DTE Energy (NYSE:DTE) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.57-5.99 for the period, compared to the Thomson Reuters consensus estimate of $5.79.
A number of equities research analysts recently commented on the stock. KeyCorp reaffirmed a buy rating and issued a $107.00 price target on shares of DTE Energy in a report on Thursday, March 15th. Guggenheim reaffirmed a buy rating and issued a $112.00 price target on shares of DTE Energy in a report on Friday, February 23rd. Bank of America lifted their price target on shares of DTE Energy from $101.00 to $104.00 and gave the stock an underperform rating in a report on Tuesday, February 20th. Credit Suisse Group reaffirmed a neutral rating and issued a $107.00 price target (up previously from $106.00) on shares of DTE Energy in a report on Tuesday, February 20th. Finally, UBS assumed coverage on shares of DTE Energy in a report on Friday, February 2nd. They issued a neutral rating and a $108.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $110.40.
DTE Energy (NYSE DTE) opened at $102.19 on Tuesday. DTE Energy has a one year low of $97.66 and a one year high of $116.74. The firm has a market cap of $18,345.70, a P/E ratio of 16.14, a P/E/G ratio of 2.94 and a beta of 0.19. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 1.22.
DTE Energy (NYSE:DTE) last released its quarterly earnings data on Friday, February 16th. The utilities provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. DTE Energy had a net margin of 8.99% and a return on equity of 10.81%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $0.81 EPS. equities analysts predict that DTE Energy will post 5.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, March 19th will be paid a $0.8825 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 dividend on an annualized basis and a yield of 3.45%. DTE Energy’s dividend payout ratio is 55.77%.
In other news, insider David Ruud sold 7,680 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $100.54, for a total transaction of $772,147.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lisa A. Muschong sold 1,341 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $100.97, for a total transaction of $135,400.77. Following the transaction, the vice president now owns 2,676 shares of the company’s stock, valued at $270,195.72. The disclosure for this sale can be found here. Insiders sold a total of 21,521 shares of company stock valued at $2,189,173 over the last quarter. 0.59% of the stock is owned by company insiders.
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DTE Energy Company Profile
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.
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