Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated Dividend DTE Energy Stock Price, News & Analysis (NYSE:DTE) $107.21 -0.12 (-0.11%) (As of 12/7/2023 ET) Add Compare Share Share Today's Range$106.61▼$107.9750-Day Range$94.18▼$108.3852-Week Range$90.14▼$122.40Volume1.40 million shsAverage Volume1.30 million shsMarket Capitalization$22.11 billionP/E Ratio17.72Dividend Yield3.55%Price Target$118.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability DTE Energy MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.89 Rating ScoreUpside/Downside9.6% Upside$117.46 Price TargetShort InterestHealthy1.06% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.95Upright™ Environmental ScoreNews Sentiment0.79Based on 27 Articles This WeekInsider TradingN/AProj. Earnings Growth13.65%From $5.86 to $6.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsUtilities Sector4th out of 86 stocksElectric Services Industry2nd out of 36 stocks 2.4 Analyst's Opinion Consensus RatingDTE Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $117.46, DTE Energy has a forecasted upside of 9.6% from its current price of $107.21.Amount of Analyst CoverageDTE Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.06% of the outstanding shares of DTE Energy have been sold short.Short Interest Ratio / Days to CoverDTE Energy has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in DTE Energy has recently decreased by 21.58%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipDTE Energy is a leading dividend payer. It pays a dividend yield of 3.52%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthDTE Energy has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of DTE Energy is 62.98%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, DTE Energy will have a dividend payout ratio of 57.21% next year. This indicates that DTE Energy will be able to sustain or increase its dividend. Previous Next 1.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreDTE Energy has received a -14.45% net impact score from Upright. The largest negative impact of DTE Energy in category "GHG emissions" seems to be driven mostly by its "Electricity trade", "Electricity produced with coal", and "Electricity produced with natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for DTE Energy is -5.95. Previous Next 3.8 News and Social Media Coverage News SentimentDTE Energy has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 27 news articles for DTE Energy this week, compared to 8 articles on an average week.Search Interest13 people have searched for DTE on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.MarketBeat Follows12 people have added DTE Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 71% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, DTE Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.23% of the stock of DTE Energy is held by insiders.Percentage Held by Institutions74.72% of the stock of DTE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for DTE Energy are expected to grow by 13.65% in the coming year, from $5.86 to $6.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DTE Energy is 17.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.Price to Earnings Ratio vs. SectorThe P/E ratio of DTE Energy is 17.72, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 105.96.Price to Earnings Growth RatioDTE Energy has a PEG Ratio of 3.08. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioDTE Energy has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as 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 1903 and is based in Detroit, Michigan.Read More DTE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DTE Stock News HeadlinesDecember 6, 2023 | finance.yahoo.comDTE Energy sets 2024 annual meeting dateDecember 5, 2023 | msn.comDTE rate increase approved as Whitmer promises lower energy costsDecember 8, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.December 5, 2023 | americanbankingnews.comDTE Energy (NYSE:DTE) Price Target Increased to $111.00 by Analysts at BMO Capital MarketsDecember 5, 2023 | americanbankingnews.comDTE Energy (NYSE:DTE) Price Target Raised to $116.00 at Evercore ISIDecember 5, 2023 | americanbankingnews.comDTE Energy (NYSE:DTE) Receives Average Rating of "Moderate Buy" from BrokeragesDecember 4, 2023 | finance.yahoo.comDTE Energy schedules business update conference callDecember 4, 2023 | americanbankingnews.comKeyCorp Research Analysts Reduce Earnings Estimates for DTE Energy (NYSE:DTE)December 8, 2023 | Edge On The Street (Ad)The Battery Metal Nobody Told You AboutAccording to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech." December 2, 2023 | americanbankingnews.comKeyCorp Comments on DTE Energy's FY2023 Earnings (NYSE:DTE)December 1, 2023 | msn.comDTE wins $368M rate increase from Michigan utility regulatorDecember 1, 2023 | msn.comAverage DTE customer to pay $6.51 more per month under rate increaseDecember 1, 2023 | finance.yahoo.comMichigan Public Service Commission ruling supports DTE investments in a more reliable electric grid and the transition to cleaner energyDecember 1, 2023 | detroitnews.comMichigan utility regulators approve electricity rate hike for DTE Energy customersDecember 1, 2023 | finance.yahoo.comDTE Energy (DTE) Up 5.4% Since Last Earnings Report: Can It Continue?November 30, 2023 | finance.yahoo.comDTE Energy Company: COP28 Highlights U.S. Utilities' Clean Energy Growth PotentialNovember 22, 2023 | finance.yahoo.comDTE Energy Company: DTE Energy: Constructive Regulation Key To Boosting GrowthNovember 22, 2023 | msn.comDemocrats' clean energy legislation sets up battle over local land use controlNovember 21, 2023 | msn.comPlanned DTE Energy power outage in part of Oakland County scheduled for WednesdayNovember 21, 2023 | msn.com‘Outrageous’: DTE, Consumers enjoy close relationship with state panel that regulates themNovember 21, 2023 | finance.yahoo.comA Look At The Fair Value Of DTE Energy Company (NYSE:DTE)November 20, 2023 | msn.comDTE representative discusses solar panel project in Presque Isle CountyNovember 17, 2023 | finance.yahoo.comDTE Energy reduces customers' bills by passing on $300 million savings in fuel and transportation costsNovember 16, 2023 | finance.yahoo.comDTE Energy Company: DTE's Growth Could Get Boost From New Michigan Clean Energy LegislationNovember 15, 2023 | finance.yahoo.comPPL or DTE: Which Is the Better Value Stock Right Now?November 13, 2023 | msn.comMichigan’s New Clean Energy Bill Signals a “Huge Shift”November 10, 2023 | finance.yahoo.comHawaiian Electric (HE) Q3 Earnings Meet