FY2024 EPS Forecast for DTE Energy Increased by Analyst

DTE Energy (NYSE:DTE - Free Report) - Equities research analysts at Zacks Research increased their FY2024 EPS estimates for DTE Energy in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now expects that the utilities provider will earn $6.79 per share for the year, up from their prior 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.

A number of other research firms also recently weighed in on DTE. BMO Capital Markets boosted their target price on DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Bank of America boosted their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their target price on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Mizuho boosted their target price on DTE Energy from $121.00 to $133.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.46.

DTE Energy Trading Up 0.3 %

NYSE:DTE traded up $0.41 during trading hours on Monday, hitting $120.50. 1,551,339 shares of the stock were exchanged, compared to its average volume of 1,112,188. The company has a market capitalization of $24.96 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. 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's 50 day moving average is $124.90 and its two-hundred day moving average is $119.37. DTE Energy has a twelve month low of $101.44 and a twelve month high of $131.66.

Hedge Funds Weigh In On DTE Energy

A number of large investors have recently bought and sold shares of the company. UniSuper Management Pty Ltd boosted 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of DTE Energy by 9.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider's stock valued at $13,934,000 after acquiring an additional 11,218 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of DTE Energy by 12.6% in the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider's stock valued at $42,836,000 after acquiring an additional 42,635 shares during the last quarter. Cetera Advisors LLC bought a new stake in DTE Energy during the first quarter worth about $708,000. Finally, Cetera Investment Advisers boosted its position in DTE Energy by 242.0% during the first quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider's stock valued at $3,286,000 after purchasing an additional 20,737 shares during the last quarter. Institutional investors and hedge funds 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.