DTE Energy - DTE Stock Forecast, Price & News

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 other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 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 20,000 miles of distribution mains; 1,304,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The company's Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, 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 headquartered in Detroit, Michigan.

DTE Energy Stock Up 0.2 %

Shares of DTE Energy stock traded up $0.27 during trading hours on Tuesday, reaching $136.33. 18,056 shares of the company were exchanged, compared to its average volume of 888,395. DTE Energy has a 1 year low of $108.22 and a 1 year high of $140.23. The stock's fifty day moving average is $125.88 and its 200 day moving average is $127.49. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.59. The firm has a market cap of $26.41 billion, a PE ratio of 34.71, a PEG ratio of 3.74 and a beta of 0.60.

DTE Energy (NYSE:DTE - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.14). DTE Energy had a return on equity of 13.31% and a net margin of 4.27%. During the same period in the previous year, the business posted $1.70 EPS. As a group, equities research analysts forecast that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Monday, September 19th will be given a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, September 16th. DTE Energy's dividend payout ratio is currently 90.31%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. Credit Suisse Group upped their price objective on DTE Energy to $140.00 in a report on Tuesday, August 9th. Mizuho decreased their price objective on DTE Energy from $137.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, July 11th. Morgan Stanley decreased their price objective on DTE Energy from $143.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, May 23rd. Finally, Barclays decreased their price target on DTE Energy from $141.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.00.

Insider Transactions at DTE Energy

In related news, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total value of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company's stock, valued at $2,351,574.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total value of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company's stock, valued at $2,351,574.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joi M. Harris sold 1,800 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $130.13, for a total value of $234,234.00. Following the completion of the transaction, the chief operating officer now directly owns 8,011 shares in the company, valued at approximately $1,042,471.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,300 shares of company stock valued at $692,701. 0.61% of the stock is currently owned by company insiders.