DTE Energy - DTE Stock Forecast, Price & News

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.

Analyst Ratings Changes

A number of research analysts recently commented on DTE shares. Credit Suisse Group boosted their price objective on shares of DTE Energy to $140.00 in a research report on Tuesday, August 9th. Barclays decreased their target price on shares of DTE Energy from $141.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. Citigroup boosted their target price on shares of DTE Energy from $134.00 to $146.00 in a research report on Tuesday, May 3rd. Morgan Stanley decreased their target price on shares of DTE Energy from $143.00 to $137.00 and set an "overweight" rating for the company in a research report on Monday, May 23rd. Finally, Mizuho decreased their target price on shares of DTE Energy from $137.00 to $130.00 and set a "buy" rating for the company in a research report on Monday, July 11th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.00.

DTE Energy Price Performance

Shares of DTE Stock traded up $1.58 during mid-day trading on Friday, reaching $134.91. The company's stock had a trading volume of 1,080,338 shares, compared to its average volume of 877,854. DTE Energy has a 1-year low of $108.22 and a 1-year high of $140.23. The company has a market cap of $26.14 billion, a P/E ratio of 34.42, a PEG ratio of 3.74 and a beta of 0.60. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.59. The firm's 50-day moving average is $125.81 and its two-hundred day moving average is $127.33.

DTE Energy (NYSE:DTE - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.88 earnings per share (EPS) 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 quarter last year, the firm posted $1.70 earnings per share. On average, research analysts predict that DTE Energy will post 6.02 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Monday, September 19th will be issued a $0.885 dividend. This represents a $3.54 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, September 16th. DTE Energy's payout ratio is 90.31%.

Insider Transactions at DTE Energy

In other news, EVP Robert A. Richard sold 2,900 shares of the company's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $130.31, for a total value of $377,899.00. Following the sale, the executive vice president now owns 18,046 shares of the company's stock, valued at approximately $2,351,574.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DTE Energy news, VP Lisa A. Muschong sold 600 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $134.28, for a total transaction of $80,568.00. Following the sale, the vice president now owns 3,485 shares of the company's stock, valued at approximately $467,965.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert A. Richard sold 2,900 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $130.31, for a total transaction of $377,899.00. Following the sale, the executive vice president now directly owns 18,046 shares in the company, valued at approximately $2,351,574.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,300 shares of company stock valued at $692,701. 0.61% of the stock is owned by insiders.