DTE Energy (DTE) to Release Earnings on Thursday

DTE Energy (NYSE:DTE) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect DTE Energy to post earnings of $1.83 per share for the quarter. DTE Energy has set its FY24 guidance at $6.54-6.83 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.01. DTE Energy had a return on equity of 11.00% and a net margin of 10.96%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the business earned $1.31 EPS. On average, analysts expect DTE Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

DTE Energy Trading Down 0.0 %

Shares of DTE Energy stock opened at $110.11 on Wednesday. DTE Energy has a 1 year low of $90.14 and a 1 year high of $116.73. The firm has a market cap of $22.78 billion, a PE ratio of 16.29, a P/E/G ratio of 2.70 and a beta of 0.64. The stock has a fifty day moving average price of $108.93 and a 200-day moving average price of $105.98. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.60 and a quick ratio of 0.42.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 18th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.36%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DTE shares. KeyCorp raised their target price on DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. raised their target price on DTE Energy from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Wolfe Research lowered DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. Barclays raised their target price on DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Guggenheim lowered DTE Energy from a “buy” rating to a “neutral” rating and set a $111.00 price objective for the company. in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.10.

Insider Buying and Selling

In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DTE Energy news, CAO Tracy J. Myrick sold 600 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total transaction of $64,224.00. Following the completion of the transaction, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $106.92, for a total value of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares of the company’s stock, valued at approximately $743,200.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,095 shares of company stock valued at $2,168,183. 0.61% of the stock is owned by insiders.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.