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DTE Energy Stock Forecast, Price & News

+0.55 (+0.42 %)
(As of 11/23/2020 12:00 AM ET)
Today's Range
Now: $130.41
50-Day Range
MA: $124.12
52-Week Range
Now: $130.41
Volume1.16 million shs
Average Volume1.34 million shs
Market Capitalization$25.12 billion
P/E Ratio18.47
Dividend Yield3.12%
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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 700 distribution substations and 445,200 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; 1,305,000 service pipelines; and 1,285,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its Gas Storage and Pipelines segment owns natural gas storage fields, lateral and gathering pipeline systems, and compression and surface facilities, as well as has ownership interests in interstate pipelines serving the Gulf Coast, Midwest, Ontario, and northeast markets. 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. It also owns and operates 5 renewable generating plants with a capacity of 217 MWs; 23 gas recovery sites; and 10 reduced emissions fuel facilities. 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars

Industry, Sector and Symbol

Industry Electric services



Sales & Book Value

Annual Sales$12.67 billion
Cash Flow$12.49 per share
Book Value$64.82 per share


Net Income$1.17 billion


Market Cap$25.12 billion
Next Earnings Date2/3/2021 (Estimated)
+0.55 (+0.42 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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DTE Energy (NYSE:DTE) Frequently Asked Questions

How has DTE Energy's stock price been impacted by Coronavirus?

DTE Energy's stock was trading at $104.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DTE shares have increased by 25.3% and is now trading at $130.41.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of DTE Energy?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for DTE Energy

What stocks does MarketBeat like better than DTE Energy?

Wall Street analysts have given DTE Energy a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but DTE Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is DTE Energy's next earnings date?

DTE Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for DTE Energy

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) announced its earnings results on Tuesday, October, 27th. The utilities provider reported $2.61 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.06 by $0.55. DTE Energy had a return on equity of 11.43% and a net margin of 11.30%. During the same period in the previous year, the firm earned $1.91 earnings per share.
View DTE Energy's earnings history

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

DTE Energy declared a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, December 21st will be given a dividend of $1.085 per share on Friday, January 15th. This represents a $4.34 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Friday, December 18th. This is a positive change from DTE Energy's previous quarterly dividend of $1.01.
View DTE Energy's dividend history

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

DTE Energy issued an update on its FY21 earnings guidance on Tuesday, October, 27th. The company provided earnings per share (EPS) guidance of $6.88-7.26 for the period, compared to the Thomson Reuters consensus estimate of $7.12.

What price target have analysts set for DTE?

16 brokers have issued 12 month price targets for DTE Energy's stock. Their forecasts range from $115.00 to $145.00. On average, they expect DTE Energy's stock price to reach $132.67 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
View analysts' price targets for DTE Energy

Are investors shorting DTE Energy?

DTE Energy saw a decrease in short interest in October. As of October 30th, there was short interest totaling 1,790,000 shares, a decrease of 20.4% from the October 15th total of 2,250,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 1.7 days.
View DTE Energy's Short Interest

Who are some of DTE Energy's key competitors?

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), The Procter & Gamble (PG), The Boeing (BA) and The Walt Disney (DIS).

Who are DTE Energy's key executives?

DTE Energy's management team includes the following people:
  • Mr. Gerard M. Anderson, Exec. Chairman & Advisor To CEO (Age 61, Pay $2.82M)
  • Mr. Gerardo Norcia, Pres, CEO & Director (Age 57, Pay $2.7M)
  • Mr. David Earl Meador, Vice Chairman & Chief Admin. Officer (Age 63, Pay $1.57M)
  • Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 56, Pay $1.28M)
  • Mr. David Ruud, Sr. VP & CFO (Age 54)
  • Ms. Angela Buk, Chief Investment Officer
  • Mr. Mark C. Rolling, VP, Controller & Chief Accounting Officer (Age 52)
  • Mr. Steven B. Ambrose, Chief Information Officer and VP
  • Ms. Barbara Tuckfield, Director - Investor Relations
  • Ms. JoAnn Chavez, Sr. VP & Chief Legal Officer (Age 56)

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 shareholders include BlackRock Inc. (7.42%), State Street Corp (5.07%), JPMorgan Chase & Co. (1.24%), California Public Employees Retirement System (0.83%), Massachusetts Financial Services Co. MA (0.58%) and Duff & Phelps Investment Management Co. (0.54%). Company insiders that own DTE Energy stock include Gary Torgow, Gerard M Anderson, Joann Chavez, Lisa A Muschong, Mark C Rolling, Mark W Stiers, Peter B Oleksiak, Ruth G Shaw and Trevor F Lauer.
View institutional ownership trends for DTE Energy

Which institutional investors are selling DTE Energy stock?

DTE stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Robeco Institutional Asset Management B.V., BlackRock Inc., AQR Capital Management LLC, State Street Corp, Allianz Asset Management GmbH, Rothschild & Co. Asset Management US Inc., and Great West Life Assurance Co. Can. Company insiders that have sold DTE Energy company stock in the last year include Joann Chavez, Lisa A Muschong, Mark C Rolling, and Peter B Oleksiak.
View insider buying and selling activity for DTE Energy

Which institutional investors are buying DTE Energy stock?

DTE stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Newport Trust Co, Great West Life Assurance Co. Can, JPMorgan Chase & Co., Cubist Systematic Strategies LLC, DekaBank Deutsche Girozentrale, Energy Income Partners LLC, and Envestnet Asset Management Inc.. Company insiders that have bought DTE Energy stock in the last two years include Gary Torgow, and Ruth G Shaw.
View insider buying and selling activity for DTE Energy

How do I buy shares of DTE Energy?

Shares of DTE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is DTE Energy's stock price today?

One share of DTE stock can currently be purchased for approximately $130.41.

How big of a company is DTE Energy?

DTE Energy has a market capitalization of $25.12 billion and generates $12.67 billion in revenue each year. The utilities provider earns $1.17 billion in net income (profit) each year or $6.30 on an earnings per share basis. DTE Energy employs 10,700 workers across the globe.

What is DTE Energy's official website?

The official website for DTE Energy is www.dteenergy.com.

How can I contact DTE Energy?

DTE Energy's mailing address is One Energy Plaza, Detroit MI, 48226. The utilities provider can be reached via phone at 313-235-4000 or via email at [email protected]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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