DTE Energy Stock Price, News & Analysis (NYSE:DTE)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DTE shares.
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8 Wall Street analysts have issued 12 month price objectives for DTE Energy's shares. Their DTE share price targets range from $103.00 to $140.00. On average, they predict the company's stock price to reach $117.46 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
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DTE Energy's stock was trading at $117.53 at the beginning of 2023. Since then, DTE stock has decreased by 7.6% and is now trading at $108.61.
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DTE Energy saw a decrease in short interest in November. As of November 15th, there was short interest totaling 2,180,000 shares, a decrease of 21.6% from the October 31st total of 2,780,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is currently 1.5 days.
View DTE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our DTE earnings forecast.

DTE Energy (NYSE:DTE) announced its earnings results on Wednesday, November, 1st. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by $0.23. The utilities provider had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $3.96 billion. DTE Energy had a net margin of 8.99% and a trailing twelve-month return on equity of 9.85%. During the same quarter last year, the business earned $1.60 earnings per share.
Read the conference call transcript.

DTE Energy declared a quarterly dividend on Friday, December 8th. Shareholders of record on Monday, December 18th will be given a dividend of $1.02 per share on Monday, January 15th. This represents a $4.08 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from the stock's previous quarterly dividend of $0.95.
Read our dividend analysis for DTE.

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.55%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.98%. 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.

ETFs with the largest weight of DTE Energy (NYSE:DTE) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust EIP Carbon Impact ETF (ECLN), Utilities Select Sector SPDR Fund (XLU), Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Utilities ETF (VPU).

DTE Energy issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $5.65-5.85 for the period, compared to the consensus EPS estimate of $6.18.

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.

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).

DTE Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (2.49%), Invesco Ltd. (1.08%), Morgan Stanley (1.03%), Northern Trust Corp (0.93%), FMR LLC (0.87%) and Massachusetts Financial Services Co. MA (0.80%). 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.
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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.
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