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Here's Why DTE Energy (DTE) is a Great Momentum Stock to Buy
DTEDTE Energy(DTE) ZACKS·2025-04-24 17:00

Company Overview - DTE Energy currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - Over the past week, DTE shares have increased by 2.87%, outperforming the Zacks Utility - Electric Power industry, which rose by 2.63% [6] - In the last three months, DTE shares have risen by 15.78%, and over the past year, they are up 22.06%, while the S&P 500 has moved -11.93% and 7.36% respectively [7] Trading Volume - DTE's average 20-day trading volume is 1,569,428 shares, which serves as a price-to-volume baseline for assessing momentum [8] Earnings Outlook - In the past two months, 4 earnings estimates for DTE have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from 7.21to7.21 to 7.24 [10] - For the next fiscal year, there have also been 4 upward revisions and 1 downward revision in earnings estimates [10] Conclusion - Considering the positive price performance, trading volume, and favorable earnings outlook, DTE Energy is positioned as a promising momentum pick with a Momentum Score of B [12]