Equities research analysts predict that DTE Energy Company (NYSE:DTE) will announce earnings of $0.94 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for DTE Energy’s earnings. The lowest EPS estimate is $0.92 and the highest is $0.95. DTE Energy reported earnings per share of $0.98 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.1%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that DTE Energy will report full year earnings of $5.34 per share for the current year, with EPS estimates ranging from $5.30 to $5.35. For the next financial year, analysts anticipate that the firm will post earnings of $5.68 per share, with EPS estimates ranging from $5.60 to $5.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for DTE Energy.
DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.22. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.93 billion. DTE Energy had a net margin of 9.04% and a return on equity of 10.74%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share.
DTE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $116.00 target price for the company in a research report on Tuesday, April 11th. Deutsche Bank AG increased their target price on shares of DTE Energy from $100.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Barclays PLC reiterated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of DTE Energy in a research report on Sunday, April 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $117.00 target price (up previously from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. Finally, BidaskClub lowered shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $107.67.
DTE Energy (NYSE:DTE) traded up 0.65% during mid-day trading on Monday, reaching $106.08. 865,161 shares of the company were exchanged. The stock has a market capitalization of $19.03 billion, a P/E ratio of 18.67 and a beta of 0.21. DTE Energy has a 12 month low of $89.66 and a 12 month high of $111.35. The company’s 50 day moving average price is $108.49 and its 200-day moving average price is $102.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a dividend yield of 3.11%. DTE Energy’s dividend payout ratio (DPR) is 58.10%.
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In other DTE Energy news, Chairman Gerard M. Anderson sold 17,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $104.77, for a total value of $1,781,090.00. Following the completion of the transaction, the chairman now directly owns 80,000 shares in the company, valued at $8,381,600. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Trevor F. Lauer sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $104.21, for a total transaction of $395,998.00. Following the completion of the transaction, the insider now owns 10,117 shares of the company’s stock, valued at $1,054,292.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,064 shares of company stock valued at $3,309,851. Corporate insiders own 0.53% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock valued at $131,000 after buying an additional 14 shares during the last quarter. Johnson Financial Group Inc. boosted its position in shares of DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock valued at $158,000 after buying an additional 1,069 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares during the last quarter. Davis R M Inc. purchased a new position in shares of DTE Energy during the first quarter valued at approximately $206,000. Finally, Schnieders Capital Management LLC purchased a new position in shares of DTE Energy during the first quarter valued at approximately $207,000. Institutional investors own 67.92% of the company’s stock.
DTE Energy Company Profile
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