DTE Energy Co. (NYSE:DTE) updated its FY16 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.09 – $5.35 for the period, compared to the Thomson Reuters consensus estimate of $5.06.
DTE Energy Co. (NYSE:DTE) opened at 95.07 on Wednesday. The stock’s 50 day moving average is $94.28 and its 200 day moving average is $92.93. DTE Energy Co. has a 1-year low of $77.35 and a 1-year high of $100.45. The company has a market cap of $17.06 billion, a P/E ratio of 22.96 and a beta of 0.26.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.09. DTE Energy had a net margin of 7.51% and a return on equity of 10.00%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that DTE Energy Co. will post $5.07 earnings per share for the current fiscal year.
DTE has been the topic of several research reports. Zacks Investment Research lowered shares of DTE Energy from a hold rating to a sell rating in a research report on Tuesday, June 7th. BMO Capital Markets reissued a hold rating on shares of DTE Energy in a research report on Wednesday, June 22nd. KeyCorp reaffirmed an outperform rating and set a $102.50 price objective (up previously from $97.00) on shares of DTE Energy in a research note on Saturday, July 2nd. Barclays PLC reaffirmed a buy rating and set a $108.00 price objective on shares of DTE Energy in a research note on Thursday, July 28th. Finally, Macquarie boosted their price objective on shares of DTE Energy from $105.00 to $107.00 and gave the company an outperform rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $103.20.
In other DTE Energy news, Chairman Gerard M. Anderson sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $97.96, for a total value of $1,714,300.00. Following the completion of the transaction, the chairman now owns 77,500 shares of the company’s stock, valued at approximately $7,591,900. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.93% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Tredje AP fonden bought a new position in DTE Energy during the second quarter worth approximately $171,000. BOKF NA bought a new position in DTE Energy during the second quarter worth approximately $211,000. Point72 Asset Management L.P. bought a new position in DTE Energy during the second quarter worth approximately $241,000. Advisor Partners LLC boosted its position in DTE Energy by 3.1% in the second quarter. Advisor Partners LLC now owns 2,959 shares of the company’s stock worth $293,000 after buying an additional 90 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in DTE Energy by 10.2% in the second quarter. Pacer Advisors Inc. now owns 3,355 shares of the company’s stock worth $333,000 after buying an additional 311 shares in the last quarter. 65.25% of the stock is owned by institutional investors and hedge funds.
DTE Energy Company Profile
DTE Energy Company (DTE Energy) is a diversified energy company. DTE Energy’s utility operations consist primarily of DTE Electric Company (DTE Electric) and DTE Gas Company (DTE Gas). The Company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, and Corporate and Other.
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