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S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Is the Market Overreacting with Shopify Stock?
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
MO Money: Why Altria Group Stock is Rallying
British pound plunges to new low as tax cuts spark concern
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
US stocks slip deeper into a slump as recession fears grow
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Is the Market Overreacting with Shopify Stock?
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
MO Money: Why Altria Group Stock is Rallying
British pound plunges to new low as tax cuts spark concern
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
US stocks slip deeper into a slump as recession fears grow
Lights out, ovens off: Europe preps for winter energy crisis
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
Layoffs Aren't the Solution to Your Profitability Crisis. Here's the Simple 4-Step Process You Should Be Following Instead.
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Is the Market Overreacting with Shopify Stock?
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
MO Money: Why Altria Group Stock is Rallying
British pound plunges to new low as tax cuts spark concern
The "Green Revolution" Creates Massive Opportunity For Investors (Ad)
US stocks slip deeper into a slump as recession fears grow
Lights out, ovens off: Europe preps for winter energy crisis
NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$123.01
-2.65 (-2.11%)
(As of 09/26/2022 12:00 AM ET)
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Compare
Today's Range
$121.81
$125.34
50-Day Range
$121.46
$136.14
52-Week Range
$108.22
$140.23
Volume
1.32 million shs
Average Volume
1.11 million shs
Market Capitalization
$23.83 billion
P/E Ratio
31.38
Dividend Yield
2.82%
Price Target
$132.70

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.9% Upside
$132.70 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.01
Upright™ Environmental Score
News Sentiment
0.08mentions of DTE Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$747,753 Sold Last Quarter
Proj. Earnings Growth
4.48%
From $6.03 to $6.30 Per Share

Overall MarketRank

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

2.13 out of 5 stars

Utilities Sector

53rd out of 86 stocks

Electric Services Industry

20th out of 45 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.

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DTE Stock News Headlines

DTE Energy (NYSE:DTE) PT Lowered to $139.00
5 Analysts Have This to Say About DTE Energy
4 Analysts Have This to Say About DTE Energy
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
Ex-Dividend for 10/15 Dividend
9/16/2022
Today
9/27/2022
Dividend Payable
10/15/2022
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
$132.70
High Stock Price Forecast
$146.00
Low Stock Price Forecast
$123.00
Forecasted Upside/Downside
+7.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$907 million
Pretax Margin
3.67%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$13.53 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
192,554,000
Market Cap
$23.83 billion
Optionable
Optionable
Beta
0.60

Social Links


Key Executives

  • Mr. Gerardo Norcia (Age 59)
    Pres, CEO & Chairman
    Comp: $3.53M
  • Mr. David Ruud (Age 56)
    Sr. VP & CFO
    Comp: $1.27M
  • Mr. Trevor F. LauerMr. Trevor F. Lauer (Age 58)
    Pres & COO of DTE Electric Company
    Comp: $1.2M
  • Mr. Mark W. Stiers (Age 60)
    Pres and COO of DTE Power & Industrial and Energy Trading
    Comp: $1.32M
  • Ms. Angela Buk
    Chief Investment Officer
  • Ms. Tracy J. MyrickMs. Tracy J. Myrick (Age 45)
    Chief Accounting Officer
  • Mr. Steven B. Ambrose
    Chief Information Officer and VP
  • Ms. Barbara Tuckfield
    Director - Investor Relations
  • Ms. JoAnn ChavezMs. JoAnn Chavez (Age 58)
    Sr. VP & Chief Legal Officer
  • Ms. Paula Silver
    Sr. VP of Corp. Communications & Public Affairs













DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

9 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 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DTE shares.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price forecast for 2022?

9 brokerages have issued twelve-month target prices for DTE Energy's stock. Their DTE share price forecasts range from $123.00 to $146.00. On average, they predict the company's share price to reach $132.70 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for DTE
or view top-rated stocks among Wall Street analysts.

How have DTE shares performed in 2022?

DTE Energy's stock was trading at $119.54 at the beginning of the year. Since then, DTE stock has increased by 2.9% and is now trading at $123.01.
View the best growth stocks for 2022 here
.

Are investors shorting DTE Energy?

DTE Energy saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,280,000 shares, a decline of 11.6% from the August 15th total of 2,580,000 shares. Based on an average daily volume of 903,400 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the shares of the stock are short sold.
View DTE Energy's Short Interest
.

When is DTE Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) released its quarterly earnings data on Thursday, July, 28th. The utilities provider reported $0.88 EPS for the quarter, missing the consensus estimate of $1.02 by $0.14. DTE Energy had a trailing twelve-month return on equity of 13.31% and a net margin of 4.27%. During the same period in the prior year, the firm earned $1.70 EPS.
Read the 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. Stockholders of record on Monday, September 19th will be given 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 2.88%. The ex-dividend date is Friday, September 16th.
Read our dividend analysis for DTE
.

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 2.82%. 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 90.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DTE will have a dividend payout ratio of 56.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

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

DTE Energy updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $5.90-$6.10 for the period, compared to the consensus earnings per share 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 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.

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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.12%), Price T Rowe Associates Inc. MD (1.97%), Franklin Resources Inc. (1.03%), Northern Trust Corp (1.00%), Pictet Asset Management SA (0.97%) and Legal & General Group Plc (0.90%). 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
.

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 $123.01.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $23.83 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?

The company employs 10,300 workers across the globe.

How can I contact DTE Energy?

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.

This page (NYSE:DTE) was last updated on 9/27/2022 by MarketBeat.com Staff

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