Q4 2022 Earnings Estimate for DTE Energy (NYSE:DTE) Issued By KeyCorp

DTE Energy (NYSE:DTEGet Rating) – Stock analysts at KeyCorp lowered their Q4 2022 earnings per share (EPS) estimates for shares of DTE Energy in a research note issued to investors on Monday, July 18th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.92 for the quarter, down from their previous estimate of $1.01. The consensus estimate for DTE Energy’s current full-year earnings is $6.04 per share. KeyCorp also issued estimates for DTE Energy’s FY2023 earnings at $6.27 EPS, FY2025 earnings at $7.05 EPS and FY2026 earnings at $7.45 EPS.

DTE Energy (NYSE:DTEGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The utilities provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.25. DTE Energy had a return on equity of 13.58% and a net margin of 5.59%. The company had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm earned $2.44 EPS.

Other equities analysts have also recently issued reports about the company. Credit Suisse Group upgraded DTE Energy from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $142.00 to $140.00 in a report on Monday, May 23rd. Morgan Stanley decreased their target price on DTE Energy from $143.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. Mizuho decreased their target price on DTE Energy from $137.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Citigroup lifted their target price on DTE Energy from $134.00 to $146.00 in a report on Tuesday, May 3rd. Finally, Barclays lowered their price target on DTE Energy from $141.00 to $131.00 and set an “equal weight” rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.00.

DTE Energy Stock Performance

Shares of NYSE DTE opened at $121.46 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.64 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.42 and a beta of 0.62. The stock’s fifty day simple moving average is $126.62 and its 200 day simple moving average is $126.07. DTE Energy has a 52-week low of $108.22 and a 52-week high of $140.23.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Monday, September 19th will be given a dividend of $0.885 per share. The ex-dividend date is Friday, September 16th. This represents a $3.54 dividend on an annualized basis and a yield of 2.91%. DTE Energy’s payout ratio is 76.13%.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 600 shares of DTE Energy stock in a transaction on Friday, May 27th. The stock was sold at an average price of $134.28, for a total transaction of $80,568.00. Following the completion of the sale, the vice president now owns 3,485 shares of the company’s stock, valued at $467,965.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of DTE Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fermata Advisors LLC lifted its position in shares of DTE Energy by 4.5% during the 1st quarter. Fermata Advisors LLC now owns 1,842 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 79 shares during the last quarter. US Bancorp DE lifted its position in shares of DTE Energy by 0.3% during the 1st quarter. US Bancorp DE now owns 28,381 shares of the utilities provider’s stock worth $3,752,000 after purchasing an additional 86 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of DTE Energy by 9.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,038 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 87 shares during the last quarter. City Holding Co. increased its stake in DTE Energy by 1.0% during the first quarter. City Holding Co. now owns 9,450 shares of the utilities provider’s stock valued at $1,249,000 after acquiring an additional 90 shares during the period. Finally, Leisure Capital Management increased its stake in DTE Energy by 1.1% during the first quarter. Leisure Capital Management now owns 8,973 shares of the utilities provider’s stock valued at $1,186,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

About DTE Energy

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DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Earnings History and Estimates for DTE Energy (NYSE:DTE)

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