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How to Buy Dte Energy Co Stock

Dte Energy Co

Dte Energy Co is a regulated electric utility company located in Michigan, United States, which is part of the Utilities sector, and is traded under the ticker DTE on the NYSE exchange.

Dte Energy Co stock last closed at $112.76, down 1.7% from the previous day, and has decreased 6.08% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.04 percentage points. Dte Energy Co stock is currently +12.04% from its 52-week low of $100.64, and -19.59% from its 52-week high of $140.23.

As of Feb 3, 2023, there are 193.74M DTE shares outstanding. The market capitalization of DTE is $21.85B. In the past 24 hours, 1.42M DTE shares were traded.

How to Buy Dte Energy Co Stock

Wondering how to invest in Dte Energy Co stock? Here's how.
  1. Choose where to buy Dte Energy Co stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Dte Energy Co stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your payment method and add your information.
  4. Analyze Dte Energy Co stock: The Dte Energy Co ticker symbol is DTE. Is Dte Energy Co stock a good investment? Should you buy shares of DTE? How do DTE's underlying business fundamentals look? Do top analysts think Dte Energy Co is a good buy? Why has DTE's stock price moved recently? (Hint: Our stock market research tools can help you decide if DTE is a good stock to buy).
  5. Make your DTE buy order: Decide if you will purchase DTE shares at the current market price or use a limit order to buy DTE shares at a specific price.
  6. Track your DTE position: Create a watchlist to keep tabs on your investment in Dte Energy Co shares.

Step 1: Choose where to buy Dte Energy Co stock

You will need a brokerage account to access the NYSE market and buy DTE stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal information so you can invest in DTE stock today.

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  2. Input your personal data to start your new brokerage account.
  1. Submit your data by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you have created your account on the best stock app, you can securely and quickly fund your account:

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Step 4: Analyze Dte Energy Co stock

After you have identified the best place to buy Dte Energy Co stock, it's crucial to research their stock prior to buying, so you can understand the risk as well as the upside.

Dte Energy Co Metrics

DTE Price
$112.76
1w %
-0.73%
1y %
-6.08%
5y %
10.55%
P/E
19.44x
P/B
2.43x
P/S
1.12x
PEG
2.56x
Revenue
$19.40B
Earnings
$1.12B
Fore. Rev. Growth
-5.89%
Fore. Earn. Growth
7.61%
Market Cap
$21.85B
Next Earnings
Feb 23, 2023
Next Dividend
Apr 15, 2023

Dte Energy Co Overview

WallStreetZen was created to help everyday investors do better fundamental analysis quickly.

You can see all of the due diligence checks on DTE's stock page.

What is the fair value of DTE stock?

Analysts use many financial metrics, analyses, models, and charts to gauge DTE's fair value.

Using relative valuations metrics:

  • DTE could be undervalued based on its P/E ratio of 19.44x, relative to Utilities - Regulated Electric industry P/E ratio of 23.57x
  • DTE may be overvalued based on its P/B ratio of 2.43x, relative to Utilities - Regulated Electric industry P/B ratio of 1.7x
  • DTE may be overvalued based on its PEG ratio of 2.56x

You can access additional valuation analysis on DTE's stock here.

A quick look at DTE Financials

Signs that DTE is not financially healthy:

  • DTE has a relatively high debt to equity ratio of 3.67.
  • DTE profit margin has gone down from 6.5% to 5.8% in the past year.
  • DTE has $446.00M in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.36B.
  • There are more short-term liabilities than short-term assets on the DTE balance sheet.
  • There are more long-term liabilities than short-term assets on the DTE balance sheet.
  • Total DTE debt is higher than 5 years ago, relative to shareholder equity.
  • DTE has cash burn of 1357000000. It does not have enough cash and short-term investments to cover this.

Is Dte Energy Co stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 9 Equities analysts who monitor DTE, the consensus analyst rating on Dte Energy Co is a Strong Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Most Recent DTE Analyst Upgrades/Downgrades

Neil Kalton, a top 10% analyst from Wells Fargo maintains DTE with a strong buy rating and lowers their DTE price target from $138.00 to $133.00, on Feb 1, 2023.

Stephen Byrd, a top 4% analyst from Morgan Stanley maintains DTE with a strong buy rating and lowers their DTE price target from $131.00 to $130.00, on Jan 30, 2023.

Steve Fleishman, a top 22% analyst from Wolfe Research upgrades DTE to a buy rating and announces their DTE price target of $125.00, on Dec 8, 2022.

James Thalacker, a bottom 17% analyst from BMO Capital maintains DTE with a hold rating and raises their DTE price target from $117.00 to $125.00, on Nov 22, 2022.

Anthony Crowdell, a top 29% analyst from Mizuho maintains DTE with a strong buy rating and raises their DTE price target from $115.00 to $122.00, on Nov 21, 2022.

You can dive deeper into what analysts are projecting on the Dte Energy Co stock forecast page.

DTE Trading Indicators

SMA10
114.19
SMA20
115.88
SMA50
116.48
SMA100
115.81
SMA200
122.65
MACD
-0.8
MACD Signal
-0.68
MACD Histogram
-0.11
RSI
40.31
Stochastic %K
43.57
Stochastic %D
47.98
StochRSI %K
54.28
StochRSI %D
62.06

How is DTE performing as a company?

Last year, DTE earnings were $1.12B. Over the last 5 year, DTE's earnings have increased by 1.18% per year. This was slower than the Utilities - Regulated Electric industry average of 5.06%.

Last year, DTE revenue was $19.40B. Over the past five year, DTE's revenue has grown by 9.7% per year. This was faster than the Utilities - Regulated Electric industry average of 4.34%.

Find out more about DTE's earnings and revenue performance here.

Latest Insiders Trades at DTE

In the last 12 months, insiders at DTE have sold more shares than they have bought.

Joann Chavez, Sr VP Chief Legal Officer of DTE, was the latest DTE insider to sell. They sold $116.19 worth of DTE stock on Feb 1, 2023.

Dig into more about who owns DTE stock here.

Can I rely on DTE as an income stream?

Dte Energy Co pays a dividend of 3.2%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.61%. If you owned $1,000 worth of DTE stock, you would have been paid $31.99 in the past year.

Dte Energy Co dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more info about Dte Energy Co dividend yield and history here.

What do other traders have to say about DTE?

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Make your DTE buy order

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price limit, use a limit order.

Click the Open button and your broker will place your order.

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Step 6: Track your DTE position

Now that you own some DTE stock, you'll want to keep up with your stock purchase.

Add DTE to a watchlist to get notified of important updates regarding your DTE stock.

DTE Feed

How to Buy Stock in Dte Energy Co

To reiterate, here are the 6 steps to buy Dte Energy Co stock:

  1. Choose where to buy Dte Energy Co stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Analyze Dte Energy Co stock
  5. Make your DTE buy order
  6. Track your DTE position

If you are looking for a place to buy stocks, eToro is our recommended venue.

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If you would like to get the latest scoop on your investment in Dte Energy Co, click the button below.

NYSE: DTE
$112.76-1.95 (-1.7%)
Updated Feb 3, 2023
Open eToro Account
NYSE: DTE
$112.76-1.95 (-1.7%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Dte Energy Co share?

As of Feb 3, 2023, it costs $112.76 to buy one share of Dte Energy Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.089 shares of DTE.

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Is now a good time to buy Dte Energy Co stock?

According to 9 Wall Street analysts who monitor Dte Energy Co, their consensus recommendation is to buy Dte Energy Co stock.

What is the best way to buy Dte Energy Co stock?

One way to place an order for Dte Energy Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.