DTE Energy (DTE) Issues Quarterly Earnings Results
DTE Energy (NYSE:DTE) posted its quarterly earnings results on Friday, February 16th. The utilities provider reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.07, Bloomberg Earnings reports. DTE Energy had a return on equity of 10.81% and a net margin of 8.99%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm earned $0.81 EPS. DTE Energy updated its FY18 guidance to $5.57-5.99 EPS.
Shares of DTE Energy (NYSE DTE) opened at $100.91 on Tuesday. DTE Energy has a one year low of $97.66 and a one year high of $116.74. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.82 and a current ratio of 1.10. The stock has a market capitalization of $18,100.00, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.89 and a beta of 0.19.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.8825 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $3.53 annualized dividend and a yield of 3.50%. DTE Energy’s dividend payout ratio (DPR) is 55.77%.
In other DTE Energy news, CEO Gerard M. Anderson sold 12,500 shares of DTE Energy stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $102.53, for a total transaction of $1,281,625.00. Following the completion of the sale, the chief executive officer now directly owns 87,358 shares of the company’s stock, valued at approximately $8,956,815.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Ruud sold 7,680 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $100.54, for a total value of $772,147.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,521 shares of company stock valued at $2,189,173. 0.53% of the stock is currently owned by company insiders.
About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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