DTE Energy - DTE Stock Forecast, Price & News

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.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Mizuho lowered their price target on shares of DTE Energy from $137.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, July 11th. Morgan Stanley dropped their target price on DTE Energy from $143.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, May 23rd. Credit Suisse Group boosted their price target on DTE Energy to $140.00 in a report on Tuesday. Citigroup raised their price objective on shares of DTE Energy from $134.00 to $146.00 in a research note on Tuesday, May 3rd. Finally, Barclays lowered their price target on shares of DTE Energy from $141.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.00.

DTE Energy Stock Performance

DTE opened at $132.26 on Thursday. DTE Energy has a twelve month low of $108.22 and a twelve month high of $140.23. The firm has a market capitalization of $25.62 billion, a PE ratio of 33.74, a PEG ratio of 3.67 and a beta of 0.60. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The firm's 50-day moving average price is $125.75 and its 200 day moving average price is $127.03.

DTE Energy (NYSE:DTE - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.14). DTE Energy had a net margin of 4.27% and a return on equity of 13.31%. During the same quarter last year, the firm earned $1.70 EPS. As a group, sell-side analysts expect that DTE Energy will post 6.02 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Monday, September 19th will be paid a $0.885 dividend. This represents a $3.54 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, September 16th. DTE Energy's dividend payout ratio is presently 90.31%.

Insiders Place Their Bets

In other DTE Energy news, EVP Robert A. Richard sold 2,900 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total transaction of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company's stock, valued at $2,351,574.26. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Lisa A. Muschong sold 600 shares of the company's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $134.28, for a total value of $80,568.00. Following the sale, the vice president now directly owns 3,485 shares in the company, valued at $467,965.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert A. Richard sold 2,900 shares of DTE Energy 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 completion of the sale, the executive vice president now directly owns 18,046 shares of the company's stock, valued at approximately $2,351,574.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,300 shares of company stock valued at $692,701. 0.61% of the stock is owned by corporate insiders.