DTE Energy (DTE) Releases FY18 Earnings Guidance
DTE Energy (NYSE:DTE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.57-5.99 for the period, compared to the Thomson Reuters consensus estimate of $5.78.
DTE traded down $0.61 during midday trading on Wednesday, hitting $103.59. 376,980 shares of the company traded hands, compared to its average volume of 1,263,669. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 1.22. The company has a market cap of $18,535.85, a price-to-earnings ratio of 18.64, a PEG ratio of 2.97 and a beta of 0.15. DTE Energy has a 52-week low of $97.66 and a 52-week high of $116.74.
DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, April 25th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.02. DTE Energy had a net margin of 8.99% and a return on equity of 10.81%. During the same quarter in the prior year, the business earned $1.79 EPS. research analysts forecast that DTE Energy will post 5.81 EPS for the current year.
DTE has been the topic of several recent analyst reports. Guggenheim reaffirmed a buy rating and set a $121.00 price objective on shares of DTE Energy in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of DTE Energy from a hold rating to a buy rating and set a $119.00 price objective on the stock in a report on Monday, January 8th. Bank of America increased their price objective on shares of DTE Energy from $101.00 to $104.00 and gave the company an underperform rating in a report on Tuesday, February 20th. Wells Fargo raised shares of DTE Energy from a market perform rating to an outperform rating in a research note on Friday, January 12th. Finally, KeyCorp reissued a buy rating and issued a $107.00 price target on shares of DTE Energy in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $110.00.
In other DTE Energy news, VP Lisa A. Muschong sold 1,341 shares of DTE Energy stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $100.97, for a total transaction of $135,400.77. Following the transaction, the vice president now directly owns 2,676 shares of the company’s stock, valued at $270,195.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Ruud sold 7,680 shares of DTE Energy stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $100.54, for a total transaction of $772,147.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,521 shares of company stock worth $2,189,173. Insiders own 0.59% of the company’s stock.
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DTE Energy Company Profile
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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