DTE Energy - DTE Stock Forecast, Price & News

9 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 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DTE shares.
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9 brokerages have issued 12-month price targets for DTE Energy's shares. Their DTE share price forecasts range from $122.00 to $140.00. On average, they predict the company's share price to reach $130.42 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
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DTE Energy's stock was trading at $117.53 at the beginning of 2023. Since then, DTE stock has decreased by 3.4% and is now trading at $113.59.
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DTE Energy saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,040,000 shares, an increase of 7.4% from the December 31st total of 1,900,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 1.4 days.
View DTE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our DTE earnings forecast.

DTE Energy will be holding an earnings conference call on Thursday, February 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

DTE Energy (NYSE:DTE) released its quarterly earnings data on Tuesday, October, 26th. The utilities provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by $0.11. The utilities provider had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.35 billion. DTE Energy had a trailing twelve-month return on equity of 12.90% and a net margin of 5.79%. During the same period last year, the business earned $2.61 earnings per share.
Read the conference call transcript.

DTE Energy declared a quarterly dividend on Thursday, November 10th. Investors of record on Monday, December 19th will be given a dividend of $0.952 per share on Sunday, January 15th. This represents a $3.81 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, December 16th. This is a boost from the stock's previous quarterly dividend of $0.89.
Read our dividend analysis for DTE.

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 61.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

DTE Energy issued an update on its FY 2023 earnings guidance on Sunday, December, 11th. The company provided earnings per share (EPS) guidance of $6.09-$6.40 for the period, compared to the consensus earnings per share estimate of $6.27. The company issued revenue guidance of -.

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.

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).

DTE Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTE."

DTE Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Calamos Advisors LLC (0.18%), Allspring Global Investments Holdings LLC (0.15%), New York State Teachers Retirement System (0.13%), Assenagon Asset Management S.A. (0.07%), Natixis Advisors L.P. (0.06%) and Gratus Capital LLC (0.06%). Insiders that own company stock include David A Thomas, Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Mark C Rolling, Peter B Oleksiak, Robert A Richard, Tracy J Myrick and Trevor F Lauer.
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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.
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One share of DTE stock can currently be purchased for approximately $113.59.

DTE Energy (NYSE:DTE) has a market capitalization of $22.01 billion and generates $14.96 billion in revenue each year. The utilities provider earns $907 million in net income (profit) each year or $5.78 on an earnings per share basis.

The company employs 10,300 workers across the globe.

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.