DTE Energy Company (DTE)
Utilities4 articles
Price chart
Why is DTE moving today?
+1.1%DTE is +1.1% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
DTE Energy Company (DTE) overview
DTE Energy is a Michigan electric and gas utility.
DTE is a member of the S&P 500. It sits in the Utilities sector. That sector covers electric, gas and water providers prized for steady, regulated income.
DTE Energy Company trades on the NYSE under the ticker symbol DTE. The most recent market data puts the share price at about $129.73. That is up 1.09% on the session. At that price the company is worth roughly $27.00B.
Over the past 52 weeks, DTE has traded between $119.68 and $155.75. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 20.6. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. DTE also pays a dividend. It yields around 3.59% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch DTE
DTE is one of the larger names in the Utilities sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each DTE story as it breaks, and tags it bullish, bearish or neutral.
What moves DTE
- Earnings. DTE reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from DTE.
- Sector news. Utilities stocks often move together, so a rival's news can move DTE too.
Market Mood
Latest DTE news
DTE Energy (DTE) Vice Chairman Sells $678K in Shares
Trevor Lauer, the vice chairman of DTE Energy (DTE), sold $678,000 worth of shares. This divestment is part of Lauer's strategic financial decisions regarding his holdings. It raises questions about insider outlook, particularly when significant trades occur. Such transactions can influence market sentiment and investor confidence in the company's future prospects.
Read More: DTE Energy (DTE) Vice Chairman Sells $678K in Shares
DTE ehf updates investors on recent performance metrics in Q3
DTE ehf reported its latest performance metrics for the third quarter. The company revealed changes in its operational efficiency, although specific data points were not included in the report. The updates are significant as they provide insight into the company's management effectiveness and future prospects. Investors typically look for such metrics to gauge potential stock performance. Understanding these updates can assist investors in making informed decisions regarding DTE ehf shares.
Read More: DTE ehf updates investors on recent performance metrics in Q3
DTE Energy (DTE) Analysts Maintain Buy Rating with Price Target of $168
On May 5, analysts at Jefferies maintained a Buy rating on DTE Energy Company (DTE) but reduced the price target from $170 to $168. The firm expects DTE to experience a compound annual growth rate of 8% or more due to data center deals and a proposal aimed at reducing stock risk. DTE is also negotiating for 2 gigawatts of pipeline capacity, enhancing its growth opportunities. Analysts noted that DTE is currently trading at a 4% discount to the average peer price-to-earnings ratio, signaling potential value for investors.
Read More: DTE Energy (DTE) Analysts Maintain Buy Rating with Price Target of $168
DTE Energy (DTE) Price Target Raised to $162 by BofA
BofA has increased the price target for DTE Energy (DTE) to $162, reflecting a positive growth outlook for the company. This revision signifies investors' confidence in DTE's potential future performance, which may impact market sentiment positively. The raised target suggests a potential upside from current trading levels, encouraging investors to consider buying in. Such analyst actions are often crucial indicators for market movements and can influence stock volatility in the near term.
Read More: DTE Energy (DTE) Price Target Raised to $162 by BofAMore Utilities stocks
Frequently asked questions
Is DTE Energy Company in the S&P 500?
Yes. DTE Energy Company trades as DTE and is a member of the S&P 500. The index lists it in the Utilities sector.
What sector is DTE in?
DTE sits in the Utilities sector of the S&P 500.
Where can I find the latest DTE news?
Right here. This page collects recent DTE news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is DTE Energy Company's stock price?
DTE last traded at about $129.73. Prices move all through the session, so this is the latest quote rather than a live one.
What is DTE Energy Company's market cap?
DTE is worth roughly $27.00B. Market cap is the share price times the number of shares outstanding.
What is DTE's P/E ratio?
DTE trades at a trailing P/E ratio of about 20.6. The ratio compares the share price with earnings per share over the past year.