DTE Energy (DTE) Set to Announce Earnings on Wednesday

DTE Energy (NYSE:DTE) is scheduled to be releasing its earnings data before the market opens on Wednesday, February 7th. Analysts expect DTE Energy to post earnings of $1.00 per share for the quarter.

DTE Energy (NYSE:DTE) opened at $104.24 on Wednesday. The firm has a market cap of $18,925.68, a price-to-earnings ratio of 19.09, a P/E/G ratio of 3.04 and a beta of 0.23. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. DTE Energy has a 1-year low of $96.56 and a 1-year high of $116.74.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Monday, December 18th were issued a $0.8825 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $3.53 annualized dividend and a yield of 3.39%. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio is currently 64.65%.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the transaction, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on DTE. KeyCorp reaffirmed a “buy” rating and issued a $118.50 target price on shares of DTE Energy in a report on Friday, December 15th. Bank of America began coverage on shares of DTE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. Credit Suisse Group dropped their target price on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Guggenheim reaffirmed a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $114.39.

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About DTE Energy

DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.

Earnings History for DTE Energy (NYSE:DTE)

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