S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$129.10
+0.10 (+0.08%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$127.32
$129.21
50-Day Range
$115.72
$134.30
52-Week Range
$108.22
$140.23
Volume
731,710 shs
Average Volume
802,959 shs
Market Capitalization
$25.01 billion
P/E Ratio
32.93
Dividend Yield
2.74%
Price Target
$132.00

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
2.2% Upside
$132.00 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.01
Upright™ Environmental Score
News Sentiment
0.33mentions of DTE Energy in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$692,701 Sold Last Quarter
Proj. Earnings Growth
4.49%
From $6.02 to $6.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Utilities Sector

82nd out of 107 stocks

Electric Services Industry

41st out of 54 stocks

DTE stock 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DTE. Barclays dropped their price target on shares of DTE Energy from $141.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. Morgan Stanley dropped their price target on shares of DTE Energy from $143.00 to $137.00 and set an "overweight" rating for the company in a research report on Monday, May 23rd. Mizuho lowered their price objective on shares of DTE Energy from $137.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, July 11th. Citigroup boosted their price objective on shares of DTE Energy from $134.00 to $146.00 in a research report on Tuesday, May 3rd. Finally, Credit Suisse Group upgraded shares of DTE Energy from a "neutral" rating to an "outperform" rating and lowered their price objective for the company from $142.00 to $140.00 in a research report on Monday, May 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $132.00.

DTE Energy Stock Performance

NYSE:DTE opened at $129.10 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.59. DTE Energy has a fifty-two week low of $108.22 and a fifty-two week high of $140.23. The stock has a market cap of $25.01 billion, a PE ratio of 32.93, a PEG ratio of 3.57 and a beta of 0.60. The firm's fifty day moving average price is $125.85 and its two-hundred day moving average price is $126.81.

DTE Energy (NYSE:DTE - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted $1.70 earnings per share. On average, equities analysts expect that DTE Energy will post 6.02 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Monday, September 19th will be paid a $0.885 dividend. The ex-dividend date of this dividend is Friday, September 16th. This represents a $3.54 annualized dividend and a dividend yield of 2.74%. DTE Energy's dividend payout ratio is 90.31%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 600 shares of the business's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $134.28, for a total value of $80,568.00. Following the transaction, the vice president now owns 3,485 shares in the company, valued at $467,965.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Robert A. Richard sold 2,900 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were 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 in the company, valued at $2,351,574.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lisa A. Muschong sold 600 shares of the business's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $134.28, for a total transaction of $80,568.00. Following the completion of the transaction, the vice president now owns 3,485 shares in the company, valued at approximately $467,965.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,300 shares of company stock worth $692,701 over the last quarter. Company insiders own 0.61% of the company's stock.

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DTE Stock News Headlines

DTE Energy: Q2 Earnings Insights
DTE Energy Boosts FY22 Operating Earnings Outlook
DTE Energy (DTE) to Release Earnings on Thursday
DTE Energy Co - Stock Quote DTE
See More Headlines
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DTE Company Calendar

Ex-Dividend for 7/15 Dividend
6/16/2022
Dividend Payable
7/15/2022
Last Earnings
7/28/2022
Today
8/07/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$132.00
High Stock Price Forecast
$146.00
Low Stock Price Forecast
$123.00
Forecasted Upside/Downside
+2.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$907 million
Pretax Margin
3.67%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$13.82 per share
Book Value
$44.28 per share

Miscellaneous

Free Float
192,554,000
Market Cap
$25.01 billion
Optionable
Optionable
Beta
0.60

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DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 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 7 buy ratings 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?

10 brokers have issued twelve-month target prices for DTE Energy's stock. Their DTE stock forecasts range from $123.00 to $146.00. On average, they predict DTE Energy's stock price to reach $132.00 in the next twelve months. This suggests a possible upside of 2.2% 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 performed in 2022?

DTE Energy's stock was trading at $119.54 at the start of the year. Since then, DTE shares have increased by 8.0% and is now trading at $129.10.
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 Wednesday, October 26th 2022.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

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

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 paid 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 2.74%. 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 2.74%. The dividend payout ratio of DTE Energy is 90.31%. 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 56.28% 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 Thursday, August, 4th. The company provided EPS guidance of $5.90-$6.10 for the period, compared to the consensus estimate of $5.98. The company issued revenue guidance of -.

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 variety of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.49%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Reaves W H & Co. Inc. (0.38%), Victory Capital Management Inc. (0.31%), Russell Investments Group Ltd. (0.17%) and Allspring Global Investments Holdings LLC (0.13%). 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, Robert A Richard, Tracy J Myrick and Trevor F Lauer.
View institutional ownership trends for DTE Energy
.

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.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $129.10.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $25.01 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.

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 8/7/2022 by MarketBeat.com Staff

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