DTE Energy Co (DTE) Releases FY14 Earnings Guidance
DTE Energy Co (NYSE:DTE) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.41, AR Network reports.
On a related note, analysts at ISI Group upgraded shares of DTE Energy from a neutral rating to a buy rating in a research note on Thursday, August 7th. They now have a $79.00 price target on the stock, up previously from $78.00. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. DTE Energy presently has a consensus rating of Buy and an average price target of $79.33.
Shares of DTE Energy Co (NYSE:DTE) traded up 0.59% on Wednesday, hitting $77.88. The stock had a trading volume of 181,133 shares. DTE Energy Co has a 52 week low of $64.45 and a 52 week high of $79.45. The stock’s 50-day moving average is $75.85 and its 200-day moving average is $75.10. The company has a market cap of $13.784 billion and a price-to-earnings ratio of 17.74.
DTE Energy (NYSE:DTE) last released its earnings data on Friday, July 25th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.01. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that DTE Energy Co will post $4.41 earnings per share for the current fiscal year.
In other DTE Energy news, Insider Gerardo Norcia sold 7,480 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $77.42, for a total transaction of $579,101.60. The sale was disclosed in a filing with the SEC, which is available at this link.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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