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DTE Energy (DTE) Stock Forecast, Price & News

$98.63
-1.91 (-1.90%)
(As of 09/28/2023 ET)
Compare
Today's Range
$98.59
$101.34
50-Day Range
$100.54
$115.87
52-Week Range
$98.58
$122.81
Volume
1.74 million shs
Average Volume
1.22 million shs
Market Capitalization
$20.34 billion
P/E Ratio
15.34
Dividend Yield
3.86%
Price Target
$123.21

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
24.9% Upside
$123.21 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.20
Upright™ Environmental Score
News Sentiment
0.59mentions of DTE Energy in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$283,825 Sold Last Quarter
Proj. Earnings Growth
7.41%
From $6.21 to $6.67 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Utilities Sector

23rd out of 86 stocks

Electric Services Industry

10th out of 42 stocks


DTE stock logo

About DTE Energy (NYSE:DTE) Stock

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 Price History

DTE Stock News Headlines

The Top 4 Utilities for Value, Yield, and Upside Potential (DTE)
The utility sector will be among the fastest growing in Q3 2023, and these 4 stocks are in the best position to deliver capital appreciation and high yield
Q3 2023 EPS Estimates for DTE Energy Increased by Analyst (NYSE:DTE)
Experts: "NVIDIA Bubble" Could Affect Entire Market
Several major analysts are warning that NVIDIA and other tech giants may have gotten “too big to succeed”.
The Latest Analyst Ratings for DTE Energy
Short Interest in DTE Energy (NYSE:DTE) Grows By 7.7%
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
DSO to host four free community concerts this weekend
Unraveling the Dividend Story of DTE Energy Co
Scotiabank Keeps Their Buy Rating on Dominion Energy (D)
DTE Energy Co. 5.25% Jr. Sub. Deb. 2077
See More Headlines
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DTE Company Calendar

Ex-Dividend for 7/15 Dividend
6/15/2023
Dividend Payable
7/15/2023
Last Earnings
7/27/2023
Ex-Dividend for 10/15 Dividend
9/15/2023
Today
9/28/2023
Dividend Payable
10/15/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

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 Forecast
$123.21
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$103.00
Forecasted Upside/Downside
+24.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$1.08 billion
Pretax Margin
8.75%

Debt

Sales & Book Value

Annual Sales
$19.23 billion
Cash Flow
$13.58 per share
Book Value
$53.69 per share

Miscellaneous

Free Float
204,918,000
Market Cap
$20.46 billion
Optionable
Optionable
Beta
0.61

Social Links

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Key Executives

  • Mr. Gerardo Norcia (Age 60)
    CEO & Chairman
    Comp: $3.41M
  • Mr. Trevor F. LauerMr. Trevor F. Lauer (Age 59)
    Vice Chairman & Group Pres
    Comp: $1.23M
  • Mr. David S. Ruud (Age 57)
    Exec. VP & CFO
    Comp: $1.28M
  • Ms. JoAnn  ChavezMs. JoAnn Chavez (Age 59)
    Sr. VP & Chief Legal Officer
    Comp: $1.13M
  • Mr. Mark W. Stiers (Age 61)
    Pres of DTE Vantage & Energy Trading
    Comp: $1.26M
  • Ms. Joi M. HarrisMs. Joi M. Harris (Age 53)
    Pres & COO
  • Mr. Mark C. RollingMr. Mark C. Rolling (Age 55)
    VP of Fin., Controller & Chief Accounting Officer
  • Mr. Steven B. Ambrose
    Chief Information Officer and VP
  • Ms. Barbara Tuckfield
    Director - Investor Relations
  • Ms. Paula Silver
    Sr. VP of Corp. Communications & Public Affairs













DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. 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.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price forecast for 2023?

7 equities research analysts have issued 12 month price objectives for DTE Energy's stock. Their DTE share price forecasts range from $103.00 to $140.00. On average, they anticipate the company's stock price to reach $123.21 in the next year. This suggests a possible upside of 24.1% 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 at the start of the year. Since then, DTE stock has decreased by 15.6% and is now trading at $99.25.
View the best growth stocks for 2023 here
.

Are investors shorting DTE Energy?

DTE Energy saw a increase in short interest in the month of 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 daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 2.5 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, October 26th 2023.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The utilities provider had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $4.04 billion. DTE Energy had a trailing twelve-month return on equity of 10.44% and a net margin of 8.02%. During the same period in the previous year, the business earned $0.88 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 announced 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 dividend yield of 3.84%. The ex-dividend date of this dividend 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 3.73%. 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.

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

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 estimate of $6.22. The company issued revenue guidance of -.

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).

What is DTE Energy's stock symbol?

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

Who are DTE Energy's major shareholders?

DTE Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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
.

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.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $99.25.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $20.46 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.

How many employees does DTE Energy have?

The company employs 10,250 workers across the globe.

How can I contact DTE Energy?

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.

This page (NYSE:DTE) was last updated on 9/28/2023 by MarketBeat.com Staff

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