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NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$104.05
-1.47 (-1.39%)
(As of 12:27 PM ET)
Today's Range
$103.42
$105.27
50-Day Range
$104.21
$112.95
52-Week Range
$90.14
$116.73
Volume
368,846 shs
Average Volume
1.18 million shs
Market Capitalization
$21.53 billion
P/E Ratio
15.39
Dividend Yield
3.92%
Price Target
$114.33

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
8.4% Upside
$114.33 Price Target
Short Interest
Healthy
1.66% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
0.68mentions of DTE Energy in the last 14 days
Based on 25 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.

4.67 out of 5 stars

Utilities Sector

10th out of 90 stocks

Electric Services Industry

3rd out of 40 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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Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
DTE Energy (DTE) Gets a Buy from Barclays
Fire reported at DTE substation in downtown Detroit
Biden to Launch “FedNOW” [Move Your Money Now]
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 4/15 Dividend
3/15/2024
Dividend Payable
4/15/2024
Today
4/16/2024
Next Earnings (Confirmed)
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
$114.33
High Stock Price Target
$124.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+8.4%
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
$13.72 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
206,346,000
Market Cap
$21.84 billion
Optionable
Optionable
Beta
0.64

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

Pros

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

  • DTE Energy Company engages in utility operations, providing a stable and essential service that is in demand regardless of economic conditions.
  • Recent optimization of contracted natural gas pipeline transportation and storage positions can lead to cost savings and improved operational efficiency.
  • Strong historical performance and longevity in the industry since its founding in 1849, indicating a track record of stability and resilience.
  • Continued growth in the Electric segment, with ongoing investments in infrastructure and technology to meet increasing energy demands.
  • Current stock price is favorable for potential investors, offering an attractive entry point for those looking to capitalize on future growth.

Cons

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

  • Deutsche Telekom AG, not related to DTE Energy, provides integrated telecommunication services and may cause confusion for investors looking for information on DTE Energy.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these DTE Energy pros and cons to contact@marketbeat.com.

DTE Stock Analysis - Frequently Asked Questions

Should I buy or sell DTE Energy stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 Wall Street analysts have issued 12 month price objectives for DTE Energy's shares. Their DTE share price targets range from $106.00 to $124.00. On average, they predict the company's share price to reach $114.33 in the next year. This suggests a possible upside of 8.4% 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 on January 1st, 2024. Since then, DTE stock has decreased by 4.3% and is now trading at $105.52.
View the best growth stocks for 2024 here
.

Are investors shorting DTE Energy?

DTE Energy saw a increase in short interest in 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 can I listen to DTE Energy's earnings call?

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.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) issued 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 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 period in the prior year, the company posted $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 declared a quarterly dividend on Thursday, February 1st. Shareholders of record on Monday, March 18th will be paid a dividend of $1.02 per share on Monday, April 15th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend 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 3.84%. 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 FY24 earnings guidance on Wednesday, April, 3rd. The company provided earnings per share guidance of $6.54-6.83 for the period, compared to the consensus estimate of $6.69.

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 many different retail and institutional investors. Top institutional investors include Global Assets Advisory LLC (0.05%), Hennessy Advisors Inc. (0.03%), Czech National Bank (0.02%), Wealth Enhancement Advisory Services LLC (0.01%), Miller Howard Investments Inc. NY (0.01%) and CWM LLC (0.00%). 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 4/16/2024 by MarketBeat.com Staff

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