DTE Energy Co. (NYSE:DTE) updated its FY13 earnings guidance on Friday. The company provided earnings per share guidance of $3.95-4.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.03, Stock Ratings Network reports. DTE Energy also updated its FY14 guidance to $4.15-4.39 EPS.
DTE has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of DTE Energy to $72.00 in a research note to investors on Tuesday, October 29th. They now have an equal weight rating on the stock. On a related note, analysts at Wolfe Research upgraded shares of DTE Energy from a market perform rating to an outperform rating in a research note to investors on Monday, October 28th. Finally, analysts at Deutsche Bank reiterated a hold rating on shares of DTE Energy in a research note to investors on Monday, October 28th. They now have a $71.00 price target on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $64.67.
Shares of DTE Energy Co. (NYSE:DTE) traded up 1.85% during mid-day trading on Friday, hitting $67.61. The stock had a trading volume of 1,014,456 shares. DTE Energy Co. has a 1-year low of $58.86 and a 1-year high of $73.32. The stock has a 50-day moving average of $68.42 and a 200-day moving average of $67.78. The company has a market cap of $11.953 billion and a price-to-earnings ratio of 18.68.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.24 by $0.11. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $1.31 earnings per share. DTE Energy’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that DTE Energy Co. will post $4.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.66 per share. This represents a $2.62 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, December 12th.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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