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K-pop star among 8 to join Japan tycoon Maezawa's moon trip
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Costco vs Amazon: an end of the year showdown
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Discount Retailers Could Make Good Bargain Stocks
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
How major US stock indexes fared Friday 12/9/2022
K-pop star among 8 to join Japan tycoon Maezawa's moon trip
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Costco vs Amazon: an end of the year showdown
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Discount Retailers Could Make Good Bargain Stocks
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
How major US stock indexes fared Friday 12/9/2022
K-pop star among 8 to join Japan tycoon Maezawa's moon trip
S&P 500   3,934.38
DOW   33,476.46
QQQ   282.04
Retirement Doesn't Have to Mean Golf Courses and Fishing — It Can Be Whatever You Want It to Be.
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Costco vs Amazon: an end of the year showdown
There Is Fundamental Value In Broadcom, And It Yields 3.35% 
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
Closing prices for crude oil, gold and other commodities
Discount Retailers Could Make Good Bargain Stocks
Will This Simple Tool Dominate 2023 Markets? (Ad)pixel
How major US stock indexes fared Friday 12/9/2022
K-pop star among 8 to join Japan tycoon Maezawa's moon trip
NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$117.19
-0.47 (-0.40%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$116.88
$118.22
50-Day Range
$103.01
$118.63
52-Week Range
$100.64
$140.23
Volume
1.46 million shs
Average Volume
1.23 million shs
Market Capitalization
$22.70 billion
P/E Ratio
20.28
Dividend Yield
3.01%
Price Target
$128.69

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
9.8% Upside
$128.69 Price Target
Short Interest
Healthy
0.99% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.86
Upright™ Environmental Score
News Sentiment
0.49mentions of DTE Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.15%
From $6.02 to $6.27 Per Share

Overall MarketRank

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

2.50 out of 5 stars

Utilities Sector

22nd out of 86 stocks

Electric Services Industry

13th out of 42 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) Upgraded to Outperform by Wolfe Research
Bear or bull market, this highly successful trader has shocking new forecast 
Nobody believed Larry Benedict’s prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, “It seems like there’s much more to come.” Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of this year, either. He predicted that “all the indexes will be negative for the year,” with the Nasdaq leading the way. Once again, he was spot-on.
DTE Energy sets 2023 annual meeting date
Short Volatility Alert: Dte Energy Co
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse
The One Ticker Retirement Plan How to make all the money you need – in any market – using a single stock.
DTE Energy Company: Reaffirming BUY and $140 target
6 Analysts Have This to Say About DTE Energy
Hawaiian Electric (HE) Q3 Earnings Beat, Sales Rise Y/Y
AES Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
DTE Energy reports strong third quarter 2022 results
Recap: DTE Energy Q3 Earnings
DTE Energy (DTP) Shares Cross Above 200 DMA
See More Headlines
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DTE Company Calendar

Ex-Dividend for 10/15 Dividend
9/16/2022
Dividend Payable
10/15/2022
Last Earnings
10/27/2022
Today
12/10/2022
Ex-Dividend for 1/15 Dividend
12/16/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/15/2023
Next Earnings (Estimated)
2/09/2023

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
$128.69
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$907 million
Pretax Margin
5.73%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$14.15 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
192,560,000
Market Cap
$22.70 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?

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.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price forecast for 2023?

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.

How have DTE shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting DTE Energy?

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
.

When is DTE Energy's next earnings date?

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

How were DTE Energy's earnings last quarter?

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
.

How often does DTE Energy pay dividends? What is the dividend yield for DTE Energy?

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
.

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 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.

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

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 -.

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 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
.

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 $117.17.

How much money does DTE Energy make?

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.

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 12/10/2022 by MarketBeat.com Staff