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.

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 Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $1.96 EPS. DTE Energy’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that DTE Energy will post 5.54 EPS for the current year.

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.

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DTE Energy Company Profile

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