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.

DTE Energy Stock Performance

Shares of NYSE:DTE traded up $0.88 during trading on Monday, hitting $135.79. The company's stock had a trading volume of 20,833 shares, compared to its average volume of 1,044,488. The company has a 50-day moving average of $125.81 and a 200-day moving average of $127.38. DTE Energy has a 12 month low of $108.22 and a 12 month high of $140.23. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.59 and a quick ratio of 0.47. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 3.74 and a beta of 0.60.

DTE Energy (NYSE:DTE - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.14). DTE Energy had a return on equity of 13.31% and a net margin of 4.27%. During the same quarter in the prior year, the firm posted $1.70 earnings per share. On average, sell-side analysts expect that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, September 16th. DTE Energy's payout ratio is 90.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DTE shares. Credit Suisse Group increased their price objective on shares of DTE Energy to $140.00 in a research report on Tuesday, August 9th. Morgan Stanley dropped their price target on shares of DTE Energy from $143.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, May 23rd. Mizuho dropped 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. Barclays dropped 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. Finally, Citigroup raised their price target on shares of DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, DTE Energy has a consensus rating of "Moderate Buy" and an average target price of $132.00.

Insiders Place Their Bets

In other DTE Energy news, EVP Robert A. Richard sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $130.31, for a total transaction of $377,899.00. Following the sale, the executive vice president now owns 18,046 shares in the company, valued at approximately $2,351,574.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other DTE Energy news, EVP Robert A. Richard sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $130.31, for a total transaction of $377,899.00. Following the sale, the executive vice president now owns 18,046 shares in the company, valued at approximately $2,351,574.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lisa A. Muschong sold 600 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $134.28, for a total transaction of $80,568.00. Following the sale, the vice president now owns 3,485 shares in the company, valued at approximately $467,965.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,300 shares of company stock worth $692,701. Company insiders own 0.61% of the company's stock.