DTE Energy Expected to Earn Q1 2021 Earnings of $1.85 Per Share (NYSE:DTE)


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DTE Energy (NYSE:DTE) – Investment analysts at KeyCorp issued their Q1 2021 earnings per share estimates for shares of DTE Energy in a research note issued on Tuesday, January 12th. KeyCorp analyst S. Karp expects that the utilities provider will earn $1.85 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $138.00 target price on the stock. KeyCorp also issued estimates for DTE Energy’s Q3 2021 earnings at $2.23 EPS and Q4 2021 earnings at $1.21 EPS.

Several other analysts have also weighed in on DTE. BidaskClub lowered DTE Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 23rd. BMO Capital Markets lowered DTE Energy from an “outperform” rating to a “market perform” rating and increased their price target for the company from $124.00 to $130.00 in a report on Wednesday, October 28th. Wells Fargo & Company increased their price target on DTE Energy from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating and set a $119.00 target price on the stock. in a research note on Monday, September 21st. Finally, Morgan Stanley reduced their target price on DTE Energy from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $131.38.

NYSE:DTE opened at $121.83 on Thursday. The stock’s fifty day moving average is $122.92 and its 200 day moving average is $119.03. DTE Energy has a fifty-two week low of $71.21 and a fifty-two week high of $135.67. The firm has a market capitalization of $23.47 billion, a PE ratio of 17.26, a PEG ratio of 2.98 and a beta of 0.56. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.88 and a current ratio of 1.12.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.55. DTE Energy had a return on equity of 11.43% and a net margin of 11.30%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the firm earned $1.91 EPS.

Hedge funds have recently modified their holdings of the stock. CX Institutional boosted its stake in DTE Energy by 78.2% in the third quarter. CX Institutional now owns 221 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 97 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in DTE Energy by 72.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 293 shares of the utilities provider’s stock valued at $34,000 after buying an additional 123 shares during the last quarter. Price Wealth LLC grew its holdings in DTE Energy by 1,033.3% in the 3rd quarter. Price Wealth LLC now owns 374 shares of the utilities provider’s stock valued at $43,000 after buying an additional 341 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $44,000. Finally, Jeppson Wealth Management LLC acquired a new stake in shares of DTE Energy during the 3rd quarter worth approximately $46,000. 68.74% of the stock is currently owned by institutional investors.

In related news, CAO Mark C. Rolling sold 1,939 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $129.48, for a total transaction of $251,061.72. Following the sale, the chief accounting officer now owns 11,000 shares of the company’s stock, valued at $1,424,280. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lisa A. Muschong sold 714 shares of the firm’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $130.51, for a total value of $93,184.14. Following the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $261,020. The disclosure for this sale can be found here. Insiders have sold a total of 6,217 shares of company stock worth $797,917 in the last three months. Corporate insiders own 0.57% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, December 21st will be given a dividend of $1.085 per share. This is an increase from DTE Energy’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, December 18th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.56%. DTE Energy’s dividend payout ratio is presently 68.89%.

DTE Energy Company Profile

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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Earnings History and Estimates for DTE Energy (NYSE:DTE)

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