FY2016 Earnings Estimate for DTE Energy Co. (DTE) Issued By KeyCorp
DTE Energy Co. (NYSE:DTE) – KeyCorp upped their FY2016 earnings per share (EPS) estimates for shares of DTE Energy in a report issued on Tuesday. KeyCorp analyst P. Ridzon now forecasts that the brokerage will post earnings of $5.25 per share for the year, up from their prior estimate of $5.05. KeyCorp currently has a “Buy” rating and a $105.00 price objective on the stock.
DTE has been the topic of several other reports. Zacks Investment Research lowered shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. BMO Capital Markets reiterated a “hold” rating on shares of DTE Energy in a report on Wednesday, June 22nd. Barclays PLC reiterated a “buy” rating and set a $108.00 price objective on shares of DTE Energy in a report on Thursday, July 28th. Finally, Macquarie increased their price objective on shares of DTE Energy from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.20.
DTE Energy (NYSE:DTE) opened at 93.05 on Thursday. The stock has a 50 day moving average of $94.20 and a 200 day moving average of $92.94. The firm has a market cap of $16.70 billion, a PE ratio of 22.47 and a beta of 0.26. DTE Energy has a one year low of $77.35 and a one year high of $100.45.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.89 by $0.09. DTE Energy had a net margin of 7.51% and a return on equity of 10.00%. The company earned $2.26 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The firm’s revenue was down .3% on a year-over-year basis.
In related news, Chairman Gerard M. Anderson sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $97.96, for a total value of $1,714,300.00. Following the transaction, the chairman now owns 77,500 shares in the company, valued at $7,591,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc raised its stake in DTE Energy by 1,352.3% in the second quarter. NEXT Financial Group Inc now owns 1,278 shares of the company’s stock worth $126,000 after buying an additional 1,190 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in DTE Energy by 2.6% in the second quarter. TCI Wealth Advisors Inc. now owns 1,486 shares of the company’s stock worth $147,000 after buying an additional 37 shares in the last quarter. Gradient Investments LLC raised its stake in DTE Energy by 13.8% in the second quarter. Gradient Investments LLC now owns 1,695 shares of the company’s stock worth $168,000 after buying an additional 205 shares in the last quarter. Tredje AP fonden purchased a new stake in DTE Energy during the second quarter worth about $171,000. Finally, Global X Management Co. LLC raised its stake in DTE Energy by 138.3% in the second quarter. Global X Management Co. LLC now owns 1,835 shares of the company’s stock worth $182,000 after buying an additional 1,065 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.
About DTE Energy
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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