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NYSE:DTE

DTE Energy - DTE Stock Forecast, Price & News

$116.19
-0.18 (-0.15%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$115.03
$116.87
50-Day Range
$112.56
$120.72
52-Week Range
$100.64
$140.23
Volume
1.49 million shs
Average Volume
895,265 shs
Market Capitalization
$22.51 billion
P/E Ratio
20.10
Dividend Yield
3.27%
Price Target
$130.33

DTE Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.8% Upside
$129.92 Price Target
Short Interest
Healthy
1.05% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.51
Upright™ Environmental Score
News Sentiment
0.22mentions of DTE Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.83%
From $6.01 to $6.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Utilities Sector

35th out of 84 stocks

Electric Services Industry

17th out of 40 stocks


DTE stock logo

About DTE Energy (NYSE:DTE) Stock

DTE Energy Co. operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. It operates through the following segments: Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment consists of generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. The Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan, and the sale of storage and transportation capacity. The DTE Vantage segment focuses on projects that deliver energy and utility-type products and services to industrial, commercial, and institutional customers, produce reduced emissions fuel, and sell electricity and pipeline-quality gas from renewable energy projects. The Energy Trading segment covers energy marketing and trading operations. The Corporate and Other segment composed of various holding company activities, holds certain non-utility debt, and holds certain investments, as well as funds supporting regional developm

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DTE Stock News Headlines

Morgan Stanley Cuts DTE Energy (NYSE:DTE) Price Target to $130.00
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
DTE Energy (NYSE:DTE) PT Raised to $131.00 at Morgan Stanley
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
Experts Explain: Digital Twins
DTE Energy sets 2023 annual meeting date
Short Volatility Alert: Dte Energy Co
See More Headlines
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DTE Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 1/15 Dividend
12/16/2022
Dividend Payable
1/15/2023
Today
2/02/2023
Next Earnings (Confirmed)
2/23/2023
Fiscal Year End
12/31/2023

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
$129.92
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$907 million
Pretax Margin
5.73%

Debt

Sales & Book Value

Annual Sales
$14.96 billion
Cash Flow
$13.80 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
192,560,000
Market Cap
$22.51 billion
Optionable
Optionable
Beta
0.58

Social Links


Key Executives

  • Jerry Norcia
    Chairman & Chief Executive Officer
  • David Ruud
    Chief Financial Officer & Senior Vice President
  • Steven B. Ambrose
    Chief Information Officer & Vice President
  • Robert A. RichardRobert A. Richard
    Executive Vice President-IT & Customer Service
  • Paula Silver
    Senior Vice President













DTE Stock - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. 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.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price forecast for 2023?

9 equities research analysts have issued 1 year price objectives for DTE Energy's shares. Their DTE share price forecasts range from $122.00 to $140.00. On average, they expect the company's stock price to reach $129.92 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts price targets for DTE
or view top-rated stocks among Wall Street analysts.

How have DTE shares performed in 2023?

DTE Energy's stock was trading at $117.53 at the start of the year. Since then, DTE shares have decreased by 1.1% and is now trading at $116.19.
View the best growth stocks for 2023 here
.

Are investors shorting DTE Energy?

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 short-interest ratio is currently 1.4 days.
View DTE Energy's Short Interest
.

When is DTE Energy's next earnings date?

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

How can I listen to DTE Energy's earnings call?

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.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its quarterly earnings data on Tuesday, October, 26th. The utilities provider reported $1.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by $0.11. The utilities provider had revenue of $3.72 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $2.61 EPS.
Read the conference call transcript
.

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

DTE Energy declared a quarterly dividend on Thursday, November 10th. Stockholders 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 dividend yield of 3.28%. 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
.

Is DTE Energy a good dividend stock?

DTE Energy (NYSE:DTE) pays an annual dividend of $3.81 per share and currently has a dividend yield of 3.27%. 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.

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

DTE Energy issued an update on its FY 2023 earnings guidance on Sunday, December, 11th. The company provided earnings per share guidance of $6.09-$6.40 for the period, compared to the consensus EPS estimate of $6.27. 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.32%), Calamos Advisors LLC (0.18%), Allspring Global Investments Holdings LLC (0.15%), Bank of Montreal Can (0.13%), New York State Teachers Retirement System (0.13%) and New York State Common Retirement Fund (0.12%). 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.
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 $116.19.

How much money does DTE Energy make?

DTE Energy (NYSE:DTE) has a market capitalization of $22.51 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.

How many employees does DTE Energy have?

The company employs 10,300 workers across the globe.

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 2/2/2023 by MarketBeat.com Staff