DTE Energy Company (NYSE:DTE) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.38-5.69 for the period, compared to the Thomson Reuters consensus estimate of $5.42.
A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of DTE Energy from a buy rating to a hold rating in a research note on Monday, July 31st. Bank of America Corporation started coverage on shares of DTE Energy in a research note on Tuesday, October 24th. They set an underperform rating and a $112.00 price objective on the stock. BMO Capital Markets restated a hold rating and issued a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. BidaskClub upgraded shares of DTE Energy from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Finally, KeyCorp reaffirmed a buy rating and issued a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. DTE Energy presently has a consensus rating of Hold and an average target price of $111.50.
DTE Energy Company (NYSE DTE) traded down $0.77 on Friday, reaching $112.45. 636,000 shares of the company’s stock were exchanged, compared to its average volume of 874,839. DTE Energy Company has a one year low of $90.01 and a one year high of $113.71. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $20,310.57, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.41 and a beta of 0.23.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts predict that DTE Energy Company will post 5.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be given a $0.8825 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 annualized dividend and a dividend yield of 3.14%. DTE Energy’s dividend payout ratio (DPR) is 60.44%.
In other news, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the sale, the insider now owns 25,257 shares in the company, valued at $2,779,027.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.
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DTE Energy Company Profile
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