DTE Energy (DTE) Issues FY17 Earnings Guidance
DTE Energy (NYSE:DTE) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $5.38-$5.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.52. DTE Energy also updated its FY18 guidance to $5.48-$5.88 EPS.
Several analysts recently issued reports on the stock. BidaskClub upgraded shares of DTE Energy from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Jefferies Group restated 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 dropped their price target on shares of DTE Energy from $113.00 to $112.00 and set a neutral rating for the company in a research report on Thursday, October 26th. Bank of America assumed coverage on shares of DTE Energy in a research report on Tuesday, October 24th. They issued an underperform rating and a $112.00 price target for the company. Finally, KeyCorp reiterated a buy rating and issued a $113.00 price target on shares of DTE Energy in a research report on Sunday, August 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $111.50.
DTE Energy (NYSE:DTE) opened at $113.82 on Thursday. The firm has a market cap of $20,452.29, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 3.43 and a beta of 0.23. DTE Energy has a 12-month low of $95.23 and a 12-month high of $116.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be given a dividend of $0.8825 per share. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.10%. DTE Energy’s dividend payout ratio is currently 60.44%.
In related news, Chairman Gerard M. Anderson sold 12,389 shares of the company’s stock in a transaction on 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 owns 83,000 shares in the company, valued at $9,373,190. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: “DTE Energy (DTE) Issues FY17 Earnings Guidance” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/14/dte-energy-dte-issues-fy17-earnings-guidance.html.
DTE Energy Company Profile
Receive News & Stock Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related stocks with our FREE daily email newsletter.