Last Updated: 16 Sep 2024
Executive Summary
DTE Energy Company (NYSE: DTE) is a diversified energy company with a market capitalization of $26.07 billion. The company has a strong financial position with an EBITDA of $3.42 billion and a net income of $2.17 billion in the last twelve months. DTE Energy has a strong track record of dividend growth, with a current yield of 3.24%. The company's stock is currently trading at $125.95, below its 52-week high of $126.56.
Company Overview
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. The company's operations are divided into three segments: Electric Utility, Gas Utility, and Energy Trading. The Electric Utility segment is the largest, accounting for approximately 60% of the company's revenue. The Gas Utility segment accounts for approximately 30% of revenue, and the Energy Trading segment accounts for the remaining 10%.
Fundamental Analysis
DTE Energy has a strong financial position with a debt-to-equity ratio of 0.54 and a current ratio of 1.23. The company's EBITDA margin is 27.6%, and its net profit margin is 17.5%. DTE Energy has a strong track record of earnings growth, with EPS growing at an average annual rate of 5.6% over the past five years.
Technical Analysis
DTE Energy's stock price has been in a downtrend since reaching a 52-week high of $126.56 in January 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is at 45.3, indicating that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for DTE Energy is mixed. The company's financial position is strong, but its stock price is in a downtrend. The stock is currently trading below its 50-day and 200-day moving averages, which could indicate that the downtrend is likely to continue in the short term.
Long Term Outlook
The long-term outlook for DTE Energy is positive. The company has a strong track record of earnings growth, and its dividend yield is attractive. The company's operations are diversified across three segments, which provides some protection against downturns in any one segment.
Analyst Recommendations
Analysts are generally positive on DTE Energy. The consensus rating on the stock is "Buy", with a target price of $129.2. Three analysts have a "Strong Buy" rating on the stock, seven have a "Buy" rating, eight have a "Hold" rating, and none have a "Sell" or "Strong Sell" rating.
