DTE Energy - DTE Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DTE shares.
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11 brokerages have issued 12 month price objectives for DTE Energy's stock. Their DTE share price forecasts range from $122.00 to $140.00. On average, they predict the company's share price to reach $128.69 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for DTE or view top-rated stocks among Wall Street analysts.

DTE Energy's stock was trading at $119.54 at the start of the year. Since then, DTE shares have decreased by 2.0% and is now trading at $117.17.
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DTE Energy saw a decrease in short interest in November. As of November 15th, there was short interest totaling 1,920,000 shares, a decrease of 58.4% from the October 31st total of 4,610,000 shares. Based on an average trading volume of 1,630,000 shares, the short-interest ratio is presently 1.2 days.
View DTE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our DTE earnings forecast.

DTE Energy (NYSE:DTE) announced its earnings results on Thursday, October, 27th. The utilities provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. DTE Energy had a trailing twelve-month return on equity of 12.90% and a net margin of 5.79%. During the same quarter in the previous year, the company posted $1.72 earnings per share.
Read the conference call transcript.

DTE Energy declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Monday, December 19th will be paid a dividend of $0.952 per share on Sunday, January 15th. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, December 16th. This is a boost from the stock's previous quarterly dividend of $0.89.
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 3.09%. 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 61.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 56.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

DTE Energy issued an update on its FY 2022 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of $5.90-$6.10 for the period, compared to the consensus estimate of $6.02. 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.09%), BlackRock Inc. (9.40%), State Street Corp (5.31%), Price T Rowe Associates Inc. MD (2.29%), Neuberger Berman Group LLC (1.18%) and Pictet Asset Management SA (1.04%). 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 $117.17.

DTE Energy (NYSE:DTE) has a market capitalization of $22.70 billion and generates $14.96 billion in revenue each year. The utilities provider earns $907 million in net income (profit) each year or $5.78 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.