DTE Energy stock: buy or sell?

DTE stock price: $124.69 -2.68% At close on February 26th, 2020

Updated on:
February 26th, 2020

2

DTE Energy dropped -2.68% to $124.69 after marking all time highs on Friday. With Wednesday it's been 3 sliding days in a row, loosing $-10.27 (-7.67%).

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 setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean DTE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

DTE stock chart (daily)

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 stock chart (weekly)

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.
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 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.

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 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.
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 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 shares192.1 M
Float shares190.9 M
  - Institutional holdings (%)75.8%
  - Insider holdings (%)0.5%
Shares in short selling0.0%

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 .
Stock3m6m12m
DTEDTE Energy0.61%-2.33%4.60%

DTE Energy competitors

Unfortunately, we could not find any public company that could be defined as DTE Energy competitor. This doesn't mean DTE Energy does not have any competitor in the market, it's just we could not detected it.