DTE Energy (DTE) to Release Quarterly Earnings on Wednesday

DTE Energy (NYSE:DTE) will announce its earnings results before the market opens on Wednesday, February 7th. Analysts expect the company to announce earnings of $1.00 per share for the quarter.

Shares of DTE Energy (DTE) opened at $102.00 on Tuesday. DTE Energy has a 1-year low of $96.56 and a 1-year high of $116.74. The stock has a market capitalization of $18,300.00, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.98 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, March 19th will be issued a dividend of $0.8825 per share. The ex-dividend date is Friday, March 16th. This represents a $3.53 annualized dividend and a yield of 3.46%. DTE Energy’s dividend payout ratio (DPR) is currently 64.53%.

Several equities research analysts recently issued reports on DTE shares. Wells Fargo & Co upgraded DTE Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 12th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Friday, January 12th. KeyCorp reiterated a “buy” rating and set a $118.50 price target on shares of DTE Energy in a report on Friday, December 15th. Bank of America started coverage on DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and set a $121.00 price target on shares of DTE Energy in a report on Wednesday, January 3rd. 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 company’s stock. DTE Energy has an average rating of “Hold” and a consensus price target of $113.75.

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

Earnings History for DTE Energy (NYSE:DTE)

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