Analysts expect that DTE Energy Co (NYSE:DTE) will report earnings of $1.20 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for DTE Energy’s earnings. DTE Energy posted earnings per share of $1.36 in the same quarter last year, which suggests a negative year over year growth rate of 11.8%. The firm is scheduled to report its next earnings results on Wednesday, July 24th.

On average, analysts expect that DTE Energy will report full year earnings of $6.20 per share for the current year, with EPS estimates ranging from $6.15 to $6.23. For the next fiscal year, analysts expect that the firm will post earnings of $6.55 per share, with EPS estimates ranging from $6.50 to $6.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover DTE Energy.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Wednesday, April 24th. The utilities provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The business had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $3.77 billion. DTE Energy had a net margin of 8.30% and a return on equity of 10.99%. During the same quarter in the previous year, the company earned $1.91 EPS.

Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. UBS Group upped their target price on shares of DTE Energy from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Zacks Investment Research upgraded shares of DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, April 23rd. Credit Suisse Group set a $117.00 target price on shares of DTE Energy and gave the company a “sell” rating in a research report on Monday, April 22nd. Finally, Macquarie set a $123.00 target price on shares of DTE Energy and gave the company a “buy” rating in a research report on Saturday, February 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $119.46.

In related news, VP Lisa A. Muschong sold 2,616 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $119.80, for a total transaction of $313,396.80. Following the transaction, the vice president now directly owns 2,933 shares in the company, valued at approximately $351,373.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Trevor F. Lauer sold 1,700 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $122.44, for a total transaction of $208,148.00. Following the transaction, the insider now owns 19,427 shares in the company, valued at $2,378,641.88. The disclosure for this sale can be found here. Insiders have sold a total of 15,816 shares of company stock worth $1,957,320 over the last quarter. 0.55% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of DTE Energy by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 905,159 shares of the utilities provider’s stock valued at $98,781,000 after purchasing an additional 94,902 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of DTE Energy by 1.6% during the third quarter. Vanguard Group Inc now owns 19,856,235 shares of the utilities provider’s stock valued at $2,166,911,000 after purchasing an additional 311,679 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of DTE Energy by 24.1% during the fourth quarter. First Hawaiian Bank now owns 3,831 shares of the utilities provider’s stock valued at $423,000 after purchasing an additional 744 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd boosted its stake in shares of DTE Energy by 33.3% during the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 4,400 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of DTE Energy during the fourth quarter valued at approximately $345,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

Shares of NYSE DTE traded up $0.88 during mid-day trading on Thursday, hitting $126.56. 20,817 shares of the company’s stock traded hands, compared to its average volume of 1,003,630. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 3.43 and a beta of 0.26. DTE Energy has a 1 year low of $94.25 and a 1 year high of $127.72.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a dividend of $0.945 per share. The ex-dividend date is Friday, June 14th. This represents a $3.78 annualized dividend and a yield of 2.99%. DTE Energy’s payout ratio is 60.00%.

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.

Further Reading: What is the return on assets formula?

Get a free copy of the Zacks research report on DTE Energy (DTE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.