Equities research analysts expect that DTE Energy Co (NYSE:DTE) will post $0.95 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for DTE Energy’s earnings. DTE Energy posted earnings per share of $1.26 in the same quarter last year, which would suggest a negative year-over-year growth rate of 24.6%. The company is scheduled to announce its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that DTE Energy will report full year earnings of $6.30 per share for the current fiscal year, with EPS estimates ranging from $6.25 to $6.35. For the next year, analysts expect that the firm will post earnings of $6.19 per share, with EPS estimates ranging from $6.15 to $6.25. Zacks’ earnings per share averages are an average based on a survey of research firms that follow DTE Energy.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.39. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.29 billion. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. During the same period last year, the company earned $1.48 EPS.

A number of research analysts have commented on DTE shares. Citigroup increased their price target on DTE Energy from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, September 10th. Wells Fargo & Co increased their price target on DTE Energy from $113.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, September 17th. Credit Suisse Group downgraded DTE Energy from a “neutral” rating to an “underperform” rating and increased their price target for the company from $109.00 to $111.00 in a research note on Thursday, October 25th. Wolfe Research downgraded DTE Energy from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Finally, Barclays initiated coverage on DTE Energy in a research note on Wednesday, August 15th. They issued an “equal weight” rating and a $116.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $114.36.

DTE traded down $0.71 during mid-day trading on Tuesday, reaching $118.50. The stock had a trading volume of 1,422,404 shares, compared to its average volume of 1,233,955. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 3.15 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.10 and a current ratio of 1.47. DTE Energy has a 52 week low of $94.25 and a 52 week high of $121.00.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 17th will be paid a $0.945 dividend. The ex-dividend date is Friday, December 14th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from DTE Energy’s previous quarterly dividend of $0.88. DTE Energy’s dividend payout ratio is 63.15%.

In other news, CAO Jeffrey A. Jewell sold 4,190 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $120.00, for a total value of $502,800.00. Following the transaction, the chief accounting officer now owns 11,738 shares of the company’s stock, valued at approximately $1,408,560. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Gerard M. Anderson sold 10,000 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $119.73, for a total value of $1,197,300.00. Following the completion of the transaction, the chairman now directly owns 84,858 shares in the company, valued at approximately $10,160,048.34. The disclosure for this sale can be found here. In the last three months, insiders sold 16,040 shares of company stock worth $1,919,640. 0.59% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of DTE. Principal Financial Group Inc. raised its stake in DTE Energy by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 273,351 shares of the utilities provider’s stock worth $28,538,000 after buying an additional 1,949 shares during the period. NN Investment Partners Holdings N.V. raised its stake in DTE Energy by 7.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 11,966 shares of the utilities provider’s stock worth $1,240,000 after buying an additional 822 shares during the period. Atria Investments LLC raised its stake in DTE Energy by 3.9% during the 2nd quarter. Atria Investments LLC now owns 24,815 shares of the utilities provider’s stock worth $2,572,000 after buying an additional 938 shares during the period. Amalgamated Bank raised its stake in DTE Energy by 4.5% during the 2nd quarter. Amalgamated Bank now owns 23,257 shares of the utilities provider’s stock worth $2,410,000 after buying an additional 997 shares during the period. Finally, Sit Investment Associates Inc. raised its stake in DTE Energy by 8.3% during the 2nd quarter. Sit Investment Associates Inc. now owns 213,800 shares of the utilities provider’s stock worth $22,156,000 after buying an additional 16,475 shares during the period. 71.36% of the stock is currently owned by institutional investors and hedge funds.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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