FY2024 EPS Estimates for DTE Energy Boosted by Analyst

DTE Energy (NYSE:DTE) – Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of DTE Energy in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $6.79 per share for the year, up from their previous estimate of $6.69. The consensus estimate for DTE Energy’s current full-year earnings is $6.74 per share. Zacks Research also issued estimates for DTE Energy’s Q1 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.72 EPS, FY2025 earnings at $7.19 EPS, Q1 2026 earnings at $1.76 EPS, Q2 2026 earnings at $1.70 EPS and Q3 2026 earnings at $1.55 EPS.

Several other equities analysts have also commented on the stock. KeyCorp increased their price target on shares of DTE Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group initiated coverage on shares of DTE Energy in a research note on Monday, October 21st. They set a “hold” rating and a $137.00 price target on the stock. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their target price on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Barclays upped their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.

DTE Energy Price Performance

Shares of NYSE DTE opened at $120.09 on Monday. The stock’s 50-day simple moving average is $124.90 and its 200-day simple moving average is $119.37. The firm has a market capitalization of $24.87 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. DTE Energy has a fifty-two week low of $101.44 and a fifty-two week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DTE. UniSuper Management Pty Ltd raised its holdings in DTE Energy by 407.3% during the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock worth $1,202,000 after purchasing an additional 8,603 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of DTE Energy by 9.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock worth $13,934,000 after buying an additional 11,218 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of DTE Energy by 12.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock valued at $42,836,000 after buying an additional 42,635 shares during the period. Cetera Advisors LLC purchased a new stake in shares of DTE Energy in the first quarter valued at approximately $708,000. Finally, Cetera Investment Advisers boosted its stake in shares of DTE Energy by 242.0% in the first quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after buying an additional 20,737 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.