Wall Street analysts expect DTE Energy Company (NYSE:DTE) to post earnings of $0.93 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for DTE Energy’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.92. DTE Energy posted earnings per share of $0.98 during the same quarter last year, which would indicate a negative year over year growth rate of 5.1%. The business is expected to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $5.30 to $5.35. For the next fiscal year, analysts expect that the business will post earnings of $5.68 per share, with EPS estimates ranging from $5.60 to $5.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow DTE Energy.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.22. DTE Energy had a net margin of 9.04% and a return on equity of 10.74%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $1.52 earnings per share. DTE Energy’s revenue for the quarter was up 26.1% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $117.00 price objective (up from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Deutsche Bank AG boosted their price objective on shares of DTE Energy from $100.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of DTE Energy in a report on Sunday, April 23rd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. DTE Energy presently has an average rating of “Buy” and an average target price of $107.67.
In other DTE Energy news, Chairman Gerard M. Anderson sold 17,000 shares of the business’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 sale, the chairman now owns 80,000 shares of the company’s stock, valued at approximately $8,381,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the completion of the sale, the vice president now directly owns 2,543 shares of the company’s stock, valued at approximately $278,483.93. The disclosure for this sale can be found here. Insiders sold a total of 31,064 shares of company stock valued at $3,309,851 in the last three months. Insiders own 0.53% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DTE. Gradient Investments LLC increased its stake in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Whittier Trust Co. increased its stake in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares in the last quarter. Van ECK Associates Corp increased its stake in DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock worth $158,000 after buying an additional 237 shares in the last quarter. Johnson Financial Group Inc. increased its stake in DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock worth $158,000 after buying an additional 1,069 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in DTE Energy by 2.1% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock worth $173,000 after buying an additional 33 shares in the last quarter. 67.92% of the stock is owned by hedge funds and other institutional investors.
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DTE Energy (NYSE DTE) traded up 1.10% during trading on Monday, reaching $107.94. 680,568 shares of the company’s stock traded hands. The firm has a market cap of $19.36 billion, a PE ratio of 19.00 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 firm has a 50 day moving average price of $107.94 and a 200-day moving average price of $103.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, September 15th. DTE Energy’s dividend payout ratio is currently 58.10%.
About DTE Energy
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