DTE Energy (DTE) Expected to Announce Quarterly Earnings on Thursday

DTE Energy (NYSE:DTE) is anticipated to issue its quarterly earnings data 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. Parties interested in registering for the company’s conference call can do so using this link.

DTE Energy Trading Up 1.6 %

DTE Energy stock opened at $122.63 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a market cap of $25.40 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a 50-day moving average of $121.11 and a two-hundred day moving average of $122.72. DTE Energy has a one year low of $102.78 and a one year high of $131.66.

DTE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were given a $1.09 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DTE shares. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Guggenheim raised DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. Morgan Stanley dropped their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.