Is DTE Energy (DTE) Stock Outpacing Its Utilities Peers This Year?

Company Performance - DTE Energy has gained approximately 12.8% year-to-date, outperforming the average Utilities sector gain of about 5.6% [4] - The Zacks Consensus Estimate for DTE's full-year earnings has increased by 0.3% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [3] Industry Comparison - DTE Energy belongs to the Utility - Electric Power industry, which includes 60 stocks and currently ranks 34 in the Zacks Industry Rank, with an average gain of 6.3% year-to-date [5] - In contrast, New Jersey Resources, which belongs to the Utility - Gas Distribution industry, has a lower industry rank of 63 and has seen a decline of 2.9% year-to-date [6] Zacks Rank - DTE Energy holds a Zacks Rank of 2 (Buy), suggesting it is positioned to outperform the market in the near term [3] - New Jersey Resources also has a Zacks Rank of 2 (Buy), with a consensus EPS estimate increase of 1.6% over the past three months [5]