DTE Energy Company (NYSE:DTE) – KeyCorp decreased their Q3 2017 earnings per share (EPS) estimates for shares of DTE Energy in a report released on Wednesday. KeyCorp analyst P. Ridzon now anticipates that the utilities provider will post earnings of $1.46 per share for the quarter, down from their prior forecast of $1.61. KeyCorp has a “Buy” rating and a $113.00 price target on the stock.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/22/dte-energy-company-forecasted-to-post-q3-2017-earnings-of-1-46-per-share-dte.html.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub downgraded shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reissued a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $108.63.

DTE Energy (NYSE DTE) opened at 112.24 on Friday. DTE Energy has a one year low of $89.66 and a one year high of $113.71. The firm has a market cap of $20.14 billion, a PE ratio of 19.33 and a beta of 0.20. The company’s 50-day moving average is $109.91 and its 200 day moving average is $107.88.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gradient Investments LLC boosted its holdings in DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 3 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in DTE Energy by 0.8% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 10 shares during the last quarter. Advisor Partners LLC boosted its holdings in DTE Energy by 0.5% during the 2nd quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock worth $424,000 after acquiring an additional 21 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in DTE Energy by 0.5% during the 2nd quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 28 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in DTE Energy by 0.6% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 4,738 shares of the utilities provider’s stock worth $501,000 after acquiring an additional 29 shares during the last quarter. 68.55% of the stock is currently owned by hedge funds and other institutional investors.

In other DTE Energy news, insider Larry E. Steward sold 9,999 shares of DTE Energy stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the transaction, the insider now directly owns 39,698 shares of the company’s stock, valued at approximately $4,268,328.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock worth $2,756,681 over the last ninety days. Insiders own 0.53% of the company’s stock.

About DTE Energy

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