Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
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 is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 0.7% over the past one week and up 1% over the past four weeks. DTE has gained 16.3% in the last one-year period as well. Looking at trading volume, an average of 1,033,968.13 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For DTE, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $6.78 per share for 2024. DTE boasts an average earnings surprise of 8.9%.
Investors should take the time to consider DTE for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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DTE Energy Company (DTE) : Free Stock Analysis Report
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