DTE Energy stock: buy or sell?

Item: DTE Energy stock
Rating: 5
Author: Stocks2.com

DTE stock price: $132.29 0.32% At close on September 20th, 2019

Updated on:
September 20th, 2019

DTE Energy remained steady 0.32% to $132.29 after marking all time highs today. Friday was the 5th climbing day in a row, soaring 3.01%.

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:

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?

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.

Is DTE a good stock to buy?
Date	Analyst / Broker	Previous rating	Current rating
2019-9-3	Credit Suisse Group	n/a	Neutral
2019-9-2	Berenberg Bank	n/a	Sell
2019-8-27	Credit Suisse Group	n/a	Neutral
2019-8-26	Wells Fargo & Co	Market Perform	Outperform
2019-8-12	Mizuho	n/a	Neutral
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 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 stock chart (daily)

Weekly outlook

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 stock chart (weekly)

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 $127.60

Nobody 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:

DTE stock price predictions
Date	Analyst / Broker	Action	Previous target	Current target	Diff
2019-8-26	Wells Fargo & Co	Upgrades	n/a	$145.00	-
2019-8-12	Mizuho	Initiates	n/a	$131.00	-
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	$127.60	5.0%

The price forecast for DTE Energy stock is $127.60, moving in a range between $145.00 and $113.00. In average, analysts' outlook on DTE price forecast is positive, increasing the prediction by a 5.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.

DTE earnings date and EPS evolution
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 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.

DTE annual Sales and Income evolution
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 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.

DTE quarterly Sales and Income evolution
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 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:

	DTE	AEE	CMS	ES	LNT
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
Open	$132.03
Close	$132.29
Day range	$131.46 - $132.78
Previous close	$131.87
Session gain	0.32%
Average true range	$1.96
50d mov avg	$128.53
100d mov avg	$127.47
200d mov avg	$122.08
Daily pattern
Weekly pattern	lb01c

DTE Energy performance

Stocks 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.

Stock	3m	6m	12m
DTEDTE Energy	1.64%	7.49%	25.01%
AEEAmeren	2.21%	8.00%	25.31%
CMSCMS Energy	6.96%	14.50%	31.07%
ES	7.52%	16.93%	36.90%
LNTAlliant Energy	7.06%	13.34%	26.69%
MGEEMGE Energy	8.04%	15.75%	18.71%
NINiSource	1.10%	4.50%	18.78%
WECWEC Energy	10.44%	19.82%	43.59%
XELXcel Energy	5.09%	14.10%	39.18%

DTE Energy competitors

We selected a few stocks to conform a list of DTE Energy competitors to examine if you are interested in investing in DTE: