Stock Rating Upgrade
In recent days the Value Trend Rating for DTE Energy Co (NYSE: DTE) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 4/8/24, DTE Energy Co (NYSE: DTE) stock rose modestly by 0.4%, closing at $109.50. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -2.4% during the last week.
Current PriceTarget Research Rating
DTE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
DTE Energy has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. DTE Energy has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 50, with the Low Neutral Value Trend Rating the result.
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