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NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$136.39
+0.33 (+0.24%)
(As of 08/16/2022 02:09 PM ET)
Add
Compare
Today's Range
$135.67
$136.80
50-Day Range
$115.72
$136.06
52-Week Range
$108.22
$140.23
Volume
19,485 shs
Average Volume
888,395 shs
Market Capitalization
$26.42 billion
P/E Ratio
34.79
Dividend Yield
2.62%
Price Target
$132.00

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
3.3% Downside
$132.00 Price Target
Short Interest
Healthy
1.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.01
Upright™ Environmental Score
News Sentiment
0.71mentions of DTE Energy in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$692,701 Sold Last Quarter
Proj. Earnings Growth
4.49%
From $6.02 to $6.29 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Utilities Sector

78th out of 92 stocks

Electric Services Industry

33rd 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.

DTE Energy Stock Up 0.2 %

Shares of DTE Energy stock traded up $0.27 during trading hours on Tuesday, reaching $136.33. 18,056 shares of the company were exchanged, compared to its average volume of 888,395. DTE Energy has a 1 year low of $108.22 and a 1 year high of $140.23. The stock's fifty day moving average is $125.88 and its 200 day moving average is $127.49. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.59. The firm has a market cap of $26.41 billion, a PE ratio of 34.71, a PEG ratio of 3.74 and a beta of 0.60.

DTE Energy (NYSE:DTE - Get Rating) last posted its quarterly earnings data 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 return on equity of 13.31% and a net margin of 4.27%. During the same period in the previous year, the business posted $1.70 EPS. As a group, equities research analysts forecast that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Monday, September 19th will be given a dividend of $0.885 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, September 16th. DTE Energy's dividend payout ratio is currently 90.31%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. Credit Suisse Group upped their price objective on DTE Energy to $140.00 in a report on Tuesday, August 9th. Mizuho decreased their price objective on DTE Energy from $137.00 to $130.00 and set a "buy" rating on the stock in a report on Monday, July 11th. Morgan Stanley decreased their price objective on DTE Energy from $143.00 to $137.00 and set an "overweight" rating on the stock in a report on Monday, May 23rd. Finally, Barclays decreased their price target on DTE Energy from $141.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.00.

Insider Transactions at DTE Energy

In related news, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total value of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company's stock, valued at $2,351,574.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total value of $377,899.00. Following the transaction, the executive vice president now owns 18,046 shares of the company's stock, valued at $2,351,574.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joi M. Harris sold 1,800 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $130.13, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,300 shares of company stock valued at $692,701. 0.61% of the stock is currently owned by company insiders.

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DTE Stock News Headlines

DTE Energy: Q2 Earnings Insights
DTE Energy Boosts FY22 Operating Earnings Outlook
DTE Energy (DTE) to Release Earnings on Thursday
DTE Energy Co - Stock Quote DTE
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
Today
8/16/2022
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
$132.00
High Stock Price Forecast
$146.00
Low Stock Price Forecast
$123.00
Forecasted Upside/Downside
-3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$907 million
Pretax Margin
3.67%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$13.97 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
192,554,000
Market Cap
$26.42 billion
Optionable
Optionable
Beta
0.60

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DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 3 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 2022?

10 analysts have issued 12 month price objectives 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 $132.00 in the next twelve months. This suggests that the stock has a possible downside of 3.0%.
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 increased by 13.8% and is now trading at $136.06.
View the best growth stocks for 2022 here
.

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) posted its quarterly earnings data on Thursday, July, 28th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm earned $1.70 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 announced a quarterly dividend on Thursday, June 23rd. Shareholders of record on Monday, September 19th will be paid 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 2.60%. 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 2.62%. 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 56.28% 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 (EPS) guidance of $5.90-$6.10 for the period, compared to the consensus EPS 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 a number of retail and institutional investors. Top institutional shareholders include State Street Corp (5.12%), Franklin Resources Inc. (1.03%), Northern Trust Corp (1.00%), Pictet Asset Management SA (0.97%), California Public Employees Retirement System (0.74%) and Massachusetts Financial Services Co. MA (0.65%). Insiders that own company stock include David A Thomas, Gary Torgow, Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Lisa A Muschong, Mark C Rolling, Mark W Stiers, 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 $136.06.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $26.36 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.

When was DTE Energy founded?

DTE Energy was founded in 1995.

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 8/16/2022 by MarketBeat.com Staff

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