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NYSE:DTE

DTE Energy Stock Forecast, Price & News

$121.91
-0.62 (-0.51 %)
(As of 01/22/2021 03:59 PM ET)
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Compare
Today's Range
$119.82
Now: $121.91
$122.35
50-Day Range
$117.98
MA: $121.85
$128.75
52-Week Range
$71.21
Now: $121.91
$135.67
Volume19,468 shs
Average Volume963,142 shs
Market Capitalization$23.49 billion
P/E Ratio17.27
Dividend Yield3.55%
Beta0.55
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 700 distribution substations and 445,200 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; 1,305,000 service pipelines; and 1,285,000 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 Gulf Coast, 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 gas recovery sites; and 10 reduced emissions fuel facilities. 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 Energy logo

MarketRank

Overall MarketRank

2.12 out of 5 stars

Utilities Sector

28th out of 272 stocks

Electric Services Industry

11th out of 78 stocks

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP23333110
Phone313-235-4000
Employees10,700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.67 billion
Cash Flow$12.96 per share
Book Value$61.57 per share

Profitability

Net Income$1.17 billion

Miscellaneous

Market Cap$23.49 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$121.91
-0.62 (-0.51 %)
(As of 01/22/2021 03:59 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 price been impacted by COVID-19?

DTE Energy's stock was trading at $104.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DTE shares have increased by 17.1% and is now trading at $121.91.
View which stocks have been most impacted by COVID-19
.

Is DTE Energy a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DTE Energy stock.
View analyst ratings for DTE Energy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than DTE Energy?

Wall Street analysts have given DTE Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but DTE Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as DTE Energy's CEO?

6,978 employees have rated DTE Energy CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among DTE Energy's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is DTE Energy's next earnings date?

DTE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) announced its quarterly earnings results on Tuesday, October, 27th. The utilities provider reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.06 by $0.55. The utilities provider had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.19 billion. DTE Energy had a return on equity of 11.43% and a net margin of 11.30%. During the same quarter in the previous year, the firm posted $1.91 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 Wednesday, October 28th. Investors of record on Monday, December 21st will be given a dividend of $1.085 per share on Friday, January 15th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, December 18th. This is an increase from DTE Energy's previous quarterly dividend of $1.01.
View DTE Energy's dividend history
.

Is DTE Energy a good dividend stock?

DTE Energy pays an annual dividend of $4.34 per share and currently has a dividend yield of 3.55%. DTE Energy does not yet have a strock track record of dividend growth. The dividend payout ratio of DTE Energy is 68.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE Energy will have a dividend payout ratio of 61.04% 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 2021 After-Hours earnings guidance on Tuesday, December, 8th. The company provided EPS guidance of 6.88-7.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.12.

What price target have analysts set for DTE?

16 equities research analysts have issued 1 year price targets for DTE Energy's stock. Their forecasts range from $115.00 to $145.00. On average, they expect DTE Energy's stock price to reach $131.87 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts' price targets for DTE Energy
or view Wall Street analyst' top-rated stocks.

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), Intel (INTC), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), The Procter & Gamble (PG), The Boeing (BA) and The Walt Disney (DIS).

Who are DTE Energy's key executives?

DTE Energy's management team includes the following people:
  • Mr. Gerard M. Anderson, Exec. Chairman & Advisor To CEO (Age 62, Pay $2.82M)
  • Mr. Gerardo Norcia, Pres, CEO & Director (Age 58, Pay $2.7M)
  • Mr. David Earl Meador, Vice Chairman & Chief Admin. Officer (Age 64, Pay $1.57M)
  • Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 57, Pay $1.28M)
  • Mr. David Ruud, Sr. VP & CFO (Age 55)
  • Ms. Angela Buk, Chief Investment Officer
  • Mr. Mark C. Rolling, VP, Controller & Chief Accounting Officer (Age 53)
  • Mr. Steven B. Ambrose, Chief Information Officer and VP
  • Ms. Barbara Tuckfield, Director - Investor Relations
  • Ms. JoAnn Chavez, Sr. VP & Chief Legal Officer (Age 57)

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 retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.02%), Hexavest Inc. (0.02%), IFM Investors Pty Ltd (0.01%), First Midwest Bank Trust Division (0.01%), Pacer Advisors Inc. (0.01%) and Louisiana State Employees Retirement System (0.01%). Company insiders that own DTE Energy stock include Gary Torgow, Gerard M Anderson, Joann Chavez, Lisa A Muschong, Mark C Rolling, 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 Hexavest Inc., First Citizens Bank & Trust Co., Pacer Advisors Inc., Crossmark Global Holdings Inc., Capital Investment Advisors LLC, DAVENPORT & Co LLC, First Midwest Bank Trust Division, and Sowell Financial Services LLC. Company insiders that have sold DTE Energy company stock in the last year include Joann Chavez, Lisa A Muschong, Mark C Rolling, and Peter B Oleksiak.
View insider buying and selling activity for DTE Energy
or view top insider-selling stocks.

Which institutional investors are buying DTE Energy stock?

DTE stock was acquired by a variety of institutional investors in the last quarter, including Kestra Advisory Services LLC, NuWave Investment Management LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, APCM Wealth Management for Individuals, Strategic Investment Advisors MI, Redpoint Investment Management Pty Ltd, and State of Alaska Department of Revenue. 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
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.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $121.91.

How big of a company is DTE Energy?

DTE Energy has a market capitalization of $23.49 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 1/22/2021 by MarketBeat.com Staff

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