DTE Energy stock: buy or sell?
Updated on:
February 26th, 2020
2
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?
Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.Currently, DTE Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is DTE Energy stock a buy?
Financial institutions and banks publish stock ratings everyday.
Unfortunately, we couldn't detect any rating for DTE stock for the last 30 days.DTE Energy stock analysis
Daily outlook
DTE Energy dropped -2.68% today to $124.69 after marking all time highs on Friday.
DTE Energy dropped -2.68% today to $124.69 after topping to all time highs on Friday. In this session, DTE Energy stock crossed down the SMA200d line. If you are using SMA200d line as stop loss trigger, double check your position in this stock. Since Jan/29 when SMA50d and SMA100d crossed up, DTE price slipped $-7.77 per share (-5.87%). On Friday, DTE hit a new all time high, pushing higher than on February/6 tops. Check different trading setups that use ATHs as triggers.
Weekly outlook
DTE Energy collapsed a bloodcurdling -7.61% this week.
Once DTE Energy stock failed to resist above the support, it inescapably dropped deeper. Possible next supports for DTE stock are 119.11. Not so far away is the last price record DTE Energy marked last week. This week, DTE Energy stock crossed down the significant level of the 40-weeks moving average. Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since SMA10w and SMA20w crossed up late January, DTE price slid a -6.83%.
DTE Energy stock price history
DTE Energy stock historical price chart
DTE stock reached all-time highs on Friday with a price of $135.67.
DTE Energy stock price target
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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 month we have not found any price forecast for DTE Energy stock by any trusted analyst.Financials and fundamental analysis
Earnings date and Earnings per Share
, DTE Energy reported its latest financial data, aligned with analysts' consensus and posted a $0.91 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.| 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 sales skyrocketed an amazing 12.73% to $14,212.00 M dollars from $12,607.00 marked in 2017. Nevertheless, its income 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 posted $3,750.00 million in revenues 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 revenues to same quarter last year, DTE Energy sales marked a dazzling 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 buy shares of a company, it's always worth to overview 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, 0.53% of all outstanding shares are owned by its staff.
In case of DTE Energy stock, 75.77% 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.
For a better understanding, the following table shows ownership data compared to other related companies:
| DTE | |
|---|---|
| Market cap | $24.0 B |
| Total shares | 192.1 M |
| Float shares | 190.9 M |
| - Institutional holdings (%) | 75.8% |
| - Insider holdings (%) | 0.5% |
| Shares in short selling | 0.0% |
DTE Energy summary
| Wednesday, February 26th, 2020 | |
|---|---|
| Open | $128.37 |
| Close | $124.69 |
| Day range | $124.69 - $129.04 |
| Previous close | $128.12 |
| Session gain | -2.68% |
| Average true range | $1.84 |
| 50d mov avg | $131.20 |
| 100d mov avg | $128.12 |
| 200d mov avg | $127.68 |
| Daily pattern | |
| Weekly pattern | lt06c |
DTE Energy performance
To better understand DTE Energy performance you must becnhmark its gains with other related stocks in same sector or industry. For DTE Energy, the comparison is made against .| Stock | 3m | 6m | 12m |
|---|---|---|---|
| DTEDTE Energy | 0.61% | -2.33% | 4.60% |