DTE Stock Quote and Financial Updates

Author

Reads 226

Close-up Shot of a Stock Report
Credit: pexels.com, Close-up Shot of a Stock Report

DTE Energy's stock quote is listed on the New York Stock Exchange (NYSE) under the ticker symbol DTE.

DTE Energy has a market capitalization of over $20 billion, making it one of the largest energy companies in the United States.

The company has a strong track record of dividend payments, with a current dividend yield of around 3.5%.

DTE Energy's financial performance is influenced by the price of natural gas, which is a significant component of its revenue.

Stock Performance

DTE stock has seen a significant decline in revenue over the past year, with a decrease of -33.72% in 2023 compared to the previous year's $19.23 billion.

The company's earnings, however, have shown an increase of 29.07% to $1.39 billion in 2023.

DTE Energy Co Pref Series E has experienced a lack of growth in its financial performance, with a diluted EPS (TTM) of 0 and revenue growth YOY of 0.

Here's a summary of DTE Energy Co Pref Series E's stock performance at a glance:

Stock Price Drop Explained

Credit: youtube.com, Explained: Why DeepSeek AI Rattled Stock Markets | $1 Trillion Wiped Out, NVIDIA Lost $593 Billion

DTE Energy's stock price took a hit today, but it's not immediately clear why. A sizable corporate action might be to blame.

The company's earnings history has been unsteady, making it difficult to predict its performance. DTE Energy's Q2 expectations are uncertain due to its past earnings issues.

A corporate action can significantly impact a company's stock price. This action might have left investors wondering about the stock's future.

DTE Energy's dividend stock has raised questions about its ability to meet Q2 expectations. Its unsteady earnings history suggests that it may not deliver as expected.

Investors are likely looking for reassurance that DTE Energy will come through for Q2. However, its past performance has been inconsistent, making it a riskier investment.

Stock Performance

DTE Energy Company's stock performance has been quite volatile in recent years. In 2023, the company's revenue plummeted by 33.72% to $12.75 billion.

The stock's market capitalization is a significant $4.197 billion, with a primary exchange listing on the NYSE. DTE Energy Co Pref Series E's market capitalization is not directly comparable, but it's worth noting that their diluted EPS (TTM) is 0.

Credit: youtube.com, Uganda Clays expects improved stock performance

DTW Stock has a day range of $23.09 to $23.357 and a year range of $21 to $24. The stock's performance can be tracked on the NYSE.

Here's a summary of DTE Energy Co Pref Series E's financial performance:

Note that these figures are not directly comparable to DTE Energy Company's financial performance.

Financial Performance

DTE Energy Company's financial performance has been a mixed bag over the years. In 2023, the company's revenue was $12.75 billion, a decrease of -33.72% compared to the previous year's $19.23 billion.

Their earnings were $1.39 billion, an increase of 29.07%. This suggests that despite a decline in revenue, the company was able to improve its earnings.

The company's revenue is expected to continue to decline, with estimates suggesting a decrease to $13,859 million by 2028. However, their earnings are expected to continue to grow, with estimates suggesting an increase to $8.92 by 2028.

Here is a breakdown of DTE Energy Company's estimated financial performance for 2025-2028:

It's worth noting that DTE Energy Company's preferred series E has not shown any growth in its financial performance, with metrics such as diluted EPS, revenue growth, and earnings growth all remaining at 0.

Investor Insights

Credit: youtube.com, How Much Did $1000 In XDTE Actually Pay Me?

DTE stock is a solid investment option, with 13 analysts giving it an average rating of "Buy". This suggests a strong consensus among experts that the stock is worth considering.

The 12-month stock price forecast is $133.08, which represents a 12.21% increase from the latest price. This could be a significant opportunity for investors looking to grow their portfolio.

DTE Energy has a history of consistently increasing its dividend payout, with the latest hike marking the 15th consecutive year. This is a testament to the company's commitment to returning value to its shareholders.

The company's operating revenue and operating EPS have been exceeding analysts' expectations, including in the third quarter. This demonstrates DTE Energy's ability to deliver strong financial performance.

