DTE Energy (NYSE:DTE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.48-$5.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.68. DTE Energy also updated its FY17 guidance to $5.38-$5.69 EPS.
Shares of DTE Energy (NYSE DTE) traded up $0.50 during mid-day trading on Tuesday, hitting $115.99. The company had a trading volume of 677,100 shares, compared to its average volume of 878,500. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77. DTE Energy has a 1-year low of $95.23 and a 1-year high of $116.74. The company has a market cap of $20,600.00, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.23.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. sell-side analysts predict that DTE Energy will post 5.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be issued a $0.8825 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a yield of 3.04%. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is 60.33%.
A number of analysts have issued reports on the company. Bank of America assumed coverage on DTE Energy in a report on Tuesday, October 24th. They issued an underperform rating and a $112.00 target price on the stock. BidaskClub raised DTE Energy from a hold rating to a buy rating in a report on Tuesday, August 22nd. KeyCorp reaffirmed a buy rating and issued a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. Credit Suisse Group lowered their target price on DTE Energy from $113.00 to $112.00 and set a neutral rating on the stock in a report on Thursday, October 26th. Finally, Jefferies Group reaffirmed a buy rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. DTE Energy currently has an average rating of Hold and a consensus price target of $111.50.
In other news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the sale, the chairman now owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by company insiders.
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DTE Energy Company Profile
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