DTE Energy Co (NYSE: DTE) has reported E.P.S. of $2.30 for its third fiscal quarter (ending September 30) versus $1.61 for the same period a year ago — an increase of 43%. For the latest four quarters through September 30, E.P.S. were $7.39 compared to $6.05 a year ago — an increase of 22%.
Recent Price Action
On 10/24/24, DTE Energy Co (NYSE: DTE) stock declined slightly by -0.2%, closing at $129.77. Moreover, trading volume in this decline was unusually high at 154% of normal. The stock has risen 1.0% during the last week and has been strong relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. DTE Energy has a slightly negative Appreciation Score of 36 but a good Power Rating of 83, with the High Neutral Value Trend Rating the result.
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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