FY2024 EPS Estimates for DTE Energy Increased by Analyst

DTE Energy (NYSE:DTE) – Research analysts at Zacks Research raised their FY2024 earnings estimates for DTE Energy in a research note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $6.79 for the year, up from their prior forecast of $6.69. The consensus estimate for DTE Energy’s current full-year earnings is $6.74 per share. Zacks Research also issued estimates for DTE Energy’s Q1 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.72 EPS, FY2025 earnings at $7.19 EPS, Q1 2026 earnings at $1.76 EPS, Q2 2026 earnings at $1.70 EPS and Q3 2026 earnings at $1.55 EPS.

A number of other equities research analysts also recently issued reports on DTE. LADENBURG THALM/SH SH started coverage on DTE Energy in a research report on Wednesday, August 14th. They issued a “buy” rating and a $131.00 price objective on the stock. Scotiabank lifted their price target on DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company upped their price objective 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. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group started coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Stock Up 0.3 %

DTE stock opened at $120.50 on Monday. The stock has a 50-day simple moving average of $124.82 and a two-hundred day simple moving average of $119.43. DTE Energy has a twelve month low of $101.44 and a twelve month high of $131.66. The firm has a market capitalization of $24.96 billion, a PE ratio of 16.33, a PEG ratio of 2.22 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UniSuper Management Pty Ltd increased its stake in shares of DTE Energy by 407.3% during the first quarter. UniSuper Management Pty Ltd now owns 10,715 shares of the utilities provider’s stock valued at $1,202,000 after purchasing an additional 8,603 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in DTE Energy by 9.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 124,264 shares of the utilities provider’s stock valued at $13,934,000 after buying an additional 11,218 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in DTE Energy by 12.6% in the first quarter. Canada Pension Plan Investment Board now owns 381,985 shares of the utilities provider’s stock worth $42,836,000 after acquiring an additional 42,635 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of DTE Energy in the first quarter worth $708,000. Finally, Cetera Investment Advisers increased its holdings in shares of DTE Energy by 242.0% during the first quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after acquiring an additional 20,737 shares in the last quarter. 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.