DTE Energy Co (DTE) Releases FY14 Earnings Guidance

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DTE Energy Co (NYSE:DTE) updated its FY14 earnings guidance on Friday. The company provided earnings per share guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.33, American Banking and Market News reports.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a buy rating on shares of DTE Energy in a research note on Thursday. They now have a $86.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of DTE Energy in a research note on Wednesday. They now have a $78.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of DTE Energy in a research note on Friday, April 4th. They now have a $78.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DTE Energy has a consensus rating of Hold and a consensus target price of $69.64.

DTE Energy Co (NYSE:DTE) opened at 78.38 on Friday. DTE Energy Co has a 1-year low of $63.38 and a 1-year high of $78.70. The stock has a 50-day moving average of $73.79 and a 200-day moving average of $69.3. The company has a market cap of $13.880 billion and a P/E ratio of 20.52.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.41 by $0.46. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 56.2% on a year-over-year basis. On average, analysts predict that DTE Energy Co will post $4.33 earnings per share for the current fiscal year.

DTE Energy Company (NYSE:DTE) , is a diversified energy company.

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