DTE Energy (DTE) to Release Earnings on Thursday

DTE Energy (NYSE:DTE) is scheduled to 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 that wish to register for the company’s earnings conference call can do so using this link.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, February 8th. The utilities provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.01. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same quarter last year, the company posted $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. The stock has a market capitalization of $22.78 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.64. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. The company has a 50-day simple moving average of $108.93 and a 200 day simple moving average of $105.98. DTE Energy has a 12-month low of $90.14 and a 12-month high of $116.73.

DTE Energy Announces Dividend

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

Insider Transactions at DTE Energy

In related news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Joann Chavez sold 6,070 shares of DTE Energy stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.19, for a total transaction of $662,783.30. Following the transaction, the senior vice president now owns 16,667 shares of the company’s stock, valued at approximately $1,819,869.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew T. Paul sold 5,850 shares of DTE Energy stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the transaction, the chief operating officer now directly owns 6,951 shares in the company, valued at approximately $743,200.92. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last quarter. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DTE shares. Morgan Stanley raised their price objective on shares of DTE Energy from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Wolfe Research cut shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. TheStreet upgraded shares of DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. KeyCorp raised their price objective on shares of DTE Energy from $106.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Finally, Barclays raised their price objective on shares of DTE Energy from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $115.10.

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.