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NYSE:DTEDTE Energy Stock Price, Forecast & News

$117.71
-0.45 (-0.38 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$116.85
Now: $117.71
$119.06
50-Day Range
$104.12
MA: $111.89
$120.23
52-Week Range
$71.21
Now: $117.71
$135.67
Volume462,448 shs
Average Volume1.43 million shs
Market Capitalization$22.68 billion
P/E Ratio18.60
Dividend Yield3.43%
Beta0.6
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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 696 distribution substations and 442,700 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 19,800 miles of distribution mains; 1,305,000 service pipelines; and 1,273,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its Gas Storage and Pipelines segment owns natural gas storage fields, lateral and gathering pipeline systems, and compression and surface facilities, as well as has ownership interests in interstate pipelines serving the Midwest, Ontario, and northeast markets. 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. It also owns and operates 5 renewable generating plants with a capacity of 217 MWs; 23 landfill gas recovery sites; and 10 reduced emissions fuel facilities. Its Energy Trading segment engages in power and gas 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP23333110
Phone313-235-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.67 billion
Cash Flow$12.82 per share
Book Value$61.57 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Employees10,700
Market Cap$22.68 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$117.71
-0.45 (-0.38 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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DTE Energy (NYSE:DTE) Frequently Asked Questions

How has DTE Energy's stock been impacted by Coronavirus?

DTE Energy's stock was trading at $104.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DTE stock has increased by 13.1% and is now trading at $117.71.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of DTE Energy?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for DTE Energy
.

When is DTE Energy's next earnings date?

DTE Energy is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

DTE Energy Co (NYSE:DTE) posted its earnings results on Tuesday, July, 28th. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.22. The utilities provider earned $2.58 billion during the quarter, compared to the consensus estimate of $2.90 billion. DTE Energy had a return on equity of 10.50% and a net margin of 10.13%. During the same quarter in the prior year, the business posted $0.99 EPS.
View DTE Energy's earnings history
.

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

DTE Energy announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, September 21st will be paid a dividend of $1.013 per share on Thursday, October 15th. This represents a $4.05 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, September 18th.
View DTE Energy's dividend history
.

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

DTE Energy updated its FY20 earnings guidance on Tuesday, July, 28th. The company provided earnings per share (EPS) guidance of $6.47-6.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.60.

What price target have analysts set for DTE?

13 Wall Street analysts have issued 1-year price targets for DTE Energy's stock. Their forecasts range from $115.00 to $143.00. On average, they anticipate DTE Energy's share price to reach $126.77 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for DTE Energy
.

Has DTE Energy been receiving favorable news coverage?

News stories about DTE stock have trended positive recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. DTE Energy earned a news impact score of 2.4 on InfoTrie's scale. They also assigned media headlines about the utilities provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about DTE Energy
.

Are investors shorting DTE Energy?

DTE Energy saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,790,000 shares, a decline of 19.9% from the April 15th total of 4,730,000 shares. Based on an average daily volume of 1,750,000 shares, the short-interest ratio is presently 2.2 days.
View DTE Energy's Short Interest
.

Who are some of DTE Energy's key competitors?

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), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Intel (INTC), Johnson & Johnson (JNJ), Boeing (BA), AbbVie (ABBV), Ford Motor (F) and Coca-Cola (KO).

Who are DTE Energy's key executives?

DTE Energy's management team includes the following people:
  • Mr. Gerard M. Anderson, Chairman & CEO (Age 60)
  • Mr. Gerardo Norcia, Pres & COO (Age 56)
  • Mr. Peter B. Oleksiak, Sr. VP & CFO (Age 53)
  • Mr. David Earl Meador, Vice Chairman & Chief Admin. Officer (Age 62)
  • Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 55)

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.80%), Nordea Investment Management AB (1.64%), Goldman Sachs Group Inc. (0.85%), California Public Employees Retirement System (0.83%), Bank of New York Mellon Corp (0.71%) and Duff & Phelps Investment Management Co. (0.53%). Company insiders that own DTE Energy stock include Gary Torgow, Gerard M Anderson, Jeffrey A Jewell, Joann Chavez, Lisa A Muschong, Mark W Stiers, Peter B Oleksiak, Ruth G Shaw and Trevor F Lauer.
View institutional ownership trends for DTE Energy
.

Which institutional investors are selling DTE Energy stock?

DTE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Vanguard Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, Goldman Sachs Group Inc., Robeco Institutional Asset Management B.V., Bank of America Corp DE, Bank of Nova Scotia, and Assetmark Inc.. Company insiders that have sold DTE Energy company stock in the last year include Joann Chavez, Mark W Stiers, and Peter B Oleksiak.
View insider buying and selling activity 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 Nordea Investment Management AB, FMR LLC, Canada Pension Plan Investment Board, Teilinger Capital Ltd., Glenmede Trust Co. NA, California Public Employees Retirement System, Veracity Capital LLC, and Skandinaviska Enskilda Banken AB publ . Company insiders that have bought DTE Energy stock in the last two years include Gary Torgow, and Ruth G Shaw.
View insider buying and selling activity for DTE Energy
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $117.71.

How big of a company is DTE Energy?

DTE Energy has a market capitalization of $22.68 billion and generates $12.67 billion in revenue each year. The utilities provider earns $1.17 billion in net income (profit) each year or $6.30 on an earnings per share basis. DTE Energy employs 10,700 workers across the globe.

What is DTE Energy's official website?

The official website for DTE Energy is www.dteenergy.com.

How can I contact DTE Energy?

DTE Energy's mailing address is One Energy Plaza, Detroit MI, 48226. The utilities provider can be reached via phone at 313-235-4000 or via email at [email protected]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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