DTE Energy (NYSE:DTE) announced its quarterly earnings data on Friday, February 16th. The utilities provider reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.07, Bloomberg Earnings reports. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.17 billion. DTE Energy had a net margin of 8.99% and a return on equity of 10.81%. During the same quarter in the prior year, the firm earned $0.81 EPS. DTE Energy updated its FY18 guidance to $5.57-5.99 EPS.
DTE Energy (DTE) opened at $100.91 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 1.22. DTE Energy has a twelve month low of $97.66 and a twelve month high of $116.74. The firm has a market cap of $18,033.57, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.89 and a beta of 0.19.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders 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 3.50%. DTE Energy’s dividend payout ratio (DPR) is currently 55.77%.
A number of equities analysts have recently issued reports on DTE shares. Bank of America increased their price target on shares of DTE Energy from $101.00 to $104.00 and gave the company an “underperform” rating in a report on Tuesday, February 20th. Wells Fargo & Co upgraded shares of DTE Energy from a “market perform” rating to an “outperform” rating in a report on Friday, January 12th. Credit Suisse Group reiterated a “neutral” rating and issued a $107.00 price target (up previously from $106.00) on shares of DTE Energy in a report on Tuesday, February 20th. UBS Group started coverage on shares of DTE Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $108.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and issued a $112.00 price target on shares of DTE Energy in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $111.55.
In other DTE Energy news, insider David Ruud sold 7,680 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $100.54, for a total transaction of $772,147.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerard M. Anderson sold 12,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $102.53, for a total transaction of $1,281,625.00. Following the transaction, the chief executive officer now 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 have sold a total of 21,521 shares of company stock valued at $2,189,173 over the last 90 days. 0.53% of the stock is currently owned by 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.
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