Seaport Res Ptn Predicts DTE Energy FY2027 Earnings

DTE Energy (NYSE:DTE - Free Report) - Analysts at Seaport Res Ptn issued their FY2027 earnings estimates for DTE Energy in a research report issued to clients and investors on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will earn $8.42 per share for the year. The consensus estimate for DTE Energy's current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for DTE Energy's FY2028 earnings at $8.84 EPS.

A number of other analysts have also commented on DTE. Jefferies Financial Group started coverage on DTE Energy in a report on Monday, October 21st. They set a "hold" rating and a $137.00 price objective for the company. Wells Fargo & Company upped their price target on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Mizuho raised their price objective on DTE Energy from $121.00 to $133.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. BMO Capital Markets upped their target price on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Finally, LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research report on Wednesday, August 14th. They set a "buy" rating and a $131.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.46.

DTE Energy Stock Down 2.4 %

Shares of NYSE:DTE traded down $2.95 during midday trading on Friday, hitting $121.27. 992,509 shares of the company's stock were exchanged, compared to its average volume of 1,072,541. DTE Energy has a 12 month low of $96.45 and a 12 month high of $131.66. The company has a market cap of $25.12 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62. The stock has a 50 day moving average price of $125.84 and a 200-day moving average price of $118.47.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new position in DTE Energy in the 1st quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy in the second quarter valued at $31,000. Salomon & Ludwin LLC raised its stake in shares of DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 195 shares during the period. Fairscale Capital LLC bought a new stake in shares of DTE Energy during the 2nd quarter valued at $54,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in DTE Energy by 47.5% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider's stock worth $64,000 after purchasing an additional 160 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.