DTE Energy (DTE) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DTE shares.
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7 brokerages have issued twelve-month price targets for DTE Energy's stock. Their DTE share price forecasts range from $23.60 to $139.00. On average, they predict the company's share price to reach $76.82 in the next twelve months. This suggests that the stock has a possible downside of 31.4%.
View analysts price targets for DTE or view top-rated stocks among Wall Street analysts.

DTE Energy's stock was trading at $18.6380 at the beginning of 2023. Since then, DTE shares have increased by 500.9% and is now trading at $111.9950.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our DTE earnings forecast.

DTE Energy (NYSE:DTE) released its quarterly earnings data on Thursday, April, 27th. The utilities provider reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 6.15% and a trailing twelve-month return on equity of 10.59%. During the same period last year, the firm posted $2.31 earnings per share.
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DTE Energy announced a quarterly dividend on Thursday, May 4th. Stockholders 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 3.40%. The ex-dividend date of this dividend is Thursday, June 15th.
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), Timothy Plan Market Neutral ETF (TPMN), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN), Utilities Select Sector SPDR Fund (XLU), Invesco Zacks Mid-Cap ETF (CZA) and Fidelity MSCI Utilities Index ETF (FUTY).

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.48%. 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.

DTE Energy issued an update on its FY 2023 earnings guidance on Thursday, April, 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 -.

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

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.
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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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One share of DTE stock can currently be purchased for approximately $112.00.

DTE Energy (NYSE:DTE) has a market capitalization of $23.08 billion and generates $19.23 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.

The company employs 10,250 workers across the globe.

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.