Wait for the DTE Energy Correction Before Jumping In
DTEDTE Energy(DTE) Gurufocus·2024-09-05 21:01

Shares of electric and gas utility provider DTE Energy Co. (DTE, Financial) have shown upward momentum over the past year. The stock has climbed by double digits year to date due to rising recessionary concerns in the U.S., pushing it close to its highest levels in nearly a decade. However, all indications suggest the stock has run too far, offering little upside potential at current prices. Therefore, it is best to wait for the anticipated correction before loading up on this reliable income stock. DTE Ene ...