Estimates, Revenues FallSee More Headlines Receive DTE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DTE Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 10/15 Dividend9/15/2023Dividend Payable10/15/2023Last Earnings11/01/2023Today12/07/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/22/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryMulti-Utilities SectorUtilities Current SymbolNYSE:DTE CUSIP23333110 CIK936340 Webwww.dteenergy.com Phone(313) 235-4000Fax313-235-6743Employees10,250Year Founded1995Price Target and Rating Average Stock Price Target$118.00 High Stock Price Target$140.00 Low Stock Price Target$103.00 Potential Upside/Downside+10.1%Consensus RatingModerate Buy Rating Score (0-4)2.89 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$6.05 Trailing P/E Ratio17.72 Forward P/E Ratio18.30 P/E Growth3.08Net Income$1.08 billion Net Margins8.99% Pretax Margin9.97% Return on Equity9.85% Return on Assets2.43% Debt Debt-to-Equity Ratio1.71 Current Ratio0.85 Quick Ratio0.57 Sales & Book Value Annual Sales$13.83 billion Price / Sales1.60 Cash Flow$13.85 per share Price / Cash Flow7.74 Book Value$53.69 per share Price / Book2.00Miscellaneous Outstanding Shares206,259,000Free Float205,785,000Market Cap$22.11 billion OptionableOptionable Beta0.65 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Gerardo Norcia (Age 60)CEO & Chairman Comp: $3.41MMr. Trevor F. Lauer (Age 59)Vice Chairman & Group President Comp: $1.23MMr. David S. Ruud (Age 57)Executive VP & CFO Comp: $1.28MMs. JoAnn Chavez (Age 59)Senior VP & Chief Legal Officer Comp: $1.13MMr. Mark W. Stiers (Age 61)President of DTE Vantage & Energy Trading Comp: $1.26MMs. Joi M. Harris (Age 53)President & COO Mr. Mark C. Rolling (Age 55)VP of Finance, Controller & Chief Accounting Officer Mr. Steven B. AmbroseChief Information Officer and Vice PresidentMs. Barbara TuckfieldDirector - Investor RelationsMs. Paula SilverSenior Vice President of Corporate Communications, Corporate Citizenship & DTE FoundationMore ExecutivesKey CompetitorsCenterPoint EnergyNYSE:CNPDominion EnergyNYSE:DFirstEnergyNYSE:FEEntergyNYSE:ETREversource EnergyNYSE:ESView All CompetitorsInsiders & InstitutionsAmerican Century Companies Inc.Bought 69,306 shares on 11/30/2023Ownership: 0.055%ASB Consultores LLCBought 114 shares on 11/28/2023Ownership: 0.001%Deutsche Bank AGBought 37,733 shares on 11/24/2023Ownership: 0.131%Public Sector Pension Investment BoardBought 2,806 shares on 11/22/2023Ownership: 0.023%Walleye Capital LLCBought 11,200 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 Tuesday, November 28, 2023 at 10:18 PM. Pros Here are some ways that investors could benefit from investing in DTE Energy: DTE Energy has a net margin of 8.99%, indicating strong profitability. The company is expected to post EPS of 5.88 for the current year, suggesting potential growth. DTE Energy engages in utility operations, generating, purchasing, distributing, and selling electricity to millions of customers in southeastern Michigan. This provides a stable and reliable source of revenue. The company generates electricity through various sources, including fossil-fuel, hydroelectric, nuclear, wind, and solar assets. This diversified energy portfolio reduces reliance on a single energy source and positions DTE Energy well for the transition to renewable energy. Recent developments in the energy sector, such as the increasing focus on clean energy and sustainability, present growth opportunities for DTE Energy. Cons Investors should be bearish about investing in DTE Energy for these reasons: There is no specific mention of the current stock price in the provided context information. Investing in utility companies like DTE Energy may be subject to regulatory risks and government policies that could impact the company's operations and profitability. The energy industry is highly competitive, and DTE Energy faces competition from other utility companies in its market. Fluctuations in energy prices, such as natural gas and electricity, can impact the company's financial performance. Investors should consider the potential impact of climate change and the transition to renewable energy on DTE Energy's long-term sustainability and profitability. DTE Stock Analysis - Frequently Asked Questions Should I buy or sell DTE Energy stock right now? 8 Wall Street 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 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? 8 equities research analysts have issued 1 year 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 twelve months. This suggests a possible upside of 9.6% 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 2023? DTE Energy's stock was trading at $117.53 on January 1st, 2023. Since then, DTE stock has decreased by 8.8% and is now trading at $107.21. View the best growth stocks for 2023 here. Are investors shorting DTE Energy? DTE Energy saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,180,000 shares, a decline of 21.6% from the October 31st total of 2,780,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is currently 1.5 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, February 22nd 2024. View our DTE earnings forecast. How were DTE Energy's earnings last quarter? DTE Energy (NYSE:DTE) issued its quarterly 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 analysts' expectations 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 in the previous year, the firm posted $1.60 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, June 22nd. Investors of record on Monday, September 18th will be given a dividend of $0.952 per share on Sunday, October 15th. This represents a $3.81 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Friday, September 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 3.52%. 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 57.21% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DTE. What ETFs hold DTE Energy's stock? 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). What guidance has DTE Energy issued on next quarter's earnings? DTE Energy issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $5.65-5.85 for the period, compared to the consensus EPS estimate of $6.18. 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 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. 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. This page (NYSE:DTE) was last updated on 12/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding DTE Energy Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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