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F   12.46 (+2.89%)
MU   69.22 (+0.19%)
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GE   105.98 (+1.25%)
DIS   90.60 (+2.27%)
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NYSE:DTE

DTE Energy (DTE) Stock Forecast, Price & News

$108.80
+1.54 (+1.44%)
(As of 11:39 AM ET)
Compare
Today's Range
$106.23
$108.90
50-Day Range
$21.25
$114.81
52-Week Range
$100.64
$136.77
Volume
274,269 shs
Average Volume
1.16 million shs
Market Capitalization
$22.42 billion
P/E Ratio
19.26
Dividend Yield
3.50%
Price Target
$70.94

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
34.7% Downside
$70.94 Price Target
Short Interest
Healthy
0.89% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.87
Upright™ Environmental Score
News Sentiment
0.57mentions of DTE Energy in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$452,360 Sold Last Quarter
Proj. Earnings Growth
7.61%
From $6.18 to $6.65 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Utilities Sector

73rd out of 166 stocks

Electric Services Industry

37th out of 80 stocks


DTE stock logo

About DTE Energy (NYSE:DTE) Stock

DTE Energy Co. operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. The Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan, and the sale of storage and transportation capacity. The DTE Vantage segment focuses on projects that deliver energy and utility-type products and services to industrial, commercial, and institutional customers, produce reduced emissions fuel, and sell electricity and pipeline-quality gas from renewable energy projects. The Energy Trading segment covers energy marketing and trading operations. The Corporate and Other segment includes various holding company activities, holds certain non-utility debt, and holds certain investments, as well as funds supporting regional development

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DTE Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
Editorial: Move power lines underground
DAX 40: Deutsche Telekom and Infineon Report Earnings
StockNews.com Begins Coverage on DTE Energy (NYSE:DTE)
KeyCorp Weighs in on DTE Energy's FY2026 Earnings (NYSE:DTE)
NI vs. DTE: Which Stock Is the Better Value Option?
DTE Energy (NYSE:DTE) SVP Sells $452,360.00 in Stock
See More Headlines

DTE Price History

DTE Company Calendar

Ex-Dividend for 4/15 Dividend
3/17/2023
Dividend Payable
4/15/2023
Last Earnings
4/27/2023
Today
6/02/2023
Ex-Dividend for 7/15 Dividend
6/15/2023
Dividend Payable
7/15/2023
Next Earnings (Estimated)
7/27/2023
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
$70.94
High Stock Price Forecast
$139.00
Low Stock Price Forecast
$23.60
Forecasted Upside/Downside
-33.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$1.08 billion
Pretax Margin
6.49%

Debt

Sales & Book Value

Annual Sales
$18.43 billion
Cash Flow
$14.08 per share
Book Value
$51.65 per share

Miscellaneous

Free Float
204,852,000
Market Cap
$22.11 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives

  • Jerry Norcia
    Chairman, President & Chief Executive Officer
  • David Ruud
    Chief Financial Officer & Senior Vice President
  • Steven B. Ambrose
    Chief Information Officer & Vice President
  • Robert A. RichardRobert A. Richard
    Executive Vice President-IT & Customer Service
  • JoAnn ChavezJoAnn Chavez
    Chief Legal Officer & Senior Vice President













DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DTE shares.
View DTE analyst ratings
or view top-rated stocks.

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

6 analysts have issued 12-month price targets 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 $70.94 in the next twelve months. This suggests that the stock has a possible downside of 33.9%.
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 $18.6380 at the beginning of 2023. Since then, DTE shares have increased by 475.6% and is now trading at $107.2750.
View the best growth stocks for 2023 here
.

When is DTE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its earnings results on Thursday, April, 27th. The utilities provider reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.38 by $0.05. The utilities provider had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.79 billion. DTE Energy had a trailing twelve-month return on equity of 10.59% and a net margin of 6.15%. During the same period last year, the firm earned $2.31 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, May 4th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.9525 per share on Saturday, July 15th. This represents a $3.81 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Thursday, June 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 3.58%. 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 67.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 57.29% 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, April, 27th. The company provided EPS guidance of $6.09-$6.40 for the period, compared to the consensus EPS 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.39%), State Street Corp (4.75%), Geode Capital Management LLC (1.94%), Neuberger Berman Group LLC (1.68%), Ameriprise Financial Inc. (1.44%) and Price T Rowe Associates Inc. MD (1.32%). 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 $107.28.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $22.11 billion and generates $18.43 billion in revenue each year. The utilities provider earns $1.08 billion in net income (profit) each year or $5.65 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 6/2/2023 by MarketBeat.com Staff

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