Dte Energy Stock Today
| DTE Stock | USD 110.12 1.55 1.43% |
Performance7 of 100
| Odds Of DistressLess than 33
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DTE Energy is trading at 110.12 as of the 24th of April 2024, a 1.43 percent up since the beginning of the trading day. The stock's lowest day price was 107.88. DTE Energy has about a 33 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for DTE Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Utilities | IPO Date 2nd of January 1970 |
The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. The company was founded in 1903 and is headquartered in Detroit, Michigan. The company has 206.92 M outstanding shares of which 3.44 M shares are currently shorted by investors with about 2.79 days to cover. More on DTE Energy
Moving together with DTE Stock
| 0.71 | D | Dominion Energy Financial Report 3rd of May 2024 | PairCorr |
| 0.79 | ES | Eversource Energy Financial Report 1st of May 2024 | PairCorr |
| 0.8 | FE | FirstEnergy Earnings Call This Week | PairCorr |
Moving against DTE Stock
| 0.62 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.43 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
DTE Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. DTE Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding DTE Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, DTE Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to DTE Energy's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | Gerard Anderson | ||||
| Thematic Idea | Utilities (View all Themes) | ||||
| Old Name | Deutsche Telekom AG Na | ||||
| Business Concentration | Multi-Utilities, Utilities - Regulated Electric, Utilities, NYSE Composite, DAX Index, SP 500 Index, DAX Price, PHLX Utility, Utilities, Multi-Utilities, Utilities—Regulated Electric, Utilities (View all Sectors) | ||||
| Excise Tax Activities | CoalNuclear | ||||
| Average Analyst Recommendation Analysts covering DTE Energy report their recommendations after researching DTE Energy's financial statements, talking to executives and customers, or listening in on DTE Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering DTE Energy. The DTE consensus assessment is calculated by taking the average forecast from all of the analysts covering DTE Energy. | |||||
DTE Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to DTE Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. DTE Energy's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of DTE Energy's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand DTE Energy's financial leverage. It provides some insight into what part of DTE Energy's total assets is financed by creditors.
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DTE Energy (DTE) is traded on New York Stock Exchange in USA. It is located in One Energy Plaza, Detroit, MI, United States, 48226-1279 and employs 9,950 people. DTE Energy is listed under Multi-Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 22.79 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate DTE Energy's market, we take the total number of its shares issued and multiply it by DTE Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. DTE Energy runs under Multi-Utilities sector within Utilities industry. The entity has 206.92 M outstanding shares of which 3.44 M shares are currently shorted by investors with about 2.79 days to cover.
DTE Energy has about 33 M in cash with 3.22 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13.
Check DTE Energy Probability Of Bankruptcy
Ownership AllocationDTE Energy retains a total of 206.92 Million outstanding shares. The majority of DTE Energy outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in DTE Energy to benefit from reduced commissions. Thus, institutional investors are subject to a different set of regulations than regular investors in DTE Energy. Please pay attention to any change in the institutional holdings of DTE Energy as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check DTE Ownership Details
DTE Stock Price Odds Analysis
What are DTE Energy's target price odds to finish over the current price? Based on a normal probability distribution, the odds of DTE Energy jumping above the current price in 90 days from now is about 14.34%. The DTE Energy probability density function shows the probability of DTE Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon DTE Energy has a beta of 0.0844 suggesting as returns on the market go up, DTE Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding DTE Energy will be expected to be much smaller as well. Additionally, dTE Energy has an alpha of 0.0794, implying that it can generate a 0.0794 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of DTE Energy to move above the current price in 90 days from now is about 14.34 (This DTE Energy probability density function shows the probability of DTE Stock to fall within a particular range of prices over 90 days) .
DTE Stock Institutional Holders
Institutional Holdings refers to the ownership stake in DTE Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of DTE Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing DTE Energy's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.3 M | |
| Amvescap Plc. | 2023-12-31 | 2.3 M | |
| Franklin Resources Inc | 2023-12-31 | 2.1 M | |
| Northern Trust Corp | 2023-12-31 | 1.9 M | |
| Legal & General Group Plc | 2023-12-31 | 1.7 M | |
| Massachusetts Financial Services Company | 2023-12-31 | 1.7 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.4 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.3 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 1.3 M | |
| Vanguard Group Inc | 2023-12-31 | 25.1 M | |
| Capital Research Global Investors | 2023-12-31 | 20.9 M |
DTE Energy Historical Income Statement
DTE Energy Income Statement is one of the three primary financial statements used for reporting DTE's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of DTE Energy revenue and expense. DTE Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, DTE Energy's Income Tax Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 2.1 B, whereas Gross Profit is forecasted to decline to about 4.1 B. View More FundamentalsDTE Stock Against Markets
Picking the right benchmark for DTE Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DTE Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DTE Energy is critical whether you are bullish or bearish towards DTE Energy at a given time. Please also check how DTE Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in DTE Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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DTE Energy Corporate Directors
DTE Energy corporate directors refer to members of a DTE Energy board of directors. The board of directors generally takes responsibility for the DTE Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of DTE Energy's board members must vote for the resolution. The DTE Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Barbara Tuckfield | Director - Investor Relations | Profile | |
| Frank Fountain | Independent Director | Profile | |
| Gary Torgow | Independent Director | Profile | |
| Gail McGovern | Independent Director | Profile |
How to buy DTE Stock?
Before investing in DTE Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in DTE Energy. To buy DTE Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of DTE Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase DTE Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located DTE Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased DTE Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as DTE Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy DTE Stock please use our How to Invest in DTE Energy guide.
Already Invested in DTE Energy?
The danger of trading DTE Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DTE Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DTE Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DTE Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for DTE Stock analysis
When running DTE Energy's price analysis, check to measure DTE Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DTE Energy is operating at the current time. Most of DTE Energy's value examination focuses on studying past and present price action to predict the probability of DTE Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTE Energy's price. Additionally, you may evaluate how the addition of DTE Energy to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
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| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
Is DTE Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.539 | Dividend Share 3.878 | Earnings Share 6.76 | Revenue Per Share 61.869 | Quarterly Revenue Growth (0.24) |
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.