The price of DTE Energy Co. (NYSE: DTE) closed at $107.13 in the last session, down -1.19% from day before closing price of $108.42. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 1110800 shares were traded.
Ratios:
We take a closer look at DTE’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 22.17B and an Enterprise Value of 43.11B. As of this moment, DTE’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.84, and their Forward P/E ratio for the next fiscal year is 14.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 3.38 whereas that against EBITDA is 10.88.
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 107.29, while the 200-Day Moving Average is calculated to be 106.33.
Shares Statistics:
According to the various share statistics, DTE traded on average about 1.15M shares per day over the past 3-months and 1.37M shares per day over the past 10 days. 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 76.65% stake in the company. Shares short for DTE as of Feb 29, 2024 were 2.84M with a Short Ratio of 2.48, compared to 2.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.38% and a Short% of Float of 1.74%.
Dividends & Splits
The forward annual dividend rate for DTE is 3.94, which was 3.88 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.58%, it implies a Forward Annual Dividend Yield of 3.81%. The stock’s 5-year Average Dividend Yield is 3.27. 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
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.01 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 $1.13, 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
According to 6 analysts, the current quarter’s revenue is expected to be $3.46B. 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 12 analysts have provided revenue estimates for DTE’s current fiscal year. The highest revenue estimate was $19.35B, while the lowest revenue estimate was $9.9B, resulting in an average revenue estimate of $13.75B. In the same quarter a year ago, actual revenue was $12.74B, up 7.90% 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 up 3.80% from the average revenue estimate for this year.
