DTE Energy (NYSE:DTE – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.54-6.83 for the period, compared to the consensus earnings per share estimate of $6.71.
DTE Energy Trading Down 2.5 %
Shares of NYSE DTE traded down $3.20 during midday trading on Friday, reaching $126.57. 1,275,942 shares of the stock were exchanged, compared to its average volume of 1,075,940. The company has a market capitalization of $26.19 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.29 and a beta of 0.67. 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. The stock has a 50 day moving average price of $125.68 and a 200-day moving average price of $117.75.
DTE Energy (NYSE:DTE – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.17 billion. Equities research analysts expect that DTE Energy will post 6.7 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Report on DTE Energy
DTE Energy Company Profile
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.
Read More
- Five stocks we like better than DTE Energy
- Differences Between Momentum Investing and Long Term Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Using the MarketBeat Dividend Yield Calculator
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for DTE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy and related companies with MarketBeat.com's FREE daily email newsletter.