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DTE
Stock ticker: NYSE
AS OF
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Price
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Capitalization
20.34B

DTE DTE Energy Company Forecast, Technical & Fundamental Analysis

a company which generates, purchases, transmits, distributes, and sells electric energy and natural gas

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DTE with price predictions
08:00 PM EDT Sep 27, 2023

Momentum Indicator for DTE turns negative, indicating new downward trend

DTE saw its Momentum Indicator move below the 0 level on September 26, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned negative. In of the 95 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for DTE turned negative on September 27, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for DTE entered a downward trend on September 14, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DTE advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

DTE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.940) is normal, around the industry mean (1.577). P/E Ratio (15.337) is within average values for comparable stocks, (21.315). Projected Growth (PEG Ratio) (1.795) is also within normal values, averaging (2.486). Dividend Yield (0.039) settles around the average of (0.052) among similar stocks. P/S Ratio (1.231) is also within normal values, averaging (3.189).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DTE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.7B. The market cap for tickers in the group ranges from 500 to 115.51B. NEE holds the highest valuation in this group at 115.51B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was -3%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -5%. HAWEL experienced the highest price growth at 22%, while ELIAF experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was 39%. For the same stocks of the Industry, the average monthly volume growth was 46% and the average quarterly volume growth was 32%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 74
Price Growth Rating: 62
SMR Rating: 79
Profit Risk Rating: 75
Seasonality Score: -15 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

DTE is expected to report earnings to rise 108.08% to $2.06 per share on October 25

DTE Energy Company DTE Stock Earnings Reports
Q3'23
Est.
$2.06
Q2'23
Beat
by $0.03
Q1'23
Beat
by $0.03
Q4'22
Beat
by $0.07
Q3'22
Beat
by $0.03
The last earnings report on July 27 showed earnings per share of 99 cents, beating the estimate of 95 cents. With 1.27M shares outstanding, the current market capitalization sits at 20.34B.
A.I.Advisor
published Dividends

DTE is expected to pay dividends on October 15, 2023

DTE Energy Company DTE Stock Dividends
A dividend of $0.95 per share will be paid with a record date of October 15, 2023, and an ex-dividend date of September 15, 2023. The last dividend of $0.95 was paid on July 15. Read more...
A.I. Advisor
published General Information

General Information

a company which generates, purchases, transmits, distributes, and sells electric energy and natural gas

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
One Energy Plaza
Phone
+1 313 235-4000
Employees
10250
Web
https://www.dteenergy.com
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DTE and

Correlation & Price change

A.I.dvisor indicates that over the last year, DTE has been closely correlated with CMS. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if DTE jumps, then CMS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DTE
1D Price
Change %
DTE100%
+0.66%
CMS - DTE
90%
Closely correlated
+0.78%
LNT - DTE
90%
Closely correlated
+0.81%
DUK - DTE
89%
Closely correlated
-0.47%
WEC - DTE
88%
Closely correlated
+0.84%
AEE - DTE
88%
Closely correlated
+0.52%
More

Groups containing DTE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DTE
1D Price
Change %
DTE100%
+0.66%
DTE
(undefined stocks)
93%
Closely correlated
+0.27%
utility
(undefined stocks)
91%
Closely correlated
-0.25%
electric power
(undefined stocks)
91%
Closely correlated
-0.09%
Electric Utilities
(undefined stocks)
84%
Closely correlated
+0.01%
Utilities
(undefined stocks)
84%
Closely correlated
+0.20%
More