Earnings estimates for DTE Energy Company (DTE - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 0.3% and 0.6% to $6.20 and $6.55 per share, respectively.
Let’s focus on the factors that make the stockan appropriate pick at the moment.
Zacks Rank & VGM Score
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Earnings Surprise History &Dividend Yield
The company’s average four-quarter positive earnings surprise is 12.24%.Currently, the company has a dividend yield of 2.93% compared with the Zacks S&P 500 Composite’s 1.99% and industry’s 2.82%.
Long-Term Growth & Price Performance
The company’s long-term (3 to 5 years) earnings growth is pegged at 6%.
In the past 12 months, shares of DTE Energy have rallied 33.1% compared with the industry’s rise of 20.8%.
Investment Plans
DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. DTE Electric currently expects to make capital investments of $11.3 billion over the 2019-2023 period. DTE Gas’ total capital investments over the 2019-2023 period are estimated at $2.5 billion. The company plans to accelerate more than $450 million of main renewal capital over the next five years.
Other Key Picks
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , FirstEnergy Corporation (FE - Free Report) and Black Hills Corporation (BKH - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 13.83% in the last four quarters. The company’s long-term earnings growth is pegged at 3.80%
FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.
Black Hills delivered an average positive earnings surprise of 5.69% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Earnings estimates for DTE Energy Company (DTE - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 0.3% and 0.6% to $6.20 and $6.55 per share, respectively.
Let’s focus on the factors that make the stockan appropriate pick at the moment.
Zacks Rank & VGM Score
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Earnings Surprise History &Dividend Yield
The company’s average four-quarter positive earnings surprise is 12.24%.Currently, the company has a dividend yield of 2.93% compared with the Zacks S&P 500 Composite’s 1.99% and industry’s 2.82%.
Long-Term Growth & Price Performance
The company’s long-term (3 to 5 years) earnings growth is pegged at 6%.
In the past 12 months, shares of DTE Energy have rallied 33.1% compared with the industry’s rise of 20.8%.
Investment Plans
DTE Energy follows a disciplined capital spending program to maintain and upgrade the reliability of its electric utility systems. DTE Electric currently expects to make capital investments of $11.3 billion over the 2019-2023 period. DTE Gas’ total capital investments over the 2019-2023 period are estimated at $2.5 billion. The company plans to accelerate more than $450 million of main renewal capital over the next five years.
Other Key Picks
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , FirstEnergy Corporation (FE - Free Report) and Black Hills Corporation (BKH - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 13.83% in the last four quarters. The company’s long-term earnings growth is pegged at 3.80%
FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.
Black Hills delivered an average positive earnings surprise of 5.69% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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