DTE Energy's investment-grade credit rating is a key factor in its attractiveness as a utility stock. This means the company has a solid financial foundation and is well-positioned for long-term growth.

Expand your knowledge: Alternative Investment Market

Company News and Events

Credit: youtube.com, DTE Energy Co DTE 5 Minute Earnings Summary 10 Q Analysis December 31, 2024

DTE Energy has a history of releasing earnings reports and holding annual general meetings. The company's annual general meeting date has varied over the years, with the most recent one scheduled for May 2, 2024.

Some notable earnings reports include a Q4 2023 release of $2.020 USD on February 8, 2024, and a Q3 2023 release of $1.610 USD on November 1, 2023. These reports provide insight into the company's financial performance.

Here are some key dates to keep in mind:

Keep in mind that the company's financial performance has fluctuated over the years, with some quarters seeing higher earnings than others.

Quarterly Board Declaration

The DTE Energy Board of Directors has made a significant declaration regarding quarterly dividends. They have declared a quarterly dividend, continuing a long-standing tradition.

DTE Energy has been issuing cash dividends for over 100 years. This milestone is a testament to the company's commitment to its shareholders and its financial stability.

A different take: Amp Ltd Dividends

Credit: youtube.com, How to Analyse Quarterly Results of a Company ? | Fundamental Analysis of Stocks | Harsh Goela

The quarterly dividend declaration is a regular occurrence for DTE Energy. It's a sign that the company is doing well financially and is able to reward its shareholders with a return on their investment.

DTE Energy's history of issuing cash dividends is a notable one. The company has been doing this for over a century, making it a reliable choice for investors looking for a steady income stream.

Denso Advances Sustainability Efforts Through MIGreenPower Program

Denso is taking significant steps towards sustainability by partnering with DTE Energy's MIGreenPower Program.

The company's Belleville Logistics Center and a facility at its regional headquarters are set to attribute 100% of their electricity use to renewable DTE sources.

This commitment will last for 10 years, beginning in 2028.

Past Events

DTE Energy has a history of releasing quarterly earnings reports, with the most recent ones being $2.020 USD for Q4 2023 and $1.610 USD for Q3 2023. These reports provide valuable insights into the company's financial performance.

Consider reading: Rhodes Scholarships 2023

A Company Logo on a Wall
Credit: pexels.com, A Company Logo on a Wall

The company's annual general meetings are also significant events, with the most recent one being held on May 2, 2024. This meeting likely discussed key company updates and decisions.

DTE Energy has reported a range of earnings per share (EPS) values over the years, from $0.190 USD in Q2 2022 to $6.760 USD at the annual general meeting in 2024.

Here's a breakdown of the company's recent earnings reports and annual general meetings:

Frequently Asked Questions

Is DTE Energy a good stock to buy?

DTE Energy's analyst rating consensus suggests moderate investor optimism, but it's essential to research further to make an informed investment decision. Consider exploring DTE Energy's financials, industry trends, and growth prospects before deciding whether to buy the stock.

Has DTE stock ever split?

Yes, DTE Energy stock has undergone one stock split. This event may have affected the stock's price and trading history.

What is the net worth of DTE?

As of December 27, 2024, DTE Energy Company's net worth, also known as market cap, is $25.13 billion. This represents a 7.52% increase from the previous year.

Is DTE a publicly traded company?

Yes, DTE Energy is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol "DTE". You can find more information about DTE Energy's stock and trading details on the NYSE website.

How to invest in DTE?

To invest in DTE Energy Co, sign up for Stash and open a personal portfolio to purchase fractional shares. This allows you to invest in smaller pieces of the company, making it more accessible to a wider range of investors.

Eric Hintz

Lead Assigning Editor

Eric Hintz is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a background in journalism, Eric has honed his skills in selecting and assigning compelling articles that captivate readers. As a seasoned editor, Eric has a proven track record of identifying emerging trends and topics, including the inner workings of major financial institutions, such as "Banking Headquarters".

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.