Seaport Res Ptn Decreases Earnings Estimates for DTE Energy

DTE Energy (NYSE:DTE) – Research analysts at Seaport Res Ptn reduced their FY2028 EPS estimates for shares of DTE Energy in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $8.83 for the year, down from their prior estimate of $8.84. The consensus estimate for DTE Energy’s current full-year earnings is $6.76 per share.

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Mizuho increased their price objective on DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley dropped their price target on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Trading Down 1.7 %

NYSE:DTE opened at $119.50 on Tuesday. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.23 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 price is $121.60 and its 200-day moving average price is $121.41. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be issued a $1.09 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Institutional Trading of DTE Energy

Several hedge funds have recently bought and sold shares of DTE. State Street Corp raised its stake 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 worth $1,319,264,000 after acquiring an additional 662,569 shares during the period. Mizuho Securities USA LLC increased its stake in shares of DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock worth $903,878,000 after purchasing an additional 7,023,042 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of DTE Energy by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock worth $616,938,000 after purchasing an additional 86,205 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of DTE Energy by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,720,265 shares of the utilities provider’s stock valued at $349,309,000 after purchasing an additional 64,880 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of 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 valued at $185,066,000 after buying an additional 59,811 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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.