DTE Energy Company (DTE) Releases FY18 Earnings Guidance
DTE Energy Company (NYSE:DTE) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $5.48- 5.88 for the period, compared to the Thomson Reuters consensus estimate of $5.71. DTE Energy also updated its FY17 guidance to $5.38-5.69 EPS.
DTE Energy Company (DTE) opened at $110.90 on Friday. The stock has a market capitalization of $19,894.35, a PE ratio of 21.53, a price-to-earnings-growth ratio of 3.34 and a beta of 0.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. analysts expect that DTE Energy Company will post 5.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be given a $0.8825 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a yield of 3.18%. DTE Energy’s payout ratio is 60.44%.
DTE has been the subject of several research reports. KeyCorp reiterated a buy rating and issued a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. Jefferies Group LLC reiterated a buy rating and issued a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. BidaskClub upgraded shares of DTE Energy from a hold rating to a buy rating in a research report on Tuesday, August 22nd. BMO Capital Markets restated a hold rating and set a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. Finally, Bank of America Corporation initiated coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They set an underperform rating and a $112.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. DTE Energy currently has an average rating of Hold and an average target price of $111.50.
In related news, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the transaction, the insider now directly owns 25,257 shares of the company’s stock, valued at $2,779,027.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.53% of the stock is owned by corporate insiders.
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About DTE Energy
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