DTE Energy/DTE

$116.46

-0.27%
-
1D1W1MYTD1YMAX

About DTE Energy

DTE Energy Company is a diversified energy company, which is involved in the development and management of energy-related businesses and services nationwide. The Company’s segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan. DTE Vantage segment is comprised primarily of renewable energy projects that sell electricity and pipeline-quality gas and projects that deliver custom energy solutions to industrial, commercial, and institutional customers. Energy Trading segment consists of energy marketing and trading operations.

Ticker

DTE

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

Gerardo Norcia

Employees

9,950

Headquarters

Detroit, United States

DTE Energy Metrics

BasicAdvanced
$24B
Market cap
18.97
P/E ratio
$6.12
EPS
0.68
Beta
$3.95
Dividend rate
3.51%
Dividend yield
$24B
0.67928
$116.86
$90.14
1.2M
$3.95
0.754
0.543
172.272
196.429
64.58%
2.82%
2.86%
11.57%
3.19%
18.972
1.968
2.15
2.661
3.61%
3.4%
3.51%
-33.77%
8.44%
3.72%
7.48%
-2.02%

What the Analysts think about DTE Energy

Analyst Ratings

Majority rating from 18 analysts.
Buy

Price Targets

Average projection from 13 analysts.
2.16% upside
High $125.00
Low $109.00
$116.46
Current price
$118.97
Average price target

DTE Energy Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
9.66% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$3.2B
-4.54%
Net income
$313M
-25.3%
Profit margin
9.66%
-21.72%

DTE Energy Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 2.6%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.99
$1.44
$1.97
$1.67
-
Expected
$0.93
$1.63
$1.96
$1.71
$1.21
Surprise
6.3%
-11.76%
0.58%
-2.6%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for DTE Energy stock?

DTE Energy (DTE) has a market cap of $24B as of May 18, 2024.

What is the P/E ratio for DTE Energy stock?

The price to earnings (P/E) ratio for DTE Energy (DTE) stock is 18.97 as of May 18, 2024.

Does DTE Energy stock pay dividends?

Yes, the DTE Energy (DTE) stock pays dividends to shareholders. As of May 18, 2024, the dividend rate is $3.945 and the yield is 3.51%. DTE Energy has a payout ratio of 64.58% on a trailing twelve-month basis.

When is the next DTE Energy dividend payment date?

The next DTE Energy (DTE) dividend payment is scheduled for July 15, 2024.

What is the beta indicator for DTE Energy?

DTE Energy (DTE) has a beta rating of 0.68. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the DTE Energy stock price target?

The target price for DTE Energy (DTE) stock is $118.97, which is 2.03% above the current price of $116.6. This is an average based on projections from 13 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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