DTE Energy (NYSE:DTE - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.54-6.83 for the period, compared to the consensus estimate of $6.71.
Analyst Ratings Changes
Several research firms have recently commented on DTE. Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday. They set a "hold" rating and a $137.00 target price on the stock. StockNews.com upgraded shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 11th. KeyCorp boosted their price target on DTE Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Barclays lifted their price objective on DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and an average target price of $130.54.
Get Our Latest Stock Analysis on DTE
DTE Energy Trading Down 0.2 %
Shares of NYSE DTE traded down $0.25 during mid-day trading on Thursday, reaching $129.74. The company had a trading volume of 1,575,114 shares, compared to its average volume of 1,074,969. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The business's 50-day moving average is $125.52 and its 200-day moving average is $117.67. DTE Energy has a 52 week low of $92.58 and a 52 week high of $131.66. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.
DTE Energy (NYSE:DTE - Get Free Report) last posted its earnings results on Thursday, July 25th. The utilities provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. During the same quarter last year, the firm posted $0.99 EPS. Equities analysts expect that DTE Energy will post 6.7 earnings per share for the current year.
About DTE Energy
(
Get Free Report)
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.
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