DTE Energy (DTE) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DTE shares.
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7 Wall Street analysts have issued twelve-month target prices for DTE Energy's stock. Their DTE share price forecasts range from $23.60 to $139.00. On average, they expect the company's share price to reach $87.26 in the next year. This suggests that the stock has a possible downside of 13.5%.
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DTE Energy's stock was trading at $117.53 on January 1st, 2023. Since then, DTE shares have decreased by 14.2% and is now trading at $100.82.
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DTE Energy saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,830,000 shares, an increase of 34.8% from the August 31st total of 2,100,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our DTE earnings forecast.

DTE Energy (NYSE:DTE) issued its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.10. The utilities provider earned $2.68 billion during the quarter, compared to analysts' expectations of $4.04 billion. DTE Energy had a net margin of 8.02% and a trailing twelve-month return on equity of 10.44%. During the same quarter in the prior year, the firm earned $0.88 earnings per share.
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DTE Energy declared a quarterly dividend on Thursday, June 22nd. Shareholders of record on Monday, September 18th will be paid a dividend of $0.952 per share on Sunday, October 15th. This represents a $3.81 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, September 15th.
Read our dividend analysis for DTE.

ETFs with the largest weight of DTE Energy (NYSE:DTE) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust EIP Carbon Impact ETF (ECLN), Utilities Select Sector SPDR Fund (XLU), Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Utilities ETF (VPU).

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.61%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 57.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

DTE Energy updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $6.09-$6.40 for the period, compared to the consensus earnings per share estimate of $6.22. The company issued revenue guidance of -.

40 employees have rated DTE Energy Chief Executive Officer Jerry Norcia on Glassdoor.com. Jerry Norcia has an approval rating of 97% among the company's employees. This puts Jerry Norcia in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other DTE Energy investors own include AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Procter & Gamble (PG), Boeing (BA) and Walt Disney (DIS).

DTE Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTE."

DTE Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.30%), Capital Research Global Investors (8.46%), State Street Corp (4.98%), Geode Capital Management LLC (2.10%), Franklin Resources Inc. (1.02%) and Northern Trust Corp (0.92%). Insiders that own company stock include David A Thomas, Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Mark C Rolling, Robert A Richard, Tracy J Myrick and Trevor F Lauer.
View institutional ownership trends.

Shares of DTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DTE stock can currently be purchased for approximately $100.82.

DTE Energy (NYSE:DTE) has a market capitalization of $20.79 billion and generates $19.23 billion in revenue each year. The utilities provider earns $1.08 billion in net income (profit) each year or $6.43 on an earnings per share basis.

The company employs 10,250 workers across the globe.

DTE Energy's mailing address is One Energy Plaza, Detroit MI, 48226. The official website for the company is www.dteenergy.com. The utilities provider can be reached via phone at (313) 235-4000, via email at investor_relations@dteenergy.com, or via fax at 313-235-6743.