Seaport Res Ptn Estimates DTE Energy FY2024 Earnings

DTE Energy (NYSE:DTE - Free Report) - Stock analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of DTE Energy in a research note issued on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will earn $6.79 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 FY2025 earnings at $7.20 EPS and FY2026 earnings at $7.76 EPS.

Several other research analysts also recently issued reports on DTE. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Morgan Stanley upped their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. KeyCorp upped their price target on shares of DTE Energy from $136.00 to $138.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of DTE Energy from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, DTE Energy presently has an average rating of "Moderate Buy" and an average price target of $131.46.

DTE Energy Price Performance

NYSE DTE traded up $0.34 on Monday, hitting $121.63. 911,316 shares of the company were exchanged, compared to its average volume of 1,071,784. The firm has a 50 day moving average of $125.84 and a two-hundred day moving average of $118.67. The company has a market cap of $25.19 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.25 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a 1-year low of $97.31 and a 1-year high of $131.66.

Institutional Trading of DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. ESL Trust Services LLC bought a new stake in DTE Energy during the 1st quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in DTE Energy during the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the 3rd quarter worth approximately $35,000. Salomon & Ludwin LLC increased its stake in DTE Energy by 82.3% during the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider's stock worth $48,000 after purchasing an additional 195 shares in the last quarter. Finally, Fairscale Capital LLC bought a new stake in DTE Energy during the 2nd quarter worth approximately $54,000. 76.06% of the stock is owned by institutional investors.

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.