DTE Stock Summary and Trading Ideas (DTE Energy Company | NYSE:DTE)

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

DTE Energy Company trades on the NYSE stock market under the symbol DTE.

As of April 23, 2024, DTE stock price was flat at $110.12 with 865,713 million shares trading.

DTE has a beta of 0.41, meaning it tends to be less sensitive to market movements. DTE has a correlation of 0.07 to the broad based SPY ETF.

DTE has a market cap of $22.79 billion. This is considered a Large Cap stock.

Last quarter DTE Energy Company reported $3 billion in Revenue and $1.97 earnings per share. This fell short of revenue expectation by $-5 billion and exceeded earnings estimates by $.01.

In the last 3 years, DTE stock traded as high as $145.43 and as low as $90.14.

The top ETF exchange traded funds that DTE belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

DTE stock has underperformed the market in the last year with a return of +0.3%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DTE shares. However, DTE has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and +0.6%, while SPY returned +4.9% and -2.5%, respectively. This indicates DTE has been having a stronger performance recently.

DTE support price is $108.60 and resistance is $111.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DTE stock will trade within this expected range on the day.