DTE Energy Co (DTE) Expected to Post Earnings of $1.21 Per Share

Equities analysts predict that DTE Energy Co (NYSE:DTE) will report earnings per share (EPS) of $1.21 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for DTE Energy’s earnings. The lowest EPS estimate is $1.21 and the highest is $1.22. DTE Energy reported earnings per share of $0.81 during the same quarter last year, which indicates a positive year over year growth rate of 49.4%. The company is scheduled to announce its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that DTE Energy will report full-year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.55. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.73 per share, with EPS estimates ranging from $5.65 to $5.79. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow DTE Energy.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.80 billion. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share.

DTE has been the topic of several recent analyst reports. Bank of America initiated coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price on the stock. KeyCorp reissued a “buy” rating and issued a $118.50 target price on shares of DTE Energy in a research note on Friday, December 15th. Credit Suisse Group cut their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, October 26th. Finally, Guggenheim reissued a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.17.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the sale, the chairman now directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 2.0% during the second quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock valued at $2,008,779,000 after purchasing an additional 375,899 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of DTE Energy by 0.6% during the second quarter. BlackRock Inc. now owns 14,565,689 shares of the utilities provider’s stock valued at $1,540,905,000 after purchasing an additional 90,525 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of DTE Energy by 36.9% during the second quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock valued at $224,492,000 after purchasing an additional 572,523 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of DTE Energy by 6.4% during the second quarter. Renaissance Technologies LLC now owns 1,932,000 shares of the utilities provider’s stock valued at $204,386,000 after purchasing an additional 116,200 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of DTE Energy by 0.5% during the second quarter. Franklin Resources Inc. now owns 1,878,509 shares of the utilities provider’s stock valued at $198,728,000 after purchasing an additional 8,450 shares during the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.

DTE Energy (NYSE:DTE) traded down $1.80 during midday trading on Monday, hitting $106.30. The company had a trading volume of 923,200 shares, compared to its average volume of 1,021,267. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $19,070.00, a PE ratio of 19.43, a PEG ratio of 3.16 and a beta of 0.23. DTE Energy has a 12 month low of $96.56 and a 12 month high of $116.74.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. This represents a $3.53 annualized dividend and a yield of 3.32%. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date is Friday, December 15th. DTE Energy’s payout ratio is presently 64.53%.

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