Based on the provided data and recent news, here's a direct analysis of DTE stock:
Technical Analysis
DTE is currently trading at $122.71, showing minimal movement with a +0.01% change in regular market hours. The stock is trading above its 20-day moving average of $120.66, suggesting a slightly bullish short-term trend.
Recent News & Events
DTE Energy recently announced its quarterly dividend of $1.09 per share, payable on April 15, 2025, to shareholders of record as of March 17, 2025. The company is scheduled to release its full year 2024 earnings before market opens on February 13, 2025.
Analyst Sentiment
Recent analyst actions show mixed but generally positive sentiment:
- Scotiabank maintained Buy rating with increased price target from $137 to $147 (21.71% upside)
- UBS upgraded from Hold to Strong Buy with $143 price target (17.63% upside)
- Morgan Stanley maintained Buy rating with $128 price target
- Keybanc downgraded from Buy to Hold
Market Context
A recent report indicates DTE is among utilities with relatively fewer AI expectations built into valuations, trading below 18x earnings with an average yield of about 3.7%. The company is considered less affected by recent AI-related market fluctuations compared to independent power producers.
Recommendation
SELL. While DTE offers an attractive dividend yield and has stable utility operations, the stock is currently facing technical resistance around the $122-123 level. With earnings coming up this week and the stock trading near recent highs, taking profits at current levels would be prudent. The risk-reward ratio appears unfavorable for new entries at this price point.