FY2028 EPS Estimates for DTE Energy Decreased by Analyst

DTE Energy (NYSE:DTE) – Equities research analysts at Seaport Res Ptn lowered their FY2028 earnings estimates for shares of DTE Energy in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $8.83 per share for the year, down from their previous forecast of $8.84. The consensus estimate for DTE Energy’s current full-year earnings is $6.76 per share.

Several other analysts have also recently commented on the company. Morgan Stanley dropped their price target on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Mizuho raised their price target on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective for the company. KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Finally, Scotiabank increased their price target on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.31.

DTE Energy Price Performance

NYSE:DTE opened at $120.35 on Tuesday. The stock has a 50 day moving average of $121.53 and a two-hundred day moving average of $121.48. DTE Energy has a 12 month low of $102.17 and a 12 month high of $131.66. The firm has a market cap of $24.92 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Institutional Trading of DTE Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mizuho Securities USA LLC increased its position in shares of DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after acquiring an additional 7,023,042 shares during the last quarter. State Street Corp lifted its stake in DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock worth $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Zimmer Partners LP acquired a new position in DTE Energy during the third quarter worth $69,894,000. Point72 Asset Management L.P. purchased a new position in DTE Energy during the 3rd quarter valued at about $66,733,000. Finally, Nordea Investment Management AB grew its holdings in shares of DTE Energy by 2,235.2% in the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock valued at $26,706,000 after purchasing an additional 211,763 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

About DTE Energy

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.