DTE Energy FY2028 EPS Forecast Reduced by Seaport Res Ptn

DTE Energy (NYSE:DTE) – Analysts at Seaport Res Ptn reduced their FY2028 EPS estimates for DTE Energy in a research report issued to clients and 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 forecast of $8.84. The consensus estimate for DTE Energy’s current full-year earnings is $6.76 per share.

Several other brokerages also recently weighed in on DTE. Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. KeyCorp lowered shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $129.00 to $143.00 in a report on Tuesday, December 3rd. Mizuho boosted their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank increased their target price on shares of DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.31.

DTE Energy Trading Down 1.7 %

NYSE DTE opened at $119.50 on Tuesday. The stock has a 50-day moving average of $121.60 and a 200-day moving average of $121.41. 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 $102.17 and a 1-year high of $131.66. The firm has a market cap of $24.75 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.68.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in DTE. State Street Corp increased its stake in shares of DTE Energy by 7.0% in 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 in the last quarter. Mizuho Securities USA LLC increased its stake in shares of DTE Energy by 44,009.5% during the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $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% during the second quarter. Ameriprise Financial Inc. now owns 5,557,309 shares of the utilities provider’s stock valued at $616,938,000 after purchasing an additional 86,205 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 2.4% during the third 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 last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock worth $185,066,000 after purchasing an additional 59,811 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 3.65%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. DTE Energy’s dividend payout ratio is presently 59.08%.

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.