|---|---|---|---|---|---|
| Market cap | $23.7 B | $18.7 B | $16.6 B | $0.0 M | $11.9 B |
| Total shares | 183.2 M | 245.6 M | 283.8 M | 0.0 M | 237.4 M |
| Float shares | 181.9 M | 244.4 M | 281.8 M | 317.0 M | 237.0 M |
| - Institutional holdings (%) | 74.2% | 74.4% | 94.5% | 76.3% | 78.0% |
| - Insider holdings (%) | 0.6% | 0.4% | 0.6% | 0.4% | 0.2% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
DTE Energy summary
| Tuesday, July 16th, 2019 | |
|---|---|
| Open | $129.58 |
| Close | $129.55 |
| Day range | $128.59 - $130.14 |
| Previous close | $129.99 |
| Session gain | -0.34% |
| Average true range | $1.69 |
| 50d mov avg | $127.73 |
| 100d mov avg | $125.09 |
| 200d mov avg | $118.81 |
| Daily pattern | |
| Weekly pattern | lt06a |
DTE Energy performance
Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We compared DTE Energy against Ameren, CMS Energy, , Alliant Energy, MGE Energy, NiSource, WEC Energy and Xcel Energy in the following table:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| DTEDTE Energy | 5.92% | 16.40% | 25.31% |
| AEEAmeren | 8.92% | 14.93% | 27.72% |
| CMSCMS Energy | 9.69% | 16.89% | 27.30% |
| ES | 11.94% | 16.62% | 36.41% |
| LNTAlliant Energy | 9.58% | 18.29% | 21.30% |
| MGEEMGE Energy | 10.21% | 20.95% | 16.89% |
| NINiSource | 6.47% | 10.93% | 15.64% |
| WECWEC Energy | 13.77% | 23.46% | 37.12% |
| XELXcel Energy | 12.65% | 22.36% | 38.10% |