S&P 500   5,137.08
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
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Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$108.11
-0.24 (-0.22%)
(As of 03/1/2024 ET)
Today's Range
$106.12
$108.31
50-Day Range
$102.36
$111.76
52-Week Range
$90.14
$116.73
Volume
1.32 million shs
Average Volume
1.21 million shs
Market Capitalization
$22.32 billion
P/E Ratio
15.99
Dividend Yield
3.77%
Price Target
$114.33

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.8% Upside
$114.33 Price Target
Short Interest
Healthy
1.30% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.72
Upright™ Environmental Score
News Sentiment
0.52mentions of DTE Energy in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$2.17 M Sold Last Quarter
Proj. Earnings Growth
7.16%
From $6.70 to $7.18 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.

4.83 out of 5 stars

Utilities Sector

8th out of 87 stocks

Electric Services Industry

4th out of 41 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

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.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
DTE Energy (NYSE:DTE) CAO Sells $64,224.00 in Stock
Joann Chavez Sells 6,070 Shares of DTE Energy (NYSE:DTE) Stock
Lisa A. Muschong Sells 2,775 Shares of DTE Energy (NYSE:DTE) Stock
Q4 2023 DTE Energy Co Earnings Call
DTE Energy (DTE) Q4 Earnings Meet Estimates, Increase Y/Y
See More Headlines
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Company Calendar

Ex-Dividend for 1/15 Dividend
12/15/2023
Dividend Payable
1/15/2024
Last Earnings
2/08/2024
Today
3/03/2024
Ex-Dividend for 4/15 Dividend
3/15/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/25/2024
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
$114.33
High Stock Price Target
$124.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+5.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
12.29%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$13.81 per share
Book Value
$53.55 per share

Miscellaneous

Free Float
205,194,000
Market Cap
$22.32 billion
Optionable
Optionable
Beta
0.64

Social Links

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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 Saturday, March 2, 2024 at 11:14 PM.

Pros

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

  • DTE Energy Company engages in utility operations, providing stable revenue streams.
  • Strong financial performance with consistent net income and annual revenue growth.
  • Attractive dividend yield for income-seeking investors.
  • Low P/E ratio compared to industry peers, indicating potential undervaluation.
  • Positive return on equity and net margins, showcasing efficient operations.

Cons

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

  • Market cap may limit growth potential compared to larger competitors.
  • Debt-to-equity ratio is higher than industry average, indicating higher financial leverage.
  • Consensus price target suggests limited upside potential in the short term.
  • Recent underperform ratings from analysts may signal challenges ahead.
  • Negative news sentiment score could impact stock performance in the near future.














DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 3 hold ratings 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 target for 2024?

9 brokers have issued 12-month price targets for DTE Energy's stock. Their DTE share price targets range from $106.00 to $124.00. On average, they anticipate the company's stock price to reach $114.33 in the next year. This suggests a possible upside of 5.8% 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 at the beginning of 2024. Since then, DTE shares have decreased by 1.9% and is now trading at $108.11.
View the best growth stocks for 2024 here
.

Are investors shorting DTE Energy?

DTE Energy saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,690,000 shares, an increase of 14.0% from the January 31st total of 2,360,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 2.2 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, April 25th 2024.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) announced its earnings results on Thursday, February, 8th. The utilities provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.01. The utilities provider earned $3.39 billion during the quarter, compared to analyst estimates of $4.97 billion. DTE Energy had a net margin of 10.96% and a trailing twelve-month return on equity of 11.00%. During the same quarter last year, the company posted $1.31 EPS.
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, February 1st. Stockholders of record on Monday, March 18th will be given a dividend of $1.02 per share on Monday, April 15th. This represents a $4.08 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, March 15th.
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 3.77%. 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 60.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 56.82% 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 FY24 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of $6.54-6.83 for the period, compared to the consensus estimate of $6.67.

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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.14%), Capital Research Global Investors (10.14%), Neuberger Berman Group LLC (2.28%), Boston Partners (1.23%), Franklin Resources Inc. (1.02%) and Northern Trust Corp (0.93%). Insiders that own company stock include Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, 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 3/3/2024 by MarketBeat.com Staff