60.9 F
New York
Thursday, October 1, 2020

DTE Energy Company (NYSE:DTE) is Gaining Momentum on Earnings Catalyst

Must read

Is Now the Time to Invest in Discover Financial Services (NYSE:DFS)?

Discover Financial Services (DFS) shares are trading at higher $57.78 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Energous Corporation (NASDAQ:WATT) Finding Zero Support

Energous Corporation (WATT) shares are trading at lower $2.95 and the avg recommendation for the stock is Strong Buy. To add more color to...

EQT Corporation (NYSE:EQT) is Gaining Momentum on Earnings Catalyst

EQT Corporation (EQT) shares are trading at higher $12.93 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Murphy Oil Corporation (NYSE:MUR) on the Path to Profitability

Murphy Oil Corporation (MUR) shares are trading at higher $8.92 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The DTE Energy Company (DTE) shares are trading at higher $109.70 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $124.47.

To add more color to this target, the company’s high over the last year is $135.67 and the low is $71.21. Over the last 52 weeks, DTE is down -19.14% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DTE reported a profit of $546.0 million. DTE Energy Company also saw revenues increase to $3.02 billion. In addition, DTE has free cash flow of -$127.0 million as of 03-2020. The company’s EBITDA came in at $912.0 million which compares well with its peers.

DTE booked profit margins of 9.10%, its Return on Equity (ROE) is 9.90%, and its Return on Assets is 2.80%. All told, it is clear that, DTE needs to be on your watchlist.

Find out when DTE reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DTE has a short ratio of 3.38 and outstanding shares of 192.00M.

Company Outlook

DTE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.09 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.88. DTE Energy Company DTE also noted assets of $43.23 billion at the end of the last quarter. Investors should also keep an eye on sector updates as DTE has historically followed its peers on positive news.

All told, DTE Energy Company DTE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DTE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

DTE Energy Company DTE is now commanding a market cap of 20.96B and a float of 191.45M. DTE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DTE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DTE, either long or short, and we have not been compensated for this article.

Latest article

The Rejuvenation of Amgen Inc. (NASDAQ:AMGN)

Amgen Inc. (AMGN) shares are trading at higher $254.16 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Caterpillar Inc. (NYSE:CAT) Recent Earnings Shows Major Promise

Caterpillar Inc. (CAT) shares are trading at higher $149.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Unprecedented Rise of Centene Corporation (NYSE:CNC)

Centene Corporation (CNC) shares are trading at higher $58.33 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Continental Resources Inc. (NYSE:CLR) Finding Zero Support

Continental Resources Inc. (CLR) shares are trading at lower $12.28 and the avg recommendation for the stock is Hold, while the current analyst price...

Renewed Optimism is Surrounding Prologis Inc. (NYSE:PLD)

Prologis Inc. (PLD) shares are trading at higher $100.62 and the avg recommendation for the stock is Strong Buy, while the current analyst price...