Why DTE Energy (DTE) is a Top Value Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
DTE Energy (DTE)
Detroit, MI-based DTE Energy Company (DTE), incorporated in 1995, is a diversified energy company that develops and manages energy-related businesses and services nationwide. The company’s two largest regulated subsidiaries are DTE Electric Company and DTE Gas Company.
DTE boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Shares of DTE Energy are trading at a forward earnings multiple of 18.7X, as well as a PEG Ratio of 2.3, a Price/Cash Flow ratio of 9.1X, and a Price/Sales ratio of 2.1X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $6.70 per share. DTE has an average earnings surprise of 0.8%.
Investors should take the time to consider DTE for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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DTE Energy Company (DTE) : Free Stock Analysis Report