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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$111.30
+4.17 (+3.89%)
(As of 03/27/2024 ET)
Today's Range
$107.95
$111.41
50-Day Range
$102.36
$112.95
52-Week Range
$90.14
$116.73
Volume
1.67 million shs
Average Volume
1.23 million shs
Market Capitalization
$23.03 billion
P/E Ratio
16.46
Dividend Yield
3.67%
Price Target
$114.00

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
2.4% Upside
$114.00 Price Target
Short Interest
Healthy
1.56% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.72
Upright™ Environmental Score
News Sentiment
0.60mentions of DTE Energy in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.17 M Sold Last Quarter
Proj. Earnings Growth
7.31%
From $6.70 to $7.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Utilities Sector

10th out of 90 stocks

Electric Services Industry

4th out of 41 stocks

DTE stock logo

About DTE Energy Stock (NYSE:DTE)

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to various residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air 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 1849 and is based in Detroit, Michigan.

DTE Stock Price History

DTE Stock News Headlines

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DTE Energy (NYSE:DTE) PT Raised to $109.00
Cook: Utilities should take money out of politics
Miami International Airport
Trenton Channel Power Plant smokestacks demolished
Olivia Munn
See More Headlines
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Company Calendar

Ex-Dividend for 1/15 Dividend
12/15/2023
Dividend Payable
1/15/2024
Last Earnings
2/08/2024
Ex-Dividend for 4/15 Dividend
3/15/2024
Today
3/28/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Multi-Utilities
CUSIP
23333110
Employees
9,950
Year Founded
1995

Price Target and Rating

Average Stock Price Target
$114.00
High Stock Price Target
$124.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
12.29%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$14.18 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
206,346,000
Market Cap
$23.03 billion
Optionable
Optionable
Beta
0.64

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Should I Buy DTE Energy Stock? DTE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of DTE Energy was last updated on Tuesday, March 26, 2024 at 10:54 PM.

Pros

Here are some ways that investors could benefit from investing in DTE Energy:

  • DTE Energy engages in utility operations, providing stability and consistent revenue streams.
  • The company's diversified energy portfolio, including wind and solar assets, positions it well for the shift towards renewable energy sources.
  • DTE Energy's Energy Trading segment involvement in power and natural gas trading can capitalize on market fluctuations for potential profits.
  • Recent positive analyst recommendations and price target boosts by reputable firms like Morgan Stanley indicate growth potential.
  • Strong presence in southeastern Michigan's residential, commercial, and industrial electricity and natural gas markets provides a solid customer base.

Cons

Investors should be bearish about investing in DTE Energy for these reasons:

  • Regulatory changes in the energy sector could impact DTE Energy's operations and profitability.
  • Dependence on coal-fired plants for electricity generation may pose challenges with increasing environmental regulations and public sentiment towards fossil fuels.
  • Fluctuations in natural gas prices could affect the profitability of DTE Energy's Gas segment.
  • Competition in the energy market from other utility companies and renewable energy providers may limit DTE Energy's market share growth.
  • Potential risks associated with energy trading activities, such as market volatility and unforeseen events impacting trading positions.

DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 Wall Street research 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 research analysts is that investors should "moderate buy" DTE shares.
View DTE analyst ratings
or view top-rated stocks.

What is DTE Energy's stock price target for 2024?

10 brokerages have issued twelve-month target prices for DTE Energy's shares. Their DTE share price targets range from $106.00 to $124.00. On average, they predict the company's stock price to reach $114.00 in the next year. This suggests a possible upside of 2.4% 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 2024?

DTE Energy's stock was trading at $110.26 at the start of the year. Since then, DTE shares have increased by 0.9% and is now trading at $111.30.
View the best growth stocks for 2024 here
.

Are investors shorting DTE Energy?

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 short-interest ratio is currently 2.8 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, April 25th 2024.
View our DTE earnings forecast
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) posted its quarterly earnings data on Thursday, February, 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.01. The utilities provider had revenue of $3.39 billion for 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 quarter in the prior year, the business earned $1.31 EPS.
Read the conference call transcript
.

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

DTE Energy announced a quarterly dividend on Thursday, February 1st. Investors 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 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, March 15th.
Read our dividend analysis for DTE
.

Is DTE Energy a good dividend stock?

DTE Energy (NYSE:DTE) pays an annual dividend of $4.08 per share and currently has a dividend yield of 3.81%. 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 56.75% 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 2024 earnings guidance on Wednesday, March, 20th. The company provided EPS guidance of 6.540-6.830 for the period, compared to the consensus estimate of 6.690. 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).

Who are DTE Energy's major shareholders?

DTE Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.14%), Vanguard Group Inc. (12.14%), Capital Research Global Investors (10.14%), Neuberger Berman Group LLC (2.28%), Boston Partners (1.23%) and Franklin Resources Inc. (1.02%). 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
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DTE) was last updated on 3/28/2024 by MarketBeat.com Staff

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