DTE Energy (DTE) to Release Earnings on Thursday

DTE Energy (NYSE:DTE) is projected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $1.50 per share and revenue of $3.21 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

DTE Energy Stock Up 0.9 %

Shares of DTE Energy stock opened at $124.86 on Wednesday. The firm has a market cap of $25.86 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.25 and a beta of 0.68. The business has a 50-day moving average price of $120.91 and a 200 day moving average price of $122.88. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a yield of 3.49%. DTE Energy’s payout ratio is 59.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DTE. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group assumed coverage on shares of DTE Energy in a report on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.25.

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.