DTE Energy (NYSE:DTE) posted its quarterly earnings results on Friday. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.17, AnalystRatingsNetwork reports. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.03 billion.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of DTE Energy in a research note to investors on Thursday, July 4th. They now have a $78.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of DTE Energy in a research note to investors on Thursday, June 27th. They now have a $70.00 price target on the stock. Finally, analysts at Bankhaus Lampe reiterated a “hold” rating on shares of DTE Energy in a research note to investors on Friday, June 7th. They now have a $9.00 price target on the stock.
Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $64.33.
Shares of DTE Energy (NYSE: DTE) opened at 70.02 on Friday. DTE Energy has a one year low of $58.06 and a one year high of $73.32. The stock’s 50-day moving average is currently $67.44. The company has a market cap of $12.180 billion and a P/E ratio of 17.57.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a dividend of $0.66 per share. This represents a $2.62 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, September 12th.
DTE Energy Company (NYSE: DTE) , is a diversified energy company.
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