KeyCorp Has Pessimistic View of DTE Energy FY2028 Earnings

DTE Energy (NYSE:DTE - Free Report) - Investment analysts at KeyCorp reduced their FY2028 earnings estimates for shares of DTE Energy in a research report issued to clients and investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $9.16 per share for the year, down from their prior estimate of $9.17. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for DTE Energy's current full-year earnings is $6.76 per share.

Other equities research analysts also recently issued reports about the stock. Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Scotiabank increased their price objective on DTE Energy from $120.00 to $137.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. 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 note on Friday, October 18th. StockNews.com raised DTE Energy from a "sell" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, UBS Group upgraded shares of DTE Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $129.00 to $143.00 in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.54.

DTE Energy Trading Down 0.7 %

NYSE:DTE traded down $0.85 on Friday, reaching $121.57. 1,382,119 shares of the company's stock were exchanged, compared to its average volume of 1,592,731. The firm has a market capitalization of $25.18 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66. 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 business has a fifty day moving average of $124.50 and a 200-day moving average of $120.18.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from DTE Energy's previous quarterly dividend of $1.02. DTE Energy's payout ratio is 55.28%.

Institutional Trading of DTE Energy

A number of large investors have recently made changes to their positions in DTE. Legacy Investment Solutions LLC purchased a new position in DTE Energy during the 3rd quarter worth $30,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy during the second quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new position in DTE Energy in the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy in the 3rd quarter valued at about $35,000. Finally, Coastline Trust Co purchased a new stake in DTE Energy during the 3rd quarter valued at approximately $39,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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.