DTE Energy Shares Increase, But Lag Behind Overall Market Performance
January 13, 2023
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Dte Energy Stock Fair Value – DTE ($NYSE:DTE) Energy Company is an American utility company located in Detroit, Michigan that provides gas and electric services to customers across the Midwest. The company’s stock, DTE Energy (NYSE:DTE), is listed on the New York Stock Exchange. On Wednesday, the stock price of DTE Energy increased, but it lagged behind the overall market performance. The stock market has been volatile over the past few months, with a rapid increase followed by a sudden downturn. Despite this, DTE Energy has managed to remain relatively stable. This means that DTE Energy’s stock price was still behind the average market performance.
However, DTE Energy has not been able to keep up with the performance of other stocks in the industry, with its competitors enjoying greater gains. Despite lagging behind the overall market performance, DTE Energy remains a viable investment option for investors looking for a stable stock. The company has a solid balance sheet and strong cash flow, with revenues and profits continuing to increase year-over-year. Overall, DTE Energy’s stock has increased on Wednesday, however it remained behind the general market’s performance. While the company has performed well in the market this year, it is still lagging behind its competitors in terms of overall gains. Nevertheless, DTE Energy remains a solid investment option for investors looking for stable returns and a steady dividend yield.
Share Price
On Wednesday, DTE ENERGY opened at $119.8 and closed at $120.7, up 0.6% from the previous closing price of 120.0. This is a modest increase compared to the overall market performance, which has been mostly positive so far this week. The news sentiment surrounding DTE Energy has also been mostly positive, with analysts predicting further increases in share value.
However, the company’s stock has not seen the same gains as the rest of the overall market. This could be attributed to a number of factors, including the company’s current financial standing, or the fact that investors are wary of making large investments in the energy sector due to ongoing geopolitical uncertainty. DTE Energy is one of the largest energy companies in the United States, providing natural gas and electricity to millions of customers in Michigan and other states. The company has a strong track record of delivering reliable energy services, and has made significant investments in renewable energy sources in recent years. Despite this progress, their stock has lagged behind the rest of the market this week. Moving forward, investors will be closely monitoring DTE Energy’s stock performance to see if it can keep up with the overall market. If the company can deliver positive news and increase its share value, then it may be able to make up for its current lag in performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dte Energy. More…
| Total Revenues | Net Income | Net Margin |
| 19.4k | 1.12k | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dte Energy. More…
| Operations | Investing | Financing |
| 2.11k | -3.54k | 1.42k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dte Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.95k | 32.97k | 46.35 |
Key Ratios Snapshot
Some of the financial key ratios for Dte Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | 1.4% | 9.0% |
| FCF Margin | ROE | ROA |
| -7.0% | 12.5% | 2.6% |
VI Analysis – Dte Energy Stock Fair Value Calculator
DTE Energy is a company with strong fundamentals that provide insight into its long-term potential. According to the VI app, the company’s intrinsic value is around $148.7, determined by a variety of factors such as cash flows, earnings, and asset values. This value is significantly higher than the current stock price of $120.7, meaning the stock is currently undervalued by 19%. Investors should look at the overall fundamentals of a company before investing, especially when it comes to stocks like DTE Energy that are traded at a discount. Investors should also consider the company’s financials, debt levels, and the current market environment when making decisions. Though the stock appears to be undervalued, there are still risks associated with investing in DTE Energy. Investors should evaluate potential risks such as potential changes in regulations, competitive pressures, and market volatility before investing. In addition, investors should watch out for any changes in the company’s core operations that could affect its long-term profitability. Overall, DTE Energy appears to be a good investment opportunity due to its strong fundamentals and discounted stock price. However, investors should still conduct thorough research and assess potential risks before investing in the company. More…
VI Peers
The company operates through two segments: Electric and Gas. The Electric segment generates, purchases, distributes, and sells electricity to residential, commercial, and industrial customers in southeastern Michigan. The Gas segment purchases, transports, stores, distributes, and sells natural gas to residential, commercial, and industrial customers in Michigan. As of December 31, 2018, DTE Energy Co operated 10 coal-fired generating stations with a total capacity of 6,879 megawatts; 29 natural gas-fired generating stations with a total capacity of 4,473 megawatts; 71 wind turbines with a total capacity of 132 megawatts; 7 solar arrays with a total capacity of 35 megawatts; and 1 nuclear power plant with a total capacity of 1,944 megawatts. The company’s competitors include CMS Energy Corp, OGE Energy Corp, and Xcel Energy Inc.
– CMS Energy Corp ($NYSE:CMS)
CMS Energy Corporation is an American utility company based in Jackson, Michigan, with its principal subsidiary, Consumers Energy, serving Michigan. CMS Energy also owns and operates two power generation businesses, one in Michigan and one in Hawaii.
The company has a market capitalization of $16.81 billion as of 2022 and a return on equity of 12.15%. CMS Energy is engaged in the generation, transmission, and distribution of electricity and natural gas. The company also owns and operates power generation facilities in Michigan and Hawaii.
– OGE Energy Corp ($NYSE:OGE)
Duke Energy Corp is a publicly traded electric power holding company in the United States. The company has a market capitalization of $73.9 billion as of March 2021 and a return on equity of 18.7%. Duke Energy is the largest electric power holding company in the United States, with regulated utilities in six states and a commercial businesses in 47 countries. The company’s regulated utility operations serve approximately 7.7 million electric customers in the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy’s commercial businesses include wholesale energy trading and marketing, natural gas pipelines, storage and gathering, and international energy assets.
– Xcel Energy Inc ($NASDAQ:XEL)
Xcel Energy Inc. is a publicly traded company that provides electricity and natural gas services in the United States and Canada. The company has a market capitalization of $35.77 billion as of 2022 and a return on equity of 9.4%. The company operates in eight states and serves more than 3.6 million customers. Xcel Energy is the largest provider of electricity in Colorado and the second-largest provider of electricity in Minnesota. The company also provides natural gas service in Colorado, Minnesota, and Wisconsin.
Summary
DTE Energy‘s stock has been increasing, but lagging behind the overall market performance. News sentiment for the company has been mostly positive. Analysts suggest that DTE Energy is a good investment opportunity due to its market presence, diverse energy sources and reliable customer service. The company is well-positioned to benefit from current trends in energy production and consumption, and has a strong financial performance.
Investors should consider the company’s long-term growth prospects, as well as its ability to deliver consistent returns. By investing in DTE Energy, investors can benefit from its steady performance and potential long-term growth.
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