NYSE:DTE

DTE Energy Stock Forecast, Price & News

$118.13
+0.44 (+0.37 %)
(As of 07/29/2021 05:19 PM ET)
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Today's Range
$117.43
$118.89
50-Day Range
$111.74
$142.17
52-Week Range
$91.38
$121.19
Volume983,619 shs
Average Volume1.18 million shs
Market Capitalization$22.89 billion
P/E Ratio16.03
Dividend Yield3.69%
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

2.65 out of 5 stars

Utilities Sector

8th out of 290 stocks

Electric Services Industry

2nd out of 81 stocks

Analyst Opinion: 3.3Community Rank: 3.1Dividend Strength: 3.3Insider 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?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 1 sell rating, 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" DTE Energy stock.
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 "Buy" 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, October 26th 2021.
View our earnings forecast for DTE Energy
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) issued its quarterly earnings data on Monday, July, 26th. The utilities provider reported $1.70 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.26. DTE Energy had a net margin of 11.02% and a trailing twelve-month return on equity of 12.42%. During the same period in the previous year, the company earned $1.53 earnings per share.
View DTE Energy's earnings history
.

How has DTE Energy's stock price been impacted by Coronavirus (COVID-19)?

DTE Energy's stock was trading at $104.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DTE stock has increased by 13.5% and is now trading at $118.13.
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 announced a dividend on Wednesday, June 30th. Shareholders of record on Friday, July 2nd will be given a dividend of $0.825 per share on Thursday, July 1st. This represents a yield of 2.52%. The ex-dividend date of this dividend is Thursday, July 1st.
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 3.69%. 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 73.19% 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 FY21 earnings guidance on Tuesday, July, 27th. The company provided earnings per share (EPS) guidance of $5.62-5.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.65.

What price target have analysts set for DTE?

14 brokers have issued 12 month price targets for DTE Energy's shares. Their forecasts range from $123.00 to $140.00. On average, they anticipate DTE Energy's share price to reach $130.54 in the next year. This suggests a possible upside of 10.5% 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
  • Ms. Tracy J. Myrick, Chief Accounting Officer and Director of Technical & Corp. Accounting (Age 45)
  • 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 shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.09%), State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%), Sequoia Financial Advisors LLC (0.01%), New Mexico Educational Retirement Board (0.01%) and Cozad Asset Management Inc. (0.01%). 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 major investors are selling DTE Energy stock?

DTE stock was sold by a variety of institutional investors in the last quarter, including Raymond James Trust N.A., Cozad Asset Management Inc., Deroy & Devereaux Private Investment Counsel Inc., Heritage Wealth Advisors, and SkyOak Wealth LLC. 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 major investors are buying DTE Energy stock?

DTE stock was purchased by a variety of institutional investors in the last quarter, including Brookstone Capital Management, Sequoia Financial Advisors LLC, IFM Investors Pty Ltd, New Mexico Educational Retirement Board, State of Alaska Department of Revenue, Paragon Wealth Strategies LLC, and Fulton Bank N.A.. 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 $118.13.

How much money does DTE Energy make?

DTE Energy has a market capitalization of $22.89 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 7/29/2021 by MarketBeat.com Staff
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