$1.21 EPS Expected for DTE Energy Co (NYSE:DTE) This Quarter

Equities research analysts predict that DTE Energy Co (NYSE:DTE) will report earnings per share of $1.21 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for DTE Energy’s earnings, with estimates ranging from $1.16 to $1.25. DTE Energy posted earnings per share of $0.91 during the same quarter last year, which would suggest a positive year over year growth rate of 33%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 6th.

On average, analysts expect that DTE Energy will report full year earnings of $6.20 per share for the current financial year, with EPS estimates ranging from $6.17 to $6.25. For the next year, analysts forecast that the business will post earnings of $6.53 per share, with EPS estimates ranging from $6.36 to $6.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover DTE Energy.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Monday, October 28th. The utilities provider reported $1.91 EPS for the quarter, missing the Zacks’ consensus estimate of $2.00 by ($0.09). DTE Energy had a return on equity of 9.93% and a net margin of 8.24%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $2.13 earnings per share.

DTE has been the subject of several analyst reports. Bank of America upgraded shares of DTE Energy from an “underperform” rating to a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Co set a $145.00 price objective on shares of DTE Energy and gave the company a “buy” rating in a report on Monday, October 21st. ValuEngine cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of DTE Energy in a research note on Tuesday, October 8th. They set a “neutral” rating and a $144.00 target price for the company. Finally, Mizuho set a $134.00 target price on DTE Energy and gave the company a “buy” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $130.17.

A number of hedge funds have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. boosted its holdings in shares of DTE Energy by 308.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 429 shares of the utilities provider’s stock valued at $55,000 after buying an additional 324 shares in the last quarter. Barrett Asset Management LLC boosted its stake in DTE Energy by 70.0% in the second quarter. Barrett Asset Management LLC now owns 510 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 210 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of DTE Energy by 5.2% during the second quarter. Wells Fargo & Company MN now owns 1,360,440 shares of the utilities provider’s stock worth $173,974,000 after purchasing an additional 67,039 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of DTE Energy by 0.4% during the second quarter. Bank of America Corp DE now owns 480,573 shares of the utilities provider’s stock worth $61,455,000 after purchasing an additional 1,785 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of DTE Energy by 227.7% during the third quarter. Retirement Systems of Alabama now owns 279,972 shares of the utilities provider’s stock worth $37,225,000 after purchasing an additional 194,534 shares in the last quarter. 70.13% of the stock is currently owned by institutional investors.

DTE Energy stock traded down $0.13 during trading on Friday, reaching $125.23. The stock had a trading volume of 813,467 shares, compared to its average volume of 1,034,140. DTE Energy has a 52-week low of $107.22 and a 52-week high of $134.37. The business has a 50 day moving average price of $125.06 and a 200 day moving average price of $128.38. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 1.28. The stock has a market cap of $23.71 billion, a PE ratio of 19.88, a P/E/G ratio of 3.36 and a beta of 0.18.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $1.013 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.95. This represents a $4.05 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, December 13th. DTE Energy’s dividend payout ratio is currently 60.00%.

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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