DTE Energy Company (DTE)

NYSE: DTE · IEX Real-Time Price · USD
112.76
-1.95 (-1.70%)
Feb 3, 2023, 4:03 PM EST - Market closed
-1.7%
Market Cap 21.85B
Revenue (ttm) 19.40B
Net Income (ttm) 1.12B
Shares Out 193.74M
EPS (ttm) 5.78
PE Ratio 19.51
Forward PE 18.73
Dividend $3.61 (3.20%)
Ex-Dividend Date Dec 16, 2022
Volume 1,264,370
Open 113.72
Previous Close 114.71
Day's Range 110.73 - 114.08
52-Week Range 100.64 - 140.23
Beta 0.60
Analysts Buy
Price Target 130.49 (+15.72%)
Earnings Date Feb 23, 2023

About DTE

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The company's Gas segment purchases, stores, transports, d... [Read more]

Sector Utilities
Founded 1903
Employees 10,400
Stock Exchange NYSE
Ticker Symbol DTE
Full Company Profile

Financial Performance

In 2021, DTE's revenue was $14.96 billion, an increase of 31.00% compared to the previous year's $11.42 billion. Earnings were $907.00 million, a decrease of -33.70%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is $130.49, which is an increase of 15.72% from the latest price.

Price Target
$130.49
(15.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

DTE Energy Board of Directors declares quarterly dividend

Company continues more than 100-year history of issuing cash dividend Company continues more than 100-year history of issuing cash dividend

3 days ago - GlobeNewsWire

New skilled-trade academy offers Detroiters jobs and energy efficient home repairs

DTE Energy and Walker-Miller Energy Services launch Energy Efficiency Academy partnership, quadrupling program participants in 2023The program will serve:Detroiters – providing training accreditation ...

1 week ago - GlobeNewsWire

DTE Energy reduces natural gas rate, saving customers money on their heating bills

DTE's natural gas buying strategy protects customers from natural gas price spikes, keeping DTE among Michigan's lowest-cost providers DTE's natural gas buying strategy protects customers from natural...

2 weeks ago - GlobeNewsWire

DTE Energy schedules full year 2022 earnings release, conference call

Detroit, Jan. 13, 2023 (GLOBE NEWSWIRE) -- DETROIT, Jan. 13, 2023 – DTE Energy (NYSE:DTE) will announce its full year 2022 earnings before the market opens Thursday, Feb. 23, 2023.

3 weeks ago - GlobeNewsWire

DTE Energy retires two coal plants as part of its vision to generate carbon-free power for the grid of the future

Detroit, Dec. 08, 2022 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of clean energy, today announced the retirement of two coal-fired power plants, bringing Southeast Michiga...

2 months ago - GlobeNewsWire

DTE Energy sets 2023 annual meeting date

DETROIT, Dec. 08, 2022 (GLOBE NEWSWIRE) -- DETROIT, Dec. 8, 2022 – The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2023 Annual Meeting of Common Stock Shareholders will be Thurs...

2 months ago - GlobeNewsWire

DTE Energy annual sustainability report highlights company efforts toward a clean energy future

Detroit, Nov. 23, 2022 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released its 2021 Sustainability Report, the company's annual publication detailing its environmental, social and governance (ESG...

2 months ago - GlobeNewsWire

DTE Energy names Andy Coulouris to vice president, Corporate and Government Affairs

Detroit, Nov. 17, 2022 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today announced the promotion of Andy Coulouris, director, Federal Affairs, to vice president, Corporate and Government Affairs. Coulo...

2 months ago - GlobeNewsWire

DTE Energy issues dividend

Company continues more than 100-year history of issuing cash dividend Company continues more than 100-year history of issuing cash dividend

3 months ago - GlobeNewsWire

DTE Energy Foundation provides $1.26 million in grants to support economic progress and community transformation in Metro Detroit

Grants will fund job development, small business growth, immigrant services and transformative community events Grants will fund job development, small business growth, immigrant services and transfor...

