DTE Energy (DTE) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DTE shares.
View DTE analyst ratings or view top-rated stocks.

10 brokers have issued 12-month price objectives for DTE Energy's stock. Their DTE share price targets range from $106.00 to $124.00. On average, they expect the company's share price to reach $114.56 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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DTE Energy's stock was trading at $110.26 at the start of the year. Since then, DTE shares have decreased by 3.4% and is now trading at $106.48.
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DTE Energy saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,230,000 shares, an increase of 13.7% from the February 29th total of 2,840,000 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 2.8 days.
View DTE Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our DTE earnings forecast.

DTE Energy will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

DTE Energy (NYSE:DTE) released its quarterly earnings results on Thursday, February, 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.01. The utilities provider earned $3.39 billion during the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a trailing twelve-month return on equity of 11.00% and a net margin of 10.96%. During the same period in the previous year, the firm earned $1.31 EPS.
Read the conference call transcript.

DTE Energy announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Monday, March 18th will be given a dividend of $1.02 per share on Monday, April 15th. This represents a $4.08 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, March 15th.
Read our dividend analysis for DTE.

DTE Energy (NYSE:DTE) pays an annual dividend of $4.08 per share and currently has a dividend yield of 3.95%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DTE will have a dividend payout ratio of 56.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DTE.

ETFs with the largest weight of DTE Energy (NYSE:DTE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Virtus Reaves Utilities ETF (UTES), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), First Trust EIP Carbon Impact ETF (ECLN) and Utilities Select Sector SPDR Fund (XLU).

DTE Energy issued an update on its FY24 earnings guidance on Wednesday, April, 3rd. The company provided EPS guidance of $6.54-6.83 for the period, compared to the consensus estimate of $6.69.

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's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.08%), Global Assets Advisory LLC (0.05%), Hennessy Advisors Inc. (0.03%), Czech National Bank (0.02%), Wealth Enhancement Advisory Services LLC (0.01%) and Miller Howard Investments Inc. NY (0.01%). Insiders that own company stock include Gerard M Anderson, Joann Chavez, Joi M Harris, Lisa A Muschong, Matthew T Paul, Robert A Richard, Tracy J Myrick and Trevor F Lauer.
View institutional ownership trends.

Shares of DTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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