S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
S&P 500   4,283.74 (+0.23%)
DOW   33,999.04 (+0.06%)
QQQ   329.28 (+0.24%)
AAPL   174.15 (-0.23%)
MSFT   290.17 (-0.39%)
META   174.66 (-0.11%)
GOOGL   120.17 (+0.52%)
AMZN   142.30 (+0.14%)
TSLA   908.61 (-0.37%)
NVDA   187.73 (+2.39%)
NIO   19.91 (-0.85%)
BABA   90.74 (+1.08%)
AMD   100.44 (+2.21%)
T   18.43 (+0.05%)
MU   62.98 (+2.21%)
CGC   3.81 (-6.16%)
F   16.15 (+0.75%)
GE   79.21 (-0.89%)
DIS   122.67 (-0.11%)
AMC   19.29 (-9.69%)
PYPL   99.86 (+0.44%)
PFE   48.58 (-1.40%)
NFLX   245.17 (+1.67%)
NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$135.44
+0.47 (+0.35%)
(As of 08/18/2022 04:34 PM ET)
Add
Compare
Today's Range
$135.05
$135.90
50-Day Range
$115.72
$136.09
52-Week Range
$108.22
$140.23
Volume
751,241 shs
Average Volume
1.04 million shs
Market Capitalization
$26.24 billion
P/E Ratio
34.55
Dividend Yield
2.62%
Price Target
$132.00

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
2.5% 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
0.64mentions of DTE Energy in the last 14 days
Based on 18 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.

1.91 out of 5 stars

Utilities Sector

71st out of 87 stocks

Electric Services Industry

31st 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.

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.

Receive DTE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for DTE Energy and its competitors with MarketBeat's FREE daily newsletter.

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
Receive DTE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for DTE Energy and its competitors with MarketBeat's FREE daily newsletter.

DTE Company Calendar

Ex-Dividend for 7/15 Dividend
6/16/2022
Dividend Payable
7/15/2022
Last Earnings
7/28/2022
Today
8/18/2022
Ex-Dividend for 10/15 Dividend
9/16/2022
Dividend Payable
10/15/2022
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
-2.5%
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
$13.76 per share
Book Value
$44.28 per share

Miscellaneous

Free Float
192,554,000
Market Cap
$26.24 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
  • Mr. Larry E. Steward (Age 70)
    Sr. VP of HR













DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12-month target prices for DTE Energy's stock. Their DTE share price forecasts range from $123.00 to $146.00. On average, they expect the company's stock price to reach $132.00 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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 on January 1st, 2022. Since then, DTE shares have increased by 12.9% and is now trading at $134.97.
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 earnings results on Thursday, July, 28th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.14. DTE Energy had a net margin of 4.27% and a trailing twelve-month return on equity of 13.31%. During the same period last year, the business earned $1.70 EPS.
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 2.62%. 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 2.60%. 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 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 many different retail and institutional investors. Top institutional investors include State Street Corp (5.12%), Price T Rowe Associates Inc. MD (1.97%), Franklin Resources Inc. (1.03%), Northern Trust Corp (1.00%), Pictet Asset Management SA (0.97%) and California Public Employees Retirement System (0.74%). 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 $134.97.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $26.15 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 8/18/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.