DTE Energy Co. (NYSE: DTE) closed the day trading at $106.13 down -0.48% from the previous closing price of $106.64. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1014903 shares were traded.
Ratios:
For a better understanding of DTE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.42 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.90 whereas as Long-Term Debt/Eq ratio is at 1.59.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 ’24 when Richard Robert A. sold 4,800 shares for $107.25 per share. The transaction valued at 514,810 led to the insider holds 26,118 shares of the business.
Harris Joi M. sold 3,000 shares of DTE for $325,470 on Feb 23 ’24. The President & COO now owns 18,961 shares after completing the transaction at $108.49 per share. On Feb 22 ’24, another insider, Myrick Tracy J, who serves as the Chief Accounting Officer of the company, sold 600 shares for $107.04 each. As a result, the insider received 64,224 and left with 3,462 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DTE now has a Market Capitalization of 21.96B and an Enterprise Value of 42.90B. As of this moment, DTE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.69, and their Forward P/E ratio for the next fiscal year is 14.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 1.98. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is 10.83.
Stock Price History:
Over the past 52 weeks, DTE has reached a high of $116.73, while it has fallen to a 52-week low of $90.14. The 50-Day Moving Average of the stock is 108.43, while the 200-Day Moving Average is calculated to be 106.18.
Shares Statistics:
Over the past 3-months, DTE traded about 1.22M shares per day on average, while over the past 10 days, DTE traded about 1.14M shares per day. A total of 206.36M shares are outstanding, with a floating share count of 206.20M. Insiders hold about 0.35% of the company’s shares, while institutions hold 76.71% stake in the company. Shares short for DTE as of Mar 28, 2024 were 3.44M with a Short Ratio of 2.83, compared to 2.84M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.66% and a Short% of Float of 2.15%.
Dividends & Splits
DTE’s forward annual dividend rate is 3.94, up from 3.88 a year ago. Against a Trailing Annual Dividend Yield of 3.64%, it implies a Forward Annual Dividend Yield of 3.84%. The stock’s 5-year Average Dividend Yield is 3.28. The current Payout Ratio is 57.30% for DTE, which recently paid a dividend on Apr 15, 2024 with an ex-dividend date of Mar 15, 2024. Stock splits for the company last occurred on Jul 01, 2021 when the company split stock in a 1175:1000 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of $1.98 for the current quarter, with a high estimate of $2.58 and a low estimate of $1.57, while EPS last year was $1.33. The consensus estimate for the next quarter is $1.12, with high estimates of $1.36 and low estimates of $0.96.
Analysts are recommending an EPS of between $6.71 and $6.57 for the fiscal current year, implying an average EPS of $6.68. EPS for the following year is $7.18, with 15 analysts recommending between $7.29 and $7.03.
Revenue Estimates
6 analysts predict $3.46B in revenue for the current quarter. It ranges from a high estimate of $4.62B to a low estimate of $2.73B. As of the current estimate, DTE Energy Co.’s year-ago sales were $4.84B, an estimated decrease of -28.50% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $2.72B, an increase of 1.30% over than the figure of -$28.50% in the same quarter last year. There is a high estimate of $3.53B for the next quarter, whereas the lowest estimate is $2.14B.
A total of 13 analysts have provided revenue estimates for DTE’s current fiscal year. The highest revenue estimate was $21.21B, while the lowest revenue estimate was $9.9B, resulting in an average revenue estimate of $14.32B. In the same quarter a year ago, actual revenue was $12.74B, up 12.40% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $14.27B in the next fiscal year. The high estimate is $20.24B and the low estimate is $10.44B. The average revenue growth estimate for next year is down -0.40% from the average revenue estimate for this year.
