Free Trial
NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

$126.26
+1.33 (+1.06%)
(As of 03:39 PM ET)
Today's Range
$125.69
$126.77
50-Day Range
$108.61
$126.32
52-Week Range
$90.14
$127.59
Volume
622,887 shs
Average Volume
1.07 million shs
Market Capitalization
$26.13 billion
P/E Ratio
20.66
Dividend Yield
3.23%
Price Target
$127.17

DTE Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
0.9% Upside
$127.58 Price Target
Short Interest
Healthy
1.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
0.79mentions of DTE Energy in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.16%
From $6.70 to $7.18 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.

4.73 out of 5 stars

Utilities Sector

4th out of 93 stocks

Electric Services Industry

3rd out of 46 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

DTE contractor killed while on the job in Macomb County
It’s over.
We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.
DTE Energy (NYSE:DTE) Given New $133.00 Price Target at Mizuho
Analysts Set DTE Energy (NYSE:DTE) Price Target at $123.92
It’s over.
We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.
DTE Energy: Navigating Regulatory Uncertainty with a Hold Rating
Wait for the DTE Energy Correction Before Jumping In
See More Headlines
Receive DTE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for DTE Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 7/15 Dividend
6/17/2024
Dividend Payable
7/15/2024
Last Earnings
7/25/2024
Today
9/16/2024
Ex-Dividend for 10/15 Dividend
9/16/2024
Dividend Payable
10/15/2024
Next Earnings (Estimated)
11/06/2024
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
$127.58
High Stock Price Target
$137.00
Low Stock Price Target
$111.00
Potential Upside/Downside
+0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
12.33%

Debt

Sales & Book Value

Annual Sales
$12.40 billion
Cash Flow
$14.06 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
205,675,000
Market Cap
$26.18 billion
Optionable
Optionable
Beta
0.67

Social Links

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

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 to customers.
  • The company's Electric segment generates, distributes, and sells electricity to a diverse customer base in southeastern Michigan, ensuring a steady revenue stream.
  • DTE Energy has a strong presence in the energy market, with a focus on renewable energy sources, which can attract environmentally conscious investors.
  • Recent developments in the company's infrastructure and technology investments have improved operational efficiency and reduced costs, potentially leading to higher profitability.
  • With the current stock price of DTE Energy showing positive growth trends, investors may see potential for capital appreciation in the near future.

Cons

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

  • Deutsche Telekom AG, not DTE Energy, provides integrated telecommunication services, which may cause confusion for investors looking specifically at DTE Energy.
  • While DTE Energy has a strong presence in southeastern Michigan, regional dependencies can pose risks in case of economic downturns or regulatory changes.
  • Fluctuations in energy prices and regulatory policies can impact DTE Energy's profitability and stock performance, leading to potential investment risks.
  • Competition in the energy sector is intense, with other companies vying for market share and potentially affecting DTE Energy's growth prospects.
  • Investors should carefully consider market conditions and industry trends before making investment decisions related to 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, September 4, 2024. Please send any questions or comments about these DTE Energy pros and cons to contact@marketbeat.com.

DTE Stock Analysis - Frequently Asked Questions

How have DTE shares performed this year?

DTE Energy's stock was trading at $110.26 at the start of the year. Since then, DTE shares have increased by 14.6% and is now trading at $126.41.
View the best growth stocks for 2024 here
.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) announced its earnings results on Thursday, July, 25th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. The utilities provider had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a trailing twelve-month return on equity of 12.18% and a net margin of 11.18%.
Read the conference call transcript
.

Who are DTE Energy's major shareholders?

Top institutional investors of DTE Energy include Ameriprise Financial Inc. (2.69%), Clearbridge Investments LLC (1.10%), Massachusetts Financial Services Co. MA (0.81%) and Bank of New York Mellon Corp (0.68%). Insiders that own company stock include Trevor F Lauer, Mark W Stiers, Robert A Richard, Joann Chavez, Joi M Harris, Matthew T Paul, Lisa A Muschong and Tracy J Myrick.
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.

What other stocks do shareholders of DTE Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that DTE Energy investors own include AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Verizon Communications (VZ) and AbbVie (ABBV).

This page (NYSE:DTE) was last updated on 9/16/2024 by MarketBeat.com Staff

From Our Partners