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 Analysts Forecast Growth

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

DTE Energy Trading Up 0.8 %

Shares of DTE Energy stock opened at $133.33 on Friday. DTE Energy has a 12-month low of $108.22 and a 12-month high of $140.23. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The stock has a market cap of $25.83 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 3.66 and a beta of 0.60. The company has a 50-day moving average of $125.75 and a two-hundred day moving average of $127.03.

DTE Energy (NYSE:DTE - Get Rating) last issued its earnings results 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 net margin of 4.27% and a return on equity of 13.31%. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, research analysts anticipate that DTE Energy will post 6.02 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Monday, September 19th will be paid a dividend of $0.885 per share. The ex-dividend date is Friday, September 16th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 2.66%. DTE Energy's dividend payout ratio (DPR) is 90.31%.

Insider Transactions at DTE Energy

In other news, COO Joi M. Harris sold 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $130.13, for a total transaction of $234,234.00. Following the completion of the transaction, the chief operating officer now directly owns 8,011 shares of the company's stock, valued at approximately $1,042,471.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 $2,351,574.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joi M. Harris sold 1,800 shares of the firm's 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 sale, the chief operating officer now owns 8,011 shares in the company, valued at approximately $1,042,471.43. The disclosure for this sale can be found here. Insiders sold a total of 5,300 shares of company stock valued at $692,701 in the last ninety days. Corporate insiders own 0.61% of the company's stock.