NYSE:DTE

DTE Energy Stock Forecast, Price & News

$131.84
-1.57 (-1.18 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$131.74
$133.97
50-Day Range
$131.84
$144.15
52-Week Range
$102.76
$145.43
Volume1.65 million shs
Average Volume947,386 shs
Market Capitalization$25.54 billion
P/E Ratio17.89
Dividend Yield3.23%
Beta0.62
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DTE Energy logo

About DTE Energy

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 698 distribution substations and 445,800 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; 1,308,000 service pipelines; and 1,305,000 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 139 MWs; 22 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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MarketRank

Overall MarketRank

2.08 out of 5 stars

Utilities Sector

27th out of 279 stocks

Electric Services Industry

14th out of 79 stocks

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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DTE Energy (NYSE:DTE) Frequently Asked Questions

Is DTE Energy a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DTE Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTE, but not buy additional shares or sell existing shares.
View analyst ratings for DTE Energy
or view top-rated stocks.

What stocks does MarketBeat like better than DTE Energy?

Wall Street analysts have given DTE Energy a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but DTE Energy wasn't one of them. MarketBeat thinks these five companies 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 Tuesday, July 27th 2021.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its earnings results on Monday, April, 26th. The utilities provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. The utilities provider earned $3.78 billion during the quarter, compared to analyst estimates of $3.26 billion. DTE Energy had a net margin of 11.02% and a trailing twelve-month return on equity of 12.42%. During the same quarter last year, the firm earned $1.66 EPS.
View DTE Energy's earnings history
.

How has DTE Energy's stock been impacted by COVID-19?

DTE Energy's stock was trading at $104.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DTE stock has increased by 26.6% and is now trading at $131.84.
View which stocks have been most impacted by COVID-19
.

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

DTE Energy declared a quarterly dividend on Friday, May 7th. Shareholders of record on Wednesday, June 30th will be given a dividend of $1.085 per share on Thursday, July 15th. This represents a $4.34 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, June 29th.
View DTE Energy's dividend history
.

Is DTE Energy a good dividend stock?

DTE Energy pays an annual dividend of $4.34 per share and currently has a dividend yield of 3.23%. DTE Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of DTE Energy is 60.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE Energy will have a dividend payout ratio of 60.19% next year. This indicates that DTE Energy will be able to sustain or increase its dividend.
View DTE Energy's dividend history.

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

DTE Energy updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of 6.880-7.260 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.170. The company issued revenue guidance of -.

What price target have analysts set for DTE?

13 analysts have issued 12 month price targets for DTE Energy's stock. Their forecasts range from $128.00 to $151.00. On average, they anticipate DTE Energy's stock price to reach $137.31 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
View analysts' price targets for DTE Energy
or view top-rated stocks among Wall Street analysts.

Who are DTE Energy's key executives?

DTE Energy's management team includes the following people:
  • Mr. Gerard M. Anderson, Exec. Chairman & Advisor to the CEO (Age 62, Pay $2.14M)
  • Mr. Gerardo Norcia, Pres, CEO & Director (Age 58, Pay $4.1M)
  • Mr. David Ruud, Sr. VP & CFO (Age 55, Pay $1.28M)
  • Mr. David Earl Meador, Vice Chairman & Chief Admin. Officer (Age 64, Pay $1.79M)
  • Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 57, Pay $1.48M)
  • Ms. Angela Buk, Chief Investment Officer
  • Mr. Mark C. Rolling, VP, Controller & Chief Accounting Officer (Age 53)
  • Mr. Steven B. Ambrose, Chief Information Officer and VP
  • Ms. Barbara Tuckfield, Director - Investor Relations
  • Ms. JoAnn Chavez, Sr. VP & Chief Legal Officer (Age 57)

What is Jerry Norcia's approval rating as DTE Energy's CEO?

40 employees have rated DTE Energy CEO Jerry Norcia on Glassdoor.com. Jerry Norcia has an approval rating of 97% among DTE Energy's employees. This puts Jerry Norcia in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.64%), Franklin Resources Inc. (3.11%), Geode Capital Management LLC (1.70%), Ameriprise Financial Inc. (1.59%), Northern Trust Corp (1.07%) and Price T Rowe Associates Inc. MD (1.03%). Company insiders that own DTE Energy stock include David A Thomas, Gary Torgow, Gerard M Anderson, Joann Chavez, Lisa A Muschong, Mark C Rolling, Mark W Stiers and Peter B Oleksiak.
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 JPMorgan Chase & Co., Boston Partners, Allianz Asset Management GmbH, Millennium Management LLC, Strs Ohio, LSV Asset Management, Man Group plc, and Morgan Stanley. Company insiders that have sold DTE Energy company stock in the last year include Joann Chavez, Lisa A Muschong, and Mark C Rolling.
View insider buying and selling activity for DTE Energy
or view top insider-selling stocks.

Which institutional investors are buying DTE Energy stock?

DTE stock was bought by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Price T Rowe Associates Inc. MD, BlackRock Inc., Voloridge Investment Management LLC, NFJ Investment Group LLC, Ameriprise Financial Inc., Janus Henderson Group PLC, and Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have bought DTE Energy stock in the last two years include David A Thomas, and Gary Torgow.
View insider buying and selling activity for DTE Energy
or or view top insider-buying stocks.

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 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 $131.84.

How much money does DTE Energy make?

DTE Energy has a market capitalization of $25.54 billion and generates $12.18 billion in revenue each year. The utilities provider earns $1.37 billion in net income (profit) each year or $7.19 on an earnings per share basis.

How many employees does DTE Energy have?

DTE Energy employs 10,600 workers across the globe.

When was DTE Energy founded?

DTE Energy was founded in 1995.

What is DTE Energy's official website?

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

Where are DTE Energy's headquarters?

DTE Energy is headquartered at One Energy Plaza, Detroit MI, 48226.

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 6/19/2021 by MarketBeat.com Staff
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