Reasons to Add DTE Energy (DTE) Stock to Your Portfolio Now

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DTE Energy Corp.’s DTE disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems boosts its performance. Given its growth prospects, DTE makes for a ...

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Given its growth prospects, DTE makes for a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reasons-add-dte-energy-dte-120500233.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reasons to Add DTE Energy (DTE) Stock to Your Portfolio Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReasons to Add DTE Energy (DTE) Stock to Your Portfolio Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 20:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/reasons-add-dte-energy-dte-120500233.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DTE Energy Corp.’s DTE disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems boosts its performance. Given its growth prospects, DTE makes for a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reasons-add-dte-energy-dte-120500233.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ES","symbol_name":"Eversource Energy","start_time":0,"source_url":"https://finance.yahoo.com/news/reasons-add-dte-energy-dte-120500233.html","article_id":"2428234370","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/K.BBpbK4exyplNQ2Ftr2eQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1f694a157d005210e73c21297d443551"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428234370","pubTimestamp":1713355500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"DTE Energy Corp.’s DTE disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems boosts its performance. Given its growth prospects, DTE makes for a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2  company a strong investment pick at the moment.The Zacks Consensus Estimate for DTE Energy’s 2024 EPS has increased 0.45% to $6.70 per share over the past 90 days. The Zacks Consensus Estimate for 2024 revenues is pegged at $13.43 billion, which implies a year-over-year increase of 5.4%.The company’s long-term  earnings growth rate is pegged at 6%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ES":"Eversource Energy","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","DTE":"DTE能源","BK4081":"电力公用事业","BK4208":"复合型公用事业","ROE":"ASTORIA US QUALITY KINGS ETF","BK4585":"ETF&股票定投概念","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","PNW":"品尼高西方资本品西资本","BK4566":"资本集团","BK4519":"光伏太阳能","PLUG":"普拉格能源","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","NI":"印北瓦电","BK4588":"碎股"},"translate_title":"现在将DTE Energy（DTE）股票加入投资组合的理由","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROE":1,"PNW":1,"PLUG":1,"NI":1,"DTE":1,"ES":1},"content_text":"DTE Energy Corp.’s DTE disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems boosts its performance. Given its growth prospects, DTE makes for a solid investment option in the utility sector.\nLet’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.\nSolid Growth Projections\nThe Zacks Consensus Estimate for DTE Energy’s 2024 EPS has increased 0.45% to $6.70 per share over the past 90 days. The Zacks Consensus Estimate for 2024 revenues is pegged at $13.43 billion, which implies a year-over-year increase of 5.4%.The company’s long-term (three to five years) earnings growth rate is pegged at 6%.\nReturn on Equity\nReturn on equity (ROE) indicates how efficiently a company has been utilizing funds to generate higher returns. Currently, DTE’s ROE is 11%, higher than the industry’s average of 8.67%. This indicates that the company has been utilizing funds more constructively than its peers in the electricity utility industry.\nDebt Position\nDTE’s times interest earned ratio (TIE) at the end of the fourth quarter of 2023 was 3. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.\nDividend History\nDTE Energy has been consistently increasing shareholder value by steadily paying dividends. In February 2024, DTE announced a quarterly dividend of $1.02 per share, resulting in an annualized dividend of $4.08. The company’s current dividend yield is 3.95%, better than the Zacks S&P 500 Composite's average of 1.33%.\nSystematic Investments\nThe company aims to invest a total of $25 billion over the next five years, which implies an 8.7% improvement over its prior five-year investment plan. Of this, the company’s DTE Electric subsidiary expects to make capital investments worth $20 billion over the 2024-2028 period.Apart from its utility operations, DTE continues to make progress in its non-utility business, which provides diversity to its earnings stream. Profitable returns from such investments should enable DTE Energy to duly achieve its long-term operating earnings growth rate of 6-8%.\nPrice Performance\nIn the past six months, the stock has risen 6.3% compared with the industry’s average growth of 2%.\nImage Source: Zacks Investment Research\nOther Stocks to Consider\nA few other top-ranked stocks from the same industry are Eversource Energy ES, NiSource NI and Pinnacle West Capital PNW, each holding a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.ES’ long-term earnings growth rate is 4.20%. The Zacks Consensus Estimate for Eversource Energy’s 2024 sales is pegged at $12.87 billion, which indicates a year-over-year improvement of 8.1%.  NI’s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for NiSource’s 2024 sales is pegged at $6.14 billion, which suggests a year-over-year improvement of 11.5%.  PNW’s long-term earnings growth rate is 7.60%. The Zacks Consensus Estimate for Pinnacle West Capital’s 2024 sales is pegged at $4.87 billion, which calls for a year-over-year improvement of 3.7%.   \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNiSource, Inc (NI) : Free Stock Analysis Report\nDTE Energy Company (DTE) : Free Stock Analysis Report\nPinnacle West Capital Corporation (PNW) : Free Stock Analysis Report\nEversource Energy (ES) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428234370"}