Wall Street brokerages predict that DTE Energy Co (NYSE:DTE) will report earnings of $1.21 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for DTE Energy’s earnings. The highest EPS estimate is $1.22 and the lowest is $1.21. DTE Energy reported earnings of $0.81 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 49.4%. The business is scheduled to report its next quarterly 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 financial year, analysts expect that the firm will post earnings of $5.73 per share, with EPS estimates ranging from $5.65 to $5.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow DTE Energy.

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

DTE has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. Credit Suisse Group decreased their target price on shares of DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. KeyCorp reiterated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Bank of America started coverage on shares of DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $111.50.

Shares of DTE Energy (NYSE DTE) traded down $0.36 during trading on Monday, hitting $115.21. 673,516 shares of the stock traded hands, compared to its average volume of 1,050,000. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. DTE Energy has a 1-year low of $93.76 and a 1-year high of $116.40. The firm has a market cap of $20,600.00, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.48 and a beta of 0.22.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be issued a dividend of $0.8825 per share. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 60.33%.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of DTE Energy stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the transaction, the chairman now directly owns 83,000 shares of the company’s stock, valued at approximately $9,373,190. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacad Investment Ltd. bought a new position in shares of DTE Energy in the second quarter worth about $106,000. Spectrum Management Group Inc. bought a new stake in shares of DTE Energy during the third quarter worth approximately $111,000. Sun Life Financial INC raised its stake in shares of DTE Energy by 13,030.0% during the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after buying an additional 1,303 shares during the last quarter. Vantage Investment Advisors LLC raised its stake in shares of DTE Energy by 0.8% during the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after buying an additional 10 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its stake in shares of DTE Energy by 335.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,032 shares during the last quarter. 68.41% of the stock is owned by institutional investors.

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