DTE Energy (NYSE:DTE) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.47-6.75 for the period, compared to the Thomson Reuters consensus estimate of $6.64.
Several research firms recently commented on DTE. Vertical Research began coverage on DTE Energy in a research note on Monday, February 24th. They issued a hold rating and a $143.00 price objective for the company. Credit Suisse Group raised their target price on DTE Energy from $133.00 to $140.00 and gave the stock a neutral rating in a research note on Thursday, February 6th. KeyCorp raised their target price on DTE Energy from $139.00 to $140.00 and gave the stock an overweight rating in a research note on Friday, January 17th. Evercore ISI raised DTE Energy from an in-line rating to an outperform rating and set a $139.00 target price for the company in a research note on Monday, January 27th. Finally, Morgan Stanley cut their target price on DTE Energy from $130.00 to $116.00 and set an equal weight rating for the company in a research note on Thursday, March 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. DTE Energy presently has an average rating of Hold and an average price target of $134.75.
Shares of DTE opened at $76.81 on Tuesday. The stock has a 50-day simple moving average of $117.51 and a 200-day simple moving average of $125.71. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.77. The stock has a market capitalization of $15.98 billion, a PE ratio of 12.17, a PEG ratio of 2.09 and a beta of 0.47. DTE Energy has a 1 year low of $71.21 and a 1 year high of $135.67.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.97 billion. DTE Energy had a return on equity of 10.52% and a net margin of 9.23%. During the same quarter last year, the business posted $0.91 EPS. Analysts predict that DTE Energy will post 6.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be given a dividend of $1.013 per share. This represents a $4.05 annualized dividend and a yield of 5.28%. The ex-dividend date is Friday, March 13th. DTE Energy’s dividend payout ratio (DPR) is 64.29%.
In other DTE Energy news, CFO Peter B. Oleksiak sold 1,800 shares of DTE Energy stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $134.94, for a total transaction of $242,892.00. Following the transaction, the chief financial officer now owns 49,034 shares of the company’s stock, valued at $6,616,647.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.57% of the company’s stock.
About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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