DTE Energy - DTE Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DTE shares.
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9 brokerages have issued twelve-month target prices for DTE Energy's stock. Their DTE share price forecasts range from $123.00 to $146.00. On average, they predict the company's share price to reach $132.70 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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DTE Energy's stock was trading at $119.54 at the beginning of the year. Since then, DTE stock has increased by 2.9% and is now trading at $123.01.
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DTE Energy saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,280,000 shares, a decline of 11.6% from the August 15th total of 2,580,000 shares. Based on an average daily volume of 903,400 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the shares of the stock are short sold.
View DTE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our DTE earnings forecast.

DTE Energy (NYSE:DTE) released its quarterly earnings data on Thursday, July, 28th. The utilities provider reported $0.88 EPS for the quarter, missing the consensus estimate of $1.02 by $0.14. DTE Energy had a trailing twelve-month return on equity of 13.31% and a net margin of 4.27%. During the same period in the prior year, the firm earned $1.70 EPS.
Read the conference call transcript.

DTE Energy declared a quarterly dividend on Thursday, June 23rd. Stockholders of record on Monday, September 19th will be given a dividend of $0.885 per share on Saturday, October 15th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, September 16th.
Read our dividend analysis for DTE.

DTE Energy (NYSE:DTE) pays an annual dividend of $3.54 per share and currently has a dividend yield of 2.82%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DTE will have a dividend payout ratio of 56.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

DTE Energy updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $5.90-$6.10 for the period, compared to the consensus earnings per share estimate of $5.98. 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.12%), Price T Rowe Associates Inc. MD (1.97%), Franklin Resources Inc. (1.03%), Northern Trust Corp (1.00%), Pictet Asset Management SA (0.97%) and Legal & General Group Plc (0.90%). Insiders that own company stock include David A Thomas, Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Mark C Rolling, Peter B Oleksiak, Robert A Richard, Tracy J Myrick and Trevor F Lauer.
View institutional ownership trends.

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 $123.01.

DTE Energy (NYSE:DTE) has a market capitalization of $23.83 billion and generates $14.96 billion in revenue each year. The utilities provider earns $907 million in net income (profit) each year or $3.92 on an earnings per share basis.

The company employs 10,300 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.