DTE Energy stock: buy or sell?
September 20th, 2019
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. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with DTE Energy stock right now:
|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?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 10 ratings published for DTE stock in the last month. The general sentiment of these ratings is bearish for DTE stock, with 4 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-3||Credit Suisse Group||n/a||Neutral|
|2019-8-27||Credit Suisse Group||n/a||Neutral|
|2019-8-26||Wells Fargo & Co||Market Perform||Outperform|
|2019-6-3||Bank of America||n/a||Underperform|
|2019-4-22||Credit Suisse Group||n/a||Sell|
|2019-2-11||Credit Suisse Group||Underperform||Underperform|
DTE Energy stock analysis
DTE Energy remained steady 0.32% today and peaked a new all time high at $132.78.
DTE Energy remained stable 0.32% today and reached a new all time high at $132.78. On August 15th DTE price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.
DTE Energy shares rose 3.01% this week and set a new all time high at $132.78.
If you observe the weekly chart, price finally broke over the resistance at $131.53 and continued climbing. Since price and SMA20w lines crossed up late January, DTE climbed $21.80 (19.73%).
DTE Energy stock price history
DTE Energy stock historical price chart
DTE stock reached all-time highs today with a price of $132.78.
DTE Energy stock price target is $127.60Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We have 7 price targets for DTE stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-26||Wells Fargo & Co||Upgrades||n/a||$145.00||-|
|2019-6-3||Bank of America||Lowers Target||$124.00||$122.00||-1.6%|
|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%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when DTE Energy published its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, DTE Energy annual revenues boosted an exceptional 12.73% to $14,212.00 million dollars from $12,607.00 marked in 2017. Instead, its income margin (compared to revenues) slightly fell to 7.88%, that is $1,120.00 million.
|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 resultsDTE Energy posted $3,750.00 million in sales for 2018-Q4, a 5.63% up compared to previous quarter. Reported quarter income 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 an astounding gain and rocketed a 14.64%. Looking back to recent quarterly results, DTE Energy posted 2 positive quarters in a row.
|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 ownershipWhen you are planning to invest in a company, it's 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, 0.57% 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:
|Market cap||$24.2 B||$19.3 B||$17.8 B||$26.9 B||$12.6 B|
|Total shares||183.3 M||245.8 M||283.8 M||323.6 M||237.5 M|
|Float shares||181.9 M||244.5 M||281.9 M||322.9 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
|Friday, September 20th, 2019|
|Day range||$131.46 - $132.78|
|Average true range||$1.96|
|50d mov avg||$128.53|
|100d mov avg||$127.47|
|200d mov avg||$122.08|
DTE Energy performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For DTE Energy, the comparison is made against Ameren, CMS Energy, , Alliant Energy, MGE Energy, NiSource, WEC Energy and Xcel Energy.