DTE Energy Co (NYSE:DTE) – KeyCorp issued their Q1 2017 earnings estimates for shares of DTE Energy in a note issued to investors on Tuesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $1.58 per share for the quarter.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 9th. The utilities provider reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.05. DTE Energy had a net margin of 8.17% and a return on equity of 10.44%. The company earned $2.87 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company earned $1.01 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/04/20/research-analysts-offer-predictions-for-dte-energy-cos-q1-2017-earnings-dte.html.

DTE has been the topic of several other reports. Barclays PLC lifted their price objective on DTE Energy from $101.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Jefferies Group LLC lifted their price objective on DTE Energy to $108.50 in a research note on Friday, February 10th. Deutsche Bank AG boosted their price target on DTE Energy from $100.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Credit Suisse Group AG began coverage on DTE Energy in a research report on Wednesday, January 25th. They set a “neutral” rating and a $102.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.88.

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DTE Energy (NYSE:DTE) opened at 103.84 on Thursday. The firm has a market cap of $18.63 billion, a PE ratio of 21.50 and a beta of 0.20. The firm has a 50-day moving average of $101.92 and a 200-day moving average of $97.52. DTE Energy has a 52-week low of $84.77 and a 52-week high of $104.84.

The business also recently declared a quarterly dividend, which was paid on Saturday, April 15th. Investors of record on Monday, March 20th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 68.46%.

In related news, Director David A. Thomas purchased 673 shares of DTE Energy stock in a transaction that occurred on Monday, February 13th. The shares were purchased at an average cost of $98.02 per share, with a total value of $65,967.46. Following the transaction, the director now owns 1,673 shares of the company’s stock, valued at approximately $163,987.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lisa A. Muschong sold 1,771 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $101.12, for a total value of $179,083.52. Following the transaction, the vice president now directly owns 2,969 shares in the company, valued at $300,225.28. The disclosure for this sale can be found here. Insiders have sold a total of 28,771 shares of company stock worth $2,830,814 over the last three months. 0.93% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Pacific Center for Financial Services bought a new position in DTE Energy during the fourth quarter valued at approximately $111,000. LeJeune Puetz Investment Counsel LLC acquired a new stake in DTE Energy during the fourth quarter valued at about $119,000. Vantage Investment Advisors LLC increased its stake in DTE Energy by 0.7% in the third quarter. Vantage Investment Advisors LLC now owns 1,293 shares of the utilities provider’s stock valued at $121,000 after buying an additional 9 shares in the last quarter. TLP Group LLC acquired a new stake in DTE Energy during the third quarter valued at about $126,000. Finally, Van ECK Associates Corp increased its stake in DTE Energy by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 1,314 shares of the utilities provider’s stock valued at $129,000 after buying an additional 260 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

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