For its second fiscal quarter (ending June 30), DTE Energy Co (NYSE: DTE) has reported a 61% increase in E.P.S. from $0.97 a year ago to $1.56 in the current quarter. This result exceeded the consensus estimate of $1.16 by $0.40. For the latest four quarters through June 30, E.P.S. were $6.70 versus $6.44 for the same period a year ago — an increase of 4%.
Recent Price Action
On 7/25/24, DTE Energy Co (NYSE: DTE) stock rose slightly by 0.2%, closing at $118.19. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
DTE’s future returns on capital are forecasted to exceed 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. DTE Energy has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 60, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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