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NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$113.00
+0.04 (+0.04%)
(As of 05/28/2024 ET)
Today's Range
$112.84
$114.05
50-Day Range
$103.21
$117.20
52-Week Range
$90.14
$117.44
Volume
879,107 shs
Average Volume
1.13 million shs
Market Capitalization
$23.38 billion
P/E Ratio
18.49
Dividend Yield
3.61%
Price Target
$116.30

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
2.9% Upside
$116.30 Price Target
Short Interest
Healthy
1.67% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
0.79mentions of DTE Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth
6.87%
From $6.70 to $7.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Utilities Sector

7th out of 93 stocks

Electric Services Industry

5th out of 43 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 various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to various residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air 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 1849 and is based in Detroit, Michigan.

DTE Stock Price History

DTE Stock News Headlines

DTE Energy Company JR SUB DB 2017 E (DTW)
Company News For May 9, 2024
Decoding DTE Energy Co (DTE): A Strategic SWOT Insight
Q1 2024 DTE Energy Co Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/15/2024
Dividend Payable
4/15/2024
Last Earnings
4/25/2024
Today
5/28/2024
Ex-Dividend for 7/15 Dividend
6/17/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Multi-Utilities
CUSIP
23333110
Employees
9,950
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$116.30
High Stock Price Target
$125.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
11.51%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$13.81 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
206,358,000
Market Cap
$23.38 billion
Optionable
Optionable
Beta
0.64

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DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

11 Wall Street analysts have issued 1 year target prices for DTE Energy's stock. Their DTE share price targets range from $106.00 to $125.00. On average, they expect the company's share price to reach $116.30 in the next year. This suggests a possible upside of 2.9% 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 2024?

DTE Energy's stock was trading at $110.26 on January 1st, 2024. Since then, DTE stock has increased by 2.5% and is now trading at $113.00.
View the best growth stocks for 2024 here
.

Are investors shorting DTE Energy?

DTE Energy saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,460,000 shares, an increase of 5.2% from the April 30th total of 3,290,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 3.1 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, July 25th 2024.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) released its earnings results on Thursday, April, 25th. The utilities provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.71 by $0.04. The utilities provider earned $3.24 billion during the quarter, compared to analysts' expectations of $3.81 billion. DTE Energy had a trailing twelve-month return on equity of 11.53% and a net margin of 10.36%.
Read the conference call transcript
.

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

DTE Energy announced a quarterly dividend on Thursday, May 2nd. Investors of record on Monday, June 17th will be given a dividend of $1.02 per share on Monday, July 15th. This represents a $4.08 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Monday, June 17th.
Read our dividend analysis for DTE
.

Is DTE Energy a good dividend stock?

DTE Energy (NYSE:DTE) pays an annual dividend of $4.08 per share and currently has a dividend yield of 3.61%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 56.98% 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 FY24 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of $6.54 to $6.83 for the period, compared to the consensus earnings per share estimate of $6.69.

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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.03%), Capital Research Global Investors (10.24%), Clearbridge Investments LLC (1.23%), Boston Partners (1.10%), Janus Henderson Group PLC (1.01%) and Bank of New York Mellon Corp (0.69%). Insiders that own company stock include Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Mark W Stiers, Matthew T Paul, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DTE) was last updated on 5/29/2024 by MarketBeat.com Staff

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