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

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 was unchanged today. By the end of trading, DTE Energy Holding Company fell 87 cents (-1.3%) to $68.58 on average volume. Throughout the day, 956,438 shares of DTE Energy Holding Company exchanged hands as compared to its average daily volume of 776,300 shares. The stock ranged in price between $68.54-$69.50 after having opened the day at $69.43 as compared to the previous trading day's close of $69.45. Other companies within the Utilities sector that declined today were: GreenHunter Energy ( GRH), down 5.1%, Transportadora de Gas del Sur ( TGS), down 4.7%, Cadiz ( CDZI), down 3.9%, and Artesian Resource Corporation ( ARTNA), down 2.6%.
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DTE Energy Company, together with its subsidiaries, operates as an energy company. The company's Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. DTE Energy Holding Company has a market cap of $11.92 billion and is part of the utilities industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Monday. Currently there are two analysts that rate DTE Energy Holding Company a buy, no analysts rate it a sell, and five 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, Southcross Energy Partners ( SXE), up 6%, Clean Energy Fuels Corporation ( CLNE), up 4.7%, Summit Midstream Partners ( SMLP), up 3.4%, and PVR Partners ( PVR), up 2.9%, were all gainers within the utilities sector with Dynegy ( DYN) 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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