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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
New CBOE “special perk” helps traders target income every weekend (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
New CBOE “special perk” helps traders target income every weekend (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 

DTE Energy Stock Price, News & Analysis (NYSE:DTE)

$108.61
+1.39 (+1.30%)
(As of 12/8/2023 ET)
Compare
Today's Range
$106.90
$108.69
50-Day Range
$94.18
$108.61
52-Week Range
$90.14
$122.40
Volume
1.85 million shs
Average Volume
1.38 million shs
Market Capitalization
$22.40 billion
P/E Ratio
17.95
Dividend Yield
3.51%
Price Target
$117.46

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
8.1% Upside
$117.46 Price Target
Short Interest
Healthy
1.06% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.95
Upright™ Environmental Score
News Sentiment
0.76mentions of DTE Energy in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.65%
From $5.86 to $6.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.94 out of 5 stars

Utilities Sector

5th out of 86 stocks

Electric Services Industry

2nd out of 37 stocks


DTE stock logo

About DTE Energy Stock (NYSE:DTE)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is based in Detroit, Michigan.

DTE Stock Price History

DTE Stock News Headlines

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
DTE Energy sees higher profit in 2024
DTE Energy sets 2024 annual meeting date
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
DTE Energy schedules business update conference call
KeyCorp Comments on DTE Energy's FY2023 Earnings (NYSE:DTE)
A Look At The Fair Value Of DTE Energy Company (NYSE:DTE)
See More Headlines
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Company Calendar

Ex-Dividend for 10/15 Dividend
9/15/2023
Dividend Payable
10/15/2023
Last Earnings
11/01/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
23333110
Employees
10,250
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$117.46
High Stock Price Target
$140.00
Low Stock Price Target
$103.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$1.08 billion
Pretax Margin
9.97%

Debt

Sales & Book Value

Annual Sales
$13.83 billion
Cash Flow
$14.03 per share
Book Value
$53.69 per share

Miscellaneous

Free Float
205,785,000
Market Cap
$22.40 billion
Optionable
Optionable
Beta
0.65

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Should I Buy DTE Energy Stock? DTE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of DTE Energy was last updated on Tuesday, November 28, 2023 at 10:18 PM.

Pros

Here are some ways that investors could benefit from investing in DTE Energy:

  • DTE Energy has a net margin of 8.99%, indicating strong profitability.
  • The company is expected to post EPS of 5.88 for the current year, suggesting potential growth.
  • DTE Energy engages in utility operations, generating, purchasing, distributing, and selling electricity to millions of customers in southeastern Michigan. This provides a stable and reliable source of revenue.
  • The company generates electricity through various sources, including fossil-fuel, hydroelectric, nuclear, wind, and solar assets. This diversified energy portfolio reduces reliance on a single energy source and positions DTE Energy well for the transition to renewable energy.
  • Recent developments in the energy sector, such as the increasing focus on clean energy and sustainability, present growth opportunities for DTE Energy.

Cons

Investors should be bearish about investing in DTE Energy for these reasons:

  • There is no specific mention of the current stock price in the provided context information.
  • Investing in utility companies like DTE Energy may be subject to regulatory risks and government policies that could impact the company's operations and profitability.
  • The energy industry is highly competitive, and DTE Energy faces competition from other utility companies in its market.
  • Fluctuations in energy prices, such as natural gas and electricity, can impact the company's financial performance.
  • Investors should consider the potential impact of climate change and the transition to renewable energy on DTE Energy's long-term sustainability and profitability.














DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DTE shares.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price target for 2024?

8 Wall Street research analysts have issued 12-month price objectives for DTE Energy's stock. Their DTE share price targets range from $103.00 to $140.00. On average, they predict the company's stock price to reach $117.46 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for DTE
or view top-rated stocks among Wall Street analysts.

How have DTE shares performed in 2023?

DTE Energy's stock was trading at $117.53 on January 1st, 2023. Since then, DTE shares have decreased by 7.6% and is now trading at $108.61.
View the best growth stocks for 2023 here
.

Are investors shorting DTE Energy?

DTE Energy saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,180,000 shares, a decline of 21.6% from the October 31st total of 2,780,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is presently 1.5 days.
View DTE Energy's Short Interest
.

When is DTE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its quarterly earnings results on Wednesday, November, 1st. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by $0.23. The utilities provider earned $2.89 billion during the quarter, compared to the consensus estimate of $3.96 billion. DTE Energy had a trailing twelve-month return on equity of 9.85% and a net margin of 8.99%. During the same period in the previous year, the company posted $1.60 earnings per share.
Read the conference call transcript
.

How often does DTE Energy pay dividends? What is the dividend yield for DTE Energy?

DTE Energy declared a quarterly dividend on Thursday, June 22nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.952 per share on Sunday, October 15th. This represents a $3.81 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, September 15th.
Read our dividend analysis for DTE
.

Is DTE Energy a good dividend stock?

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.52%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 57.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

What guidance has DTE Energy issued on next quarter's earnings?

DTE Energy issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $5.65-5.85 for the period, compared to the consensus EPS estimate of $6.18.

What is Jerry Norcia's approval rating as DTE Energy's CEO?

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.

What other stocks do shareholders of DTE Energy own?

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).

Who are DTE Energy's major shareholders?

DTE Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Ameriprise Financial Inc. (2.49%), Invesco Ltd. (1.08%), Morgan Stanley (1.03%), Northern Trust Corp (0.93%), FMR LLC (0.87%) and Massachusetts Financial Services Co. MA (0.80%). 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
.

How do I buy shares of DTE Energy?

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.
Compare Top Brokerages Here.

This page (NYSE:DTE) was last updated on 12/9/2023 by MarketBeat.com Staff

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