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Is DTE Energy (DTE) Outperforming Other Utilities Stocks This Year?
MDU Resources MDU Resources (US:MDU) zacks.comยท2024-05-29 14:46

Company Overview - DTE Energy is part of the Utilities sector, which includes 106 individual stocks and currently holds a Zacks Sector Rank of 8 among 16 groups [2] - DTE Energy has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] Performance Analysis - Year-to-date, DTE Energy has moved about 2.5%, outperforming the Utilities sector's average return of 1.9% [4] - In comparison, MDU Resources, another Utilities stock, has significantly outperformed with a year-to-date return of 27.4% [4] - DTE Energy belongs to the Utility - Electric Power industry, which includes 59 companies and currently ranks 91 in the Zacks Industry Rank, with an average gain of 3.3% this year [5] Industry Context - The Utility - Gas Distribution industry, where MDU Resources is categorized, has 14 stocks and is ranked 85, with a year-to-date return of +1.3% [6] - Investors should monitor both DTE Energy and MDU Resources for potential continued strong performance in the Utilities sector [6]