DTE Energy (NYSE:DTE) announced its quarterly earnings data on Friday. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.07, Bloomberg Earnings reports. DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. During the same quarter in the prior year, the firm posted $0.81 earnings per share. DTE Energy updated its FY18 guidance to $5.57-5.99 EPS.
DTE Energy (DTE) traded up $2.07 during mid-day trading on Friday, reaching $105.22. The company’s stock had a trading volume of 1,716,137 shares, compared to its average volume of 1,490,000. DTE Energy has a 1-year low of $97.59 and a 1-year high of $116.74. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. The company has a market cap of $18,880.00, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 3.03 and a beta of 0.14.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, March 19th will be paid a $0.8825 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 annualized dividend and a yield of 3.35%. DTE Energy’s payout ratio is 55.77%.
A number of research analysts recently issued reports on DTE shares. Bank of America started coverage on DTE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price objective for the company. Credit Suisse Group cut their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. KeyCorp reiterated a “buy” rating and set a $118.50 price objective on shares of DTE Energy in a research note on Friday, December 15th. Guggenheim reiterated a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. DTE Energy has a consensus rating of “Hold” and a consensus price target of $113.75.
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DTE Energy Company Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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