DTE Energy (NYSE:DTE) – Investment analysts at Seaport Res Ptn lifted their FY2021 earnings per share estimates for shares of DTE Energy in a note issued to investors on Thursday, January 13th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $5.88 per share for the year, up from their prior estimate of $5.84. Seaport Res Ptn also issued estimates for DTE Energy’s FY2024 earnings at $6.96 EPS and FY2025 earnings at $7.55 EPS.
Several other equities research analysts have also recently weighed in on DTE. Edward Jones upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 13th. Morgan Stanley raised shares of DTE Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $127.00 to $133.00 in a research note on Thursday, January 6th. Wells Fargo & Company raised shares of DTE Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $124.00 to $123.00 in a research note on Wednesday, December 1st. Mizuho reduced their target price on shares of DTE Energy from $126.00 to $124.00 and set a “buy” rating on the stock in a research note on Monday, November 22nd. Finally, JPMorgan Chase & Co. lowered shares of DTE Energy from an “overweight” rating to a “neutral” rating and set a $126.00 target price on the stock. in a research note on Friday, January 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $128.30.
DTE opened at $118.38 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $22.93 billion, a PE ratio of 26.19, a PEG ratio of 3.36 and a beta of 0.68. DTE Energy has a 1-year low of $96.40 and a 1-year high of $122.14. The firm has a 50-day moving average price of $115.75 and a two-hundred day moving average price of $116.17.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, October 26th. The utilities provider reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.11). The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.35 billion. DTE Energy had a net margin of 6.25% and a return on equity of 12.12%. During the same quarter in the previous year, the business posted $2.61 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Beacon Capital Management Inc. acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $29,000. Mascoma Wealth Management LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $33,000. Destiny Wealth Partners LLC acquired a new stake in shares of DTE Energy in the third quarter valued at approximately $38,000. Samalin Investment Counsel LLC acquired a new stake in shares of DTE Energy in the second quarter valued at approximately $45,000. Finally, Strategic Blueprint LLC acquired a new stake in shares of DTE Energy in the second quarter valued at approximately $47,000. Institutional investors own 72.22% of the company’s stock.
In other DTE Energy news, SVP Joann Chavez sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, December 2nd. The shares were sold at an average price of $110.78, for a total transaction of $55,390.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 15th. Investors of record on Monday, December 20th were paid a dividend of $0.885 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Friday, December 17th. This represents a $3.54 annualized dividend and a yield of 2.99%. DTE Energy’s dividend payout ratio (DPR) is presently 78.32%.
DTE Energy Company Profile
DTE Energy Co operates as a diversified energy company, which engages in the provision of electricity and natural gas sales, distribution and storage services. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other. The Electric segment engages in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in south-eastern Michigan.
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