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DTE Energy Stock Forecast, Price & News

$126.16
+1.97 (+1.59%)
(As of 07/6/2022 12:00 AM ET)
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Compare
Today's Range
$123.99
$126.68
50-Day Range
$115.72
$135.52
52-Week Range
$108.22
$140.23
Volume
915,737 shs
Average Volume
1.09 million shs
Market Capitalization
$24.44 billion
P/E Ratio
27.13
Dividend Yield
2.85%
Price Target
$130.91

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
3.8% Upside
$130.91 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.01
Upright™ Environmental Score
News Sentiment
0.48mentions of DTE Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$80,568 Sold Last Quarter
Proj. Earnings Growth
4.30%
From $6.04 to $6.30 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.82 out of 5 stars

Utilities Sector

55th out of 123 stocks

Electric Services Industry

25th out of 58 stocks

30 days | 90 days | 365 days | Advanced Chart

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DTE Energy logo

About DTE Energy (NYSE:DTE) Stock

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 Stock News Headlines

How Is The Market Feeling About DTE Energy?
DTE Energy: Slow And Steady Dividend Grower
DTE Energy (DTE) To Go Ex-Dividend on September 16th
DTE Energy Announces Quarterly Dividend of $0.89 (NYSE:DTE)
DTE Crosses Above Key Moving Average Level
DTE Energy declares $0.885 dividend
DTE Energy Co (DTP)
DTE Energy goes ex-dividend tomorrow
DTE trimming trees, upgrading infrastructures
See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
23333110
Employees
10,300
Year Founded
1995

Company Calendar

Ex-Dividend for 4/15 Dividend
3/18/2022
Dividend Payable
4/15/2022
Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
6/16/2022
Today
7/06/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$130.91
High Stock Price Forecast
$146.00
Low Stock Price Forecast
$123.00
Forecasted Upside/Downside
+3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81818181818182
Research Coverage
11 Analysts

Profitability

Net Income
$907 million
Pretax Margin
4.67%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$13.51 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
192,557,000
Market Cap
$24.44 billion
Optionable
Optionable
Beta
0.62

Social Links















DTE Energy Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

11 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, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DTE Energy stock.
View analyst ratings for DTE Energy
or view top-rated stocks.

What is DTE Energy's stock price forecast for 2022?

11 Wall Street analysts have issued 12-month price objectives for DTE Energy's shares. Their DTE stock forecasts range from $123.00 to $146.00. On average, they anticipate DTE Energy's share price to reach $130.91 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for DTE Energy
or view top-rated stocks among Wall Street analysts.

How has DTE Energy's stock price performed in 2022?

DTE Energy's stock was trading at $119.54 at the beginning of the year. Since then, DTE shares have increased by 5.5% and is now trading at $126.16.
View the best growth stocks for 2022 here
.

When is DTE Energy's next earnings date?

DTE Energy is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) issued its quarterly earnings results on Thursday, April, 28th. The utilities provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.25. The utilities provider earned $4.58 billion during the quarter, compared to analysts' expectations of $3.53 billion. DTE Energy had a trailing twelve-month return on equity of 13.58% and a net margin of 5.59%. During the same quarter in the previous year, the firm posted $2.44 EPS.
View DTE Energy's earnings history
.

How often does DTE Energy pay dividends? What is the dividend yield for DTE Energy?

DTE Energy declared a quarterly dividend on Thursday, June 23rd. Shareholders 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 2.81%. The ex-dividend date of this dividend is Friday, September 16th.
View DTE Energy's dividend history
.

Is DTE Energy a good dividend stock?

DTE Energy(NYSE:DTE) pays an annual dividend of $3.54 per share and currently has a dividend yield of 2.85%. The dividend payout ratio of DTE Energy is 76.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DTE Energy will have a dividend payout ratio of 56.19% next year. This indicates that DTE Energy will be able to sustain or increase its dividend.
View DTE Energy's dividend history.

What guidance has DTE Energy issued on next quarter's earnings?

DTE Energy issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $5.80-$6.00 for the period, compared to the consensus earnings per share estimate of $5.93. The company issued revenue guidance of -.

Who are DTE Energy's key executives?

DTE Energy's management team includes the following people:
  • Mr. Gerardo Norcia, Pres, CEO & Chairman (Age 59, Pay $3.53M)
  • Mr. David Ruud, Sr. VP & CFO (Age 56, Pay $1.27M)
  • Mr. Gerard M. Anderson, Exec. Officer (Age 63)
  • Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 58, Pay $1.2M) (LinkedIn Profile)
  • Mr. Mark W. Stiers, Pres and COO of DTE Power & Industrial and Energy Trading (Age 60, Pay $1.32M)
  • Ms. Angela Buk, Chief Investment Officer
  • Ms. Tracy J. Myrick, Chief Accounting Officer (Age 45) (LinkedIn Profile)
  • Mr. Steven B. Ambrose, Chief Information Officer and VP
  • Ms. Barbara Tuckfield, Director - Investor Relations
  • Ms. JoAnn Chavez, Sr. VP & Chief Legal Officer (Age 58) (LinkedIn Profile)

What is Jerry Norcia's approval rating as DTE Energy's CEO?

40 employees have rated DTE Energy CEO Jerry Norcia on Glassdoor.com. Jerry Norcia has an approval rating of 97% among DTE Energy'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).

What is DTE Energy's stock symbol?

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

Who are DTE Energy's major shareholders?

DTE Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Centre Asset Management LLC (0.00%). Company insiders that own DTE Energy stock include David A Thomas, Gary Torgow, Gerard M Anderson, Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Lisa A Muschong, Mark C Rolling, Mark W Stiers, Peter B Oleksiak, Tracy J Myrick and Trevor F Lauer.
View institutional ownership trends for DTE Energy
.

Which institutional investors are buying DTE Energy stock?

DTE stock was acquired by a variety of institutional investors in the last quarter, including Centre Asset Management LLC.
View insider buying and selling activity for DTE Energy
or or view top insider-buying stocks.

How do I buy shares of DTE Energy?

Shares of DTE 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.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $126.16.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $24.44 billion and generates $14.96 billion in revenue each year. The utilities provider earns $907 million in net income (profit) each year or $4.65 on an earnings per share basis.

How many employees does DTE Energy have?

DTE Energy employs 10,300 workers across the globe.

When was DTE Energy founded?

DTE Energy was founded in 1995.

How can I contact DTE Energy?

DTE Energy's mailing address is One Energy Plaza, Detroit MI, 48226. The official website for DTE Energy 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.

This page (NYSE:DTE) was last updated on 7/6/2022 by MarketBeat.com Staff

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