DTE Energy Company (DTE) Releases FY17 Earnings Guidance

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.

COPYRIGHT VIOLATION WARNING: “DTE Energy Company (DTE) Releases FY17 Earnings Guidance” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/11/dte-energy-company-dte-updates-fy17-earnings-guidance.html.

DTE Energy Company Profile

Receive News & Ratings for DTE Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply