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DOW   37,986.40
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North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$108.57
+2.09 (+1.96%)
(As of 04/19/2024 ET)
Today's Range
$106.80
$108.75
50-Day Range
$103.21
$112.95
52-Week Range
$90.14
$116.73
Volume
999,436 shs
Average Volume
1.16 million shs
Market Capitalization
$22.47 billion
P/E Ratio
16.06
Dividend Yield
3.76%
Price Target
$114.56

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
5.5% Upside
$114.56 Price Target
Short Interest
Healthy
1.66% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
0.98mentions 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
7.30%
From $6.71 to $7.20 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.

4.54 out of 5 stars

Utilities Sector

15th out of 89 stocks

Electric Services Industry

7th out of 40 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

Double your money before lunch?
Unlike bacterial infections, viral infections can be difficult to treat with medicine. Usually, if you've got a virus, your doctor's best advice is to simply rest and allow your immune system to fight back. Antiviral medications prevent viruses from reproducing, but they can't actually stop the virus. However, scientists may have just found a new way to fight back.
DTE Energy (DTE) to Release Quarterly Earnings on Thursday
Double your money before lunch?
Unlike bacterial infections, viral infections can be difficult to treat with medicine. Usually, if you've got a virus, your doctor's best advice is to simply rest and allow your immune system to fight back. Antiviral medications prevent viruses from reproducing, but they can't actually stop the virus. However, scientists may have just found a new way to fight back.
DTE Energy (DTE) Gets a Buy from Barclays
Fire reported at DTE substation in downtown Detroit
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 4/15 Dividend
3/15/2024
Dividend Payable
4/15/2024
Today
4/21/2024
Next Earnings (Confirmed)
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
$114.56
High Stock Price Target
$124.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
12.29%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$14.08 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
205,663,000
Market Cap
$22.47 billion
Optionable
Optionable
Beta
0.64

Social Links

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

Pros

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

  • DTE Energy Company engages in utility operations, providing a stable and essential service that is in demand regardless of economic conditions.
  • Recent optimization of contracted natural gas pipeline transportation and storage positions can lead to cost savings and improved operational efficiency.
  • Strong historical performance and longevity in the industry since its founding in 1849, indicating a track record of stability and resilience.
  • Continued growth in the Electric segment, with ongoing investments in infrastructure and technology to meet increasing energy demands.
  • Current stock price is favorable for potential investors, offering an attractive entry point for those looking to capitalize on future growth.

Cons

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

  • Deutsche Telekom AG, not related to DTE Energy, provides integrated telecommunication services and may cause confusion for investors looking for information on DTE Energy.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these DTE Energy pros and cons to contact@marketbeat.com.

DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 4 hold ratings and 6 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?

10 brokers have issued 12 month price objectives for DTE Energy's shares. Their DTE share price targets range from $106.00 to $124.00. On average, they predict the company's stock price to reach $114.56 in the next year. This suggests a possible upside of 5.5% 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 the year. Since then, DTE shares have decreased by 1.5% and is now trading at $108.57.
View the best growth stocks for 2024 here
.

Are investors shorting DTE Energy?

DTE Energy saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,230,000 shares, an increase of 13.7% from the February 29th total of 2,840,000 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is currently 2.8 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 can I listen to DTE Energy's earnings call?

DTE Energy will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its quarterly earnings results on Thursday, February, 8th. The utilities provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.01. The utilities provider had revenue of $3.39 billion for the quarter, compared to the consensus estimate 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 period in the previous 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 declared a quarterly dividend on Thursday, February 1st. Investors of record on Monday, March 18th will be paid a dividend of $1.02 per share on Monday, April 15th. This represents a $4.08 annualized dividend and a yield of 3.76%. The ex-dividend date 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 3.76%. 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 56.67% 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 Wednesday, April, 3rd. The company provided earnings per share (EPS) guidance of $6.54-6.83 for the period, compared to the consensus 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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.24%), Allspring Global Investments Holdings LLC (0.08%), Leeward Investments LLC MA (0.06%), Global Assets Advisory LLC (0.05%), State of Michigan Retirement System (0.03%) and Hennessy Advisors Inc. (0.03%). 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 4/21/2024 by MarketBeat.com Staff

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