Brokerages Anticipate DTE Energy (DTE) to Post $0.90 EPS

Wall Street brokerages forecast that DTE Energy (NYSE:DTE) will announce earnings of $0.90 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for DTE Energy’s earnings. DTE Energy reported earnings per share of $1.07 during the same quarter last year, which suggests a negative year-over-year growth rate of 15.9%. The company is expected to report its next earnings results on Wednesday, July 25th.

On average, analysts expect that DTE Energy will report full-year earnings of $5.79 per share for the current year, with EPS estimates ranging from $5.64 to $5.90. For the next year, analysts expect that the firm will post earnings of $6.14 per share, with EPS estimates ranging from $6.05 to $6.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for DTE Energy.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, April 25th. The utilities provider reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.02. DTE Energy had a return on equity of 10.27% and a net margin of 8.34%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share.

A number of equities research analysts recently commented on the company. Guggenheim reiterated a “buy” rating and issued a $112.00 target price on shares of DTE Energy in a research report on Friday, February 23rd. KeyCorp upped their target price on DTE Energy from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. UBS assumed coverage on DTE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $108.00 target price on the stock. Bank of America upped their target price on DTE Energy from $101.00 to $104.00 and gave the company an “underperform” rating in a research report on Tuesday, February 20th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $107.00 target price (up previously from $106.00) on shares of DTE Energy in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $110.00.

In other DTE Energy news, Chairman Gerard M. Anderson sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $102.18, for a total value of $1,532,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerard M. Anderson sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $102.53, for a total value of $1,281,625.00. Following the completion of the transaction, the chief executive officer now directly owns 87,358 shares of the company’s stock, valued at $8,956,815.74. The disclosure for this sale can be found here. Insiders sold 36,521 shares of company stock valued at $3,721,873 over the last three months. 0.59% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in DTE Energy in the fourth quarter valued at approximately $138,000. Focused Wealth Management Inc acquired a new position in DTE Energy in the fourth quarter valued at approximately $164,000. McKinley Carter Wealth Services Inc. acquired a new position in DTE Energy in the first quarter valued at approximately $179,000. Lenox Wealth Advisors Inc. acquired a new position in DTE Energy in the fourth quarter valued at approximately $190,000. Finally, Capital One National Association acquired a new position in DTE Energy in the fourth quarter valued at approximately $201,000. 67.74% of the stock is owned by institutional investors.

Shares of DTE stock opened at $99.92 on Thursday. DTE Energy has a fifty-two week low of $97.66 and a fifty-two week high of $116.74. The stock has a market cap of $18.13 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.88 and a beta of 0.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.93 and a current ratio of 1.16.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 15th. Investors of record on Monday, June 18th will be given a $0.8825 dividend. The ex-dividend date of this dividend is Friday, June 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.53%. DTE Energy’s dividend payout ratio is currently 63.15%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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