DTE Energy (DTE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $120.04 to $121.35
• 50-Day Range: $117.03 to $129.99
• 52-Week Range: $102.17 to $131.66
• Volume: 168,213 shs
• Average Volume: 1.14 million shs
• Market Capitalization: $25.07 billion
• P/E Ratio: 16.40
• Dividend Yield: 3.60%
• Price Target: $134.31
• Consensus Rating: Moderate Buy

DTE Energy Stock Analysis - MarketRank™

DTE Energy scored higher than 95% of companies evaluated by MarketBeat, and ranked 4th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

DTE Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

DTE Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.66%

Earnings Growth

Earnings for DTE Energy are expected to grow by 6.66% in the coming year, from $6.76 to $7.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DTE Energy is 16.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.08.

Price to Earnings Ratio vs. Sector

The P/E ratio of DTE Energy is 16.40, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.87.

Price to Earnings Growth Ratio

DTE Energy has a PEG Ratio of 2.23. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

DTE Energy has a P/B Ratio of 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.41% of the outstanding shares of DTE Energy have been sold short.

Short Interest Ratio / Days to Cover

DTE Energy has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DTE Energy has recently increased by 23.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

DTE Energy is a leading dividend payer. It pays a dividend yield of 3.63%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

DTE Energy has been increasing its dividend for 16 years.

Dividend Coverage

The dividend payout ratio of DTE Energy is 59.08%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, DTE Energy will have a dividend payout ratio of 60.47% next year. This indicates that DTE Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -7.07

Percentage of Shares Shorted

1.41% of the outstanding shares of DTE Energy have been sold short.

Short Interest Ratio / Days to Cover

DTE Energy has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DTE Energy has recently increased by 23.83%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.71

News Sentiment

DTE Energy has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for DTE Energy this week, compared to 11 articles on an average week.

Search Interest

Only 8 people have searched for DTE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added DTE Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, DTE Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.61% of the stock of DTE Energy is held by insiders.

Percentage Held by Institutions

76.06% of the stock of DTE Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DTE Stock Analysis - Frequently Asked Questions

How have DTE shares performed this year?

DTE Energy's stock was trading at $110.26 at the beginning of 2024. Since then, DTE stock has increased by 9.7% and is now trading at $121.01.
View the best growth stocks for 2024 here.

How were DTE Energy's earnings last quarter?

DTE Energy (NYSE:DTE) announced its quarterly earnings data on Thursday, July, 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.22. The utilities provider had revenue of $2.88 billion for the quarter, compared to analysts' expectations of $2.65 billion. DTE Energy had a net margin of 12.33% and a trailing twelve-month return on equity of 13.42%.
Read the conference call transcript.

Who are DTE Energy's major shareholders?

DTE Energy's top institutional shareholders include State Street Corp (4.92%), Mizuho Securities USA LLC (3.40%), Geode Capital Management LLC (2.32%) and Janus Henderson Group PLC (1.31%). 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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), General Electric (GE), Adobe (ADBE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 10/15 Dividend: 9/16/2024
• Dividend Payable: 10/15/2024
• Ex-Dividend for 1/15 Dividend: 12/16/2024
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric services
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:DTE
• CUSIP: 23333110
• CIK: 936340
• Web: www.dteenergy.com
• Phone: (313) 235-4000
• Fax: 313-235-6743
• Employees: 9,950
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $134.31
• High Stock Price Target: $147.00
• Low Stock Price Target: $111.00
• Potential Upside/Downside: +11.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.38
• Trailing P/E Ratio: 16.36
• Forward P/E Ratio: 17.86
• P/E Growth: 2.23
• Net Income: $1.40 billion
• Net Margins: 12.33%
• Pretax Margin: 12.32%
• Return on Equity: 13.42%
• Return on Assets: 3.20%

Debt

• Debt-to-Equity Ratio: 1.76
• Current Ratio: 0.83
• Quick Ratio: 0.62

Sales & Book Value

• Annual Sales: $12.42 billion
• Price / Sales: 2.01
• Cash Flow: $13.79 per share
• Price / Cash Flow: 8.76
• Book Value: $53.60 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 207,101,000
• Free Float: 205,838,000
• Market Cap: $25.01 billion
• Optionable: Optionable
• Beta: 0.68