3 months ago - GlobeNewsWire

DTE Energy proposes transformational investment in Michigan-made renewable energy and accelerates emission reductions

Detroit, Nov. 03, 2022 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released its CleanVision plan, a 20-year proposal to dramatically transform how the company generates electricity as part of its ...

3 months ago - GlobeNewsWire

DTE Energy (DTE) Q3 Earnings Surpass Estimates, Decline Y/Y

DTE Energy's (DTE) operating net income in the third quarter totals $311 million compared with $334 million in the year-ago quarter.

3 months ago - Zacks Investment Research

DTE Energy reports strong third quarter 2022 results

DETROIT, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Following a quarter marked by environmental stewardship, collaboration with regional business partners and investments in our communities, DTE Energy (NYSE:D...

3 months ago - GlobeNewsWire

What's in the Cards for DTE Energy (DTE) in Q3 Earnings?

DTE Energy's (DTE) Q3 results are likely to reflect sales growth, buoyed by favorable weather conditions. However, higher expenses may have dented the bottom line.

3 months ago - Zacks Investment Research

DTE Energy (DTE) Adds 7-Eleven to Its MIGreenPower Program

DTE Energy (DTE) announces the inclusion of 7-Eleven in its MIGreenPower program, thus taking a step forward in achieving its green energy target.

3 months ago - Zacks Investment Research

Earnings Preview: DTE Energy (DTE) Q3 Earnings Expected to Decline

DTE Energy (DTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

7-Eleven signs 20-year clean energy agreement in Michigan through DTE Energy's MIGreenPower program

DTE Energy (NYSE: DTE) and 7-Eleven, Inc. today announced 7-Eleven's enrollment in MIGreenPower, DTE's voluntary renewable energy program. The enrollment will enable 7-Eleven to achieve 100% renewable...

3 months ago - GlobeNewsWire

DTE Energy schedules third quarter 2022 earnings release, conference call

Detroit, Oct. 13, 2022 (GLOBE NEWSWIRE) -- DETROIT, October 13, 2022 – DTE Energy (NYSE:DTE) will announce its third quarter 2022 earnings before the market opens Thursday, October 27, 2022.

4 months ago - GlobeNewsWire

Here's Why DTE Energy (DTE) is Poised for a Turnaround After Losing 21.8% in 4 Weeks

The heavy selling pressure might have exhausted for DTE Energy (DTE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts ...

4 months ago - Zacks Investment Research

EBR or DTE: Which Is the Better Value Stock Right Now?

EBR vs. DTE: Which Stock Is the Better Value Option?

Other symbols: EBR
5 months ago - Zacks Investment Research

The 7 Best Meme Stocks to Buy Now

On the one hand, it's logical to avoid meme stocks entirely. The set of circumstances that allowed meme stocks to thrive is no longer in place because the massive liquidity that had boosted the econom...

Other symbols: ATOMDGHHCKRWENX
5 months ago - InvestorPlace

3 Dividend-Paying Electric Power Stocks for Steady Income

Investors should watch utilities like EXC, DTE and OGE, with decent dividend yields and plans of increasing from the current levels. These will help investors generate stable returns amid choppy marke...

Other symbols: EXCOGE
5 months ago - Zacks Investment Research

The 7 Best Utility Stocks to Buy Now

Especially during these difficult circumstances, investors seeking shelter and reliable growth opportunities should consider the best utility stocks to buy. Fundamentally, power distribution features ...

Other symbols: CNPDUKEDPNWSREWEC
5 months ago - InvestorPlace

A Pair of Undervalued Stocks Crushing the S&P 500 Index

The S&P 500 Index has lost nearly 18% year to date as the markets continue to trend lower. Interest rate hikes, high inflation, supply chain constraints, Covid-19 restrictions, the Russian invasion of...

Other symbols: MRK
5 months ago - GuruFocus

More than 250,000 DTE Energy in Michigan without power after storms

More than 250,000 customers of DTE Energy DTE, +0.21% are still without power on Tuesday morning, according to the outage map from Michigan's largest electric and gas company. The outages began after ...

5 months ago - Market Watch