DTE Energy Co (DTE) Updates FY17 Earnings Guidance
DTE Energy Co (NYSE:DTE) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.15-5.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.33.
Several equities analysts have commented on the stock. Jefferies Group LLC reissued a buy rating and set a $117.00 target price (up previously from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Barclays PLC reissued an overweight rating and set a $115.00 target price (up previously from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Zacks Investment Research raised shares of DTE Energy from a hold rating to a buy rating and set a $116.00 target price on the stock in a research note on Tuesday, April 11th. Deutsche Bank AG raised their target price on shares of DTE Energy from $100.00 to $103.00 and gave the company a hold rating in a research note on Tuesday, April 11th. Finally, Credit Suisse Group AG assumed coverage on shares of DTE Energy in a research note on Wednesday, January 25th. They set a neutral rating and a $102.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $108.00.
Shares of DTE Energy Co (NYSE:DTE) traded down 0.74% during trading on Tuesday, hitting $105.17. 168,927 shares of the stock traded hands. The company has a 50 day moving average of $103.56 and a 200-day moving average of $98.97. The company has a market cap of $18.87 billion, a PE ratio of 18.51 and a beta of 0.20. DTE Energy Co has a 1-year low of $86.81 and a 1-year high of $106.15.
DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.93 billion. DTE Energy had a return on equity of 10.44% and a net margin of 8.17%. DTE Energy’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. On average, equities analysts anticipate that DTE Energy Co will post $5.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, June 19th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.11%. DTE Energy’s dividend payout ratio (DPR) is presently 68.46%.
In other news, insider Trevor F. Lauer sold 3,800 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $104.21, for a total value of $395,998.00. Following the completion of the sale, the insider now directly owns 10,117 shares of the company’s stock, valued at approximately $1,054,292.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Gerard M. Anderson sold 17,000 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $98.19, for a total value of $1,669,230.00. Following the completion of the sale, the chairman now directly owns 93,000 shares of the company’s stock, valued at $9,131,670. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,571 shares of company stock valued at $5,007,902. 0.93% of the stock is currently owned by company insiders.
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DTE Energy Company Profile
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