DTE Energy Holding Company (DTE): Today's Featured Utilities Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

DTE Energy Holding Company ( DTE) pushed the Utilities sector lower today making it today's featured Utilities laggard. The sector as a whole closed the day up 0.1%. By the end of trading, DTE Energy Holding Company fell 71 cents (-1.1%) to $66.81 on average volume. Throughout the day, 971,012 shares of DTE Energy Holding Company exchanged hands as compared to its average daily volume of 683,100 shares. The stock ranged in price between $66.61-$67.70 after having opened the day at $67.70 as compared to the previous trading day's close of $67.52. Other companies within the Utilities sector that declined today were: Huaneng Power International ( HNP), down 3.1%, Suburban Propane Partners ( SPH), down 2.7%, American DG Energy ( ADGE), down 2.6%, and Empresa Distribuidora y Comercializadora No ( EDN), down 2.5%.
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DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. DTE Energy Holding Company has a market cap of $11.57 billion and is part of the utilities industry. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 12.4% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate DTE Energy Holding Company a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates DTE Energy Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Fuelcell Energy ( FCEL), up 4.8%, Centrais Eletricas Brasileiras ( EBR), up 4.8%, Ocean Power Technologies ( OPTT), up 3.5%, and Summit Midstream Partners ( SMLP), up 3.5%, were all gainers within the utilities sector with FirstEnergy ( FE) being today's featured utilities sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

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