Brokers Offer Predictions for DTE Energy FY2027 Earnings

DTE Energy (NYSE:DTE) – Stock analysts at Seaport Res Ptn issued their FY2027 earnings per share (EPS) estimates for shares of DTE Energy in a research note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings per share of $8.42 for the year. The consensus estimate for DTE Energy’s current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for DTE Energy’s FY2028 earnings at $8.84 EPS.

DTE has been the topic of several other research reports. Mizuho raised their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Scotiabank raised their price objective on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. StockNews.com cut DTE Energy from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Barclays raised their price objective on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Performance

DTE stock opened at $121.27 on Friday. The business’s fifty day moving average is $125.84 and its 200-day moving average is $118.47. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a market cap of $25.12 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. DTE Energy has a twelve month low of $96.45 and a twelve month high of $131.66.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of DTE. Janus Henderson Group PLC grew its holdings in DTE Energy by 6,964.9% during the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the period. Clearbridge Investments LLC lifted its position in DTE Energy by 224.7% during the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after acquiring an additional 1,756,459 shares during the last quarter. Capital Research Global Investors lifted its position in DTE Energy by 1.2% during the first quarter. Capital Research Global Investors now owns 21,194,653 shares of the utilities provider’s stock worth $2,376,768,000 after acquiring an additional 261,623 shares during the last quarter. Millennium Management LLC lifted its position in DTE Energy by 42.4% during the second quarter. Millennium Management LLC now owns 543,299 shares of the utilities provider’s stock worth $60,312,000 after acquiring an additional 161,776 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in DTE Energy by 133.2% during the second quarter. Panagora Asset Management Inc. now owns 248,151 shares of the utilities provider’s stock worth $27,547,000 after acquiring an additional 141,718 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

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.