FY2028 EPS Estimate for DTE Energy Decreased by Analyst

DTE Energy (NYSE:DTE - Free Report) - Equities researchers at Seaport Res Ptn reduced their FY2028 earnings per share estimates for DTE Energy in a research note issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $8.83 per share for the year, down from their prior forecast of $8.84. The consensus estimate for DTE Energy's current full-year earnings is $6.76 per share.

A number of other research analysts also recently weighed in on DTE. Barclays raised their price target on shares of DTE Energy from $128.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Scotiabank raised their target price on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They set a "hold" rating and a $137.00 price target for the company. UBS Group upgraded DTE Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $134.31.

DTE Energy Stock Up 0.6 %

Shares of DTE traded up $0.68 during trading hours on Tuesday, reaching $120.35. The company's stock had a trading volume of 844,652 shares, compared to its average volume of 834,288. The company has a 50 day moving average of $121.60 and a two-hundred day moving average of $121.41. 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 firm has a market cap of $24.92 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 2.23 and a beta of 0.68. DTE Energy has a 1-year low of $102.17 and a 1-year high of $131.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DTE. State Street Corp increased its holdings in DTE Energy by 7.0% during the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider's stock valued at $1,319,264,000 after purchasing an additional 662,569 shares in the last quarter. Mizuho Securities USA LLC raised its stake 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 worth $903,878,000 after buying an additional 7,023,042 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of DTE Energy by 1.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider's stock valued at $616,938,000 after purchasing an additional 86,205 shares during the period. Janus Henderson Group PLC boosted its holdings in DTE Energy by 2.4% during the third quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider's stock worth $349,309,000 after buying an additional 64,880 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in DTE Energy by 3.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider's stock worth $185,066,000 after acquiring an additional 59,811 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, December 16th. This is a positive change from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's payout ratio is 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.