DTE Energy saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
DTE Energy is currently forming a flat base, with a 140.39 entry. Look for the stock to break out in volume at least 40% above average.
One weak spot is the company's 70 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 26% earnings growth. Top line growth increased 37%, up from 1% in the prior quarter. That marks one quarter of increasing revenue gains.
DTE Energy earns the No. 3 rank among its peers in the Utility-Diversified industry group. Ameren is the No. 1-ranked stock within the group.
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