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%.
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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