DTE Energy stock: buy or sell?

DTE stock price: $129.55 -0.34% At close on July 16th, 2019

Updated on:
July 16th, 2019

4

After reaching all time highs on Thursday, DTE Energy slightly fell -0.34% today to $129.55. Tuesday was the third red session in a row, sliding in full a -1.57%.

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 setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
Is DTE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-3Bank of American/aUnderperform
2019-6-20Barclaysn/aHold
2019-4-25UBS GroupNeutralNeutral
2019-4-22Credit Suisse Groupn/aSell
2019-2-11Credit Suisse GroupUnderperformUnderperform

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%).

DTE stock chart (daily)

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 stock chart (weekly)

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:
DTE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-3Bank of AmericaLowers Target$124.00$122.00-1.6%
2019-6-20BarclaysReiteratesn/a$131.00-
2019-4-25UBS GroupRaises Target$132.00$134.001.5%
2019-4-22Credit Suisse GroupSet Price Targetn/a$117.00-
2019-2-11Credit Suisse GroupRaises Target$110.00$113.002.7%
(in average)$122.00$123.401.0%
The price prediction for DTE Energy stock is $123.40, moving in a range between $134.00 and $113.00. In average, analysts' outlook on DTE price target is stable from previous estimations.

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.
DTE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1n/a
2017-Q32017-10-251.561.48-5.1%
2017-Q42018-02-161.191.265.9%
2018-Q12018-04-251.891.911.1%
2018-Q22018-07-251.111.3622.5%
2018-Q32018-10-241.742.1322.4%
2018-Q42019-02-070.920.91-1.1%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/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.

DTE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$9,630 M-$661 M6.9%-
2014$12,301 M27.74%$905 M7.4%36.91%
2015$10,337 M-15.97%$727 M7.0%-19.67%
2016$10,630 M2.83%$868 M8.2%19.39%
2017$12,607 M18.60%$1,134 M9.0%30.65%
2018$14,212 M12.73%$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.
DTE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$2,820 M-$177 M6.3%-
2017-Q3$3,230 M14.54%$269 M8.3%51.98%
2017-Q4$3,271 M1.27%$287 M8.8%6.69%
2018-Q1$3,753 M14.74%$361 M9.6%25.78%
2018-Q2$3,159 M-15.83%$234 M7.4%-35.18%
2018-Q3$3,550 M12.38%$334 M9.4%42.74%
2018-Q4$3,750 M5.63%$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:

DTEAEECMSESLNT
Market cap$23.7 B$18.7 B$16.6 B$0.0 M$11.9 B
Total shares183.2 M245.6 M283.8 M0.0 M237.4 M
Float shares181.9 M244.4 M281.8 M317.0 M237.0 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 selling0.0%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:
Stock3m6m12m
DTEDTE Energy5.92%16.40%25.31%
AEEAmeren8.92%14.93%27.72%
CMSCMS Energy9.69%16.89%27.30%
ES11.94%16.62%36.41%
LNTAlliant Energy9.58%18.29%21.30%
MGEEMGE Energy10.21%20.95%16.89%
NINiSource6.47%10.93%15.64%
WECWEC Energy13.77%23.46%37.12%
XELXcel Energy12.65%22.36%38.10%

DTE Energy competitors

One check before trading any stock is to have a look a list of its competitors, in this case for DTE Energy. We selected 8 companies as DTE Energy competitors as they are in the same industry or have similar market objectives.