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NYSE:DTE

DTE Energy (DTE) Stock Price, News & Analysis

DTE Energy logo
$120.18 +2.07 (+1.75%)
(As of 12/20/2024 05:31 PM ET)

About DTE Energy Stock (NYSE:DTE)

Key Stats

Today's Range
$116.70
$120.49
50-Day Range
$117.03
$129.99
52-Week Range
$102.17
$131.66
Volume
3.04 million shs
Average Volume
1.15 million shs
Market Capitalization
$24.89 billion
P/E Ratio
16.28
Dividend Yield
3.63%
Price Target
$134.31
Consensus Rating
Moderate Buy

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.

DTE Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

DTE MarketRank™: 

DTE Energy scored higher than 96% of companies evaluated by MarketBeat, and ranked 5th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about DTE Energy's stock forecast and price target.
  • 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 16.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.74.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of DTE Energy is 16.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.41.

  • 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 2.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.13% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in DTE Energy has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    DTE Energy is a leading dividend payer. It pays a dividend yield of 3.69%, 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.

  • Read more about DTE Energy's dividend.
  • Percentage of Shares Shorted

    1.13% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in DTE Energy has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    DTE Energy has a news sentiment score of 0.66. 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 news sentiment score is similar to the average news sentiment of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for DTE Energy this week, compared to 10 articles on an average week.
  • Search Interest

    Only 10 people have searched for DTE on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 9 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.
  • 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.

  • Read more about DTE Energy's insider trading history.
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DTE Stock News Headlines

Morgan Stanley Reaffirms Their Buy Rating on DTE Energy (DTE)
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Short Interest in DTE Energy (NYSE:DTE) Decreases By 8.6%
See More Headlines

DTE Stock Analysis - Frequently Asked Questions

DTE Energy's stock was trading at $110.26 at the beginning of 2024. Since then, DTE shares have increased by 9.0% and is now trading at $120.18.
View the best growth stocks for 2024 here
.

DTE Energy (NYSE:DTE) posted its quarterly earnings data on Thursday, July, 25th. The utilities provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 12.33% and a trailing twelve-month return on equity of 13.42%.
Read the conference call transcript
.

Top institutional shareholders of DTE Energy 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
.

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.

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
12/22/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/15/2025

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
$134.31
High Stock Price Target
$147.00
Low Stock Price Target
$111.00
Potential Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$1.40 billion
Pretax Margin
12.32%

Debt

Sales & Book Value

Annual Sales
$12.42 billion
Cash Flow
$13.72 per share
Book Value
$53.60 per share

Miscellaneous

Free Float
205,838,000
Market Cap
$24.89 billion
Optionable
Optionable
Beta
0.68

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This page (NYSE:DTE) was last updated on 12/22/2024 by MarketBeat.com Staff
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