Analysts Expect DTE Energy Co (DTE) Will Post Earnings of $1.95 Per Share

Equities research analysts forecast that DTE Energy Co (NYSE:DTE) will announce $1.95 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for DTE Energy’s earnings, with the highest EPS estimate coming in at $1.98 and the lowest estimate coming in at $1.93. DTE Energy posted earnings of $1.91 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The firm is scheduled to issue its next earnings results before the market opens on Wednesday, April 24th.

According to Zacks, analysts expect that DTE Energy will report full-year earnings of $6.19 per share for the current financial year, with EPS estimates ranging from $6.15 to $6.22. For the next year, analysts anticipate that the company will post earnings of $6.52 per share, with EPS estimates ranging from $6.45 to $6.58. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for DTE Energy.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, February 7th. The utilities provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.01). DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.26 earnings per share.



Several equities research analysts recently issued reports on DTE shares. ValuEngine cut DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Goldman Sachs Group started coverage on DTE Energy in a report on Wednesday, January 16th. They issued a “buy” rating and a $121.00 price objective on the stock. Zacks Investment Research upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Macquarie set a $123.00 price objective on DTE Energy and gave the stock a “buy” rating in a report on Saturday, February 9th. Finally, Credit Suisse Group lifted their price objective on DTE Energy from $110.00 to $113.00 and gave the stock an “underperform” rating in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. DTE Energy has an average rating of “Hold” and a consensus target price of $117.75.

In other DTE Energy news, Chairman Gerard M. Anderson sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $119.39, for a total value of $1,313,290.00. Following the transaction, the chairman now directly owns 79,906 shares of the company’s stock, valued at approximately $9,539,977.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lisa A. Muschong sold 2,616 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $119.80, for a total transaction of $313,396.80. Following the completion of the transaction, the vice president now directly owns 2,933 shares in the company, valued at $351,373.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,316 shares of company stock worth $1,834,835. 0.55% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new position in DTE Energy in the 4th quarter worth approximately $27,000. WP Advisors LLC purchased a new position in DTE Energy in the 1st quarter worth approximately $32,000. 1 North Wealth Services LLC purchased a new position in DTE Energy in the 4th quarter worth approximately $33,000. Claybrook Capital LLC purchased a new position in DTE Energy in the 4th quarter worth approximately $33,000. Finally, Sound Income Strategies LLC lifted its stake in DTE Energy by 327.4% in the 1st quarter. Sound Income Strategies LLC now owns 265 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 203 shares in the last quarter. 70.43% of the stock is currently owned by institutional investors and hedge funds.

DTE stock traded up $0.91 during trading on Tuesday, hitting $123.63. The stock had a trading volume of 111,411 shares, compared to its average volume of 1,049,001. The company has a current ratio of 0.73, a quick ratio of 0.55 and a debt-to-equity ratio of 1.13. DTE Energy has a twelve month low of $94.25 and a twelve month high of $126.07. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 3.32 and a beta of 0.26.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, March 15th. DTE Energy’s payout ratio is 60.00%.

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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