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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DTE. Morgan Stanley dropped their price target on DTE Energy from $143.00 to $137.00 and set an "overweight" rating on the stock in a research report on Monday, May 23rd. Mizuho dropped their price target on DTE Energy from $137.00 to $130.00 and set a "buy" rating on the stock in a research report on Monday, July 11th. Citigroup raised their price target on DTE Energy from $134.00 to $146.00 in a research report on Tuesday, May 3rd. Barclays decreased their price objective on DTE Energy from $141.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Finally, Credit Suisse Group increased their price objective on DTE Energy to $140.00 in a report on Tuesday, August 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.00.

DTE Energy Stock Down 0.8 %

DTE Stock opened at $134.97 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.59 and a debt-to-equity ratio of 1.82. The business has a 50 day moving average price of $126.00 and a two-hundred day moving average price of $127.60. The company has a market cap of $26.15 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 3.77 and a beta of 0.60. DTE Energy has a twelve month low of $108.22 and a twelve month high of $140.23.

DTE Energy (NYSE:DTE - Get Rating) last posted 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 period in the prior year, the company earned $1.70 earnings per share. Analysts anticipate that DTE Energy will post 6.02 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, September 16th. This represents a $3.54 dividend on an annualized basis and a yield of 2.62%. DTE Energy's dividend payout ratio is 90.31%.

Insider Buying and Selling at DTE Energy

In other news, COO Joi M. Harris sold 1,800 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $130.13, for a total transaction of $234,234.00. Following the completion of the transaction, the chief operating officer now directly owns 8,011 shares in the company, valued at approximately $1,042,471.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Lisa A. Muschong sold 600 shares of DTE Energy 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 completion of the transaction, the vice president now directly owns 3,485 shares in the company, valued at approximately $467,965.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joi M. Harris sold 1,800 shares of DTE Energy stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $130.13, for a total value of $234,234.00. Following the transaction, the chief operating officer now owns 8,011 shares of the company's stock, valued at $1,042,471.43. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock worth $692,701 over the last ninety days. 0.61% of the stock is currently owned by corporate insiders.