DTE Energy (DTE) Expected to Announce Earnings on Thursday

DTE Energy (NYSE:DTE) will likely be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect DTE Energy to post earnings of $1.50 per share and revenue of $3.21 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DTE Energy Stock Performance

Shares of DTE stock opened at $123.63 on Tuesday. The company has a market capitalization of $25.60 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a one year low of $103.06 and a one year high of $131.66. The company’s 50-day moving average is $120.91 and its 200 day moving average is $122.84.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $1.09 dividend. The ex-dividend date is Monday, March 17th. This represents a $4.36 annualized dividend and a dividend yield of 3.53%. DTE Energy’s dividend payout ratio is presently 59.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Guggenheim upgraded DTE Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $129.00 to $143.00 in a report on Tuesday, December 3rd. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.