FY2024 EPS Estimates for DTE Energy Raised by Zacks Research

DTE Energy (NYSE:DTE) – Analysts at Zacks Research boosted their FY2024 earnings per share 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 estimate 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.

Several other equities research analysts also recently weighed in on the company. KeyCorp increased their price target on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Wells Fargo & Company upped their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Scotiabank lifted their target price on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley increased their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Trading Up 0.6 %

Shares of NYSE:DTE opened at $120.09 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. DTE Energy has a 52-week low of $101.44 and a 52-week high of $131.66. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.22 and a beta of 0.68. The business has a 50-day moving average price of $124.90 and a 200-day moving average price of $119.37.

Institutional Trading of DTE Energy

Hedge funds have recently made changes to their positions in the company. UniSuper Management Pty Ltd raised its position in DTE Energy by 407.3% in 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 during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of 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 worth $13,934,000 after acquiring an additional 11,218 shares during the period. 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 valued at $42,836,000 after purchasing an additional 42,635 shares during the period. Cetera Advisors LLC acquired a new position in DTE Energy during the 1st quarter worth $708,000. Finally, Cetera Investment Advisers increased its holdings in DTE Energy by 242.0% during the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock worth $3,286,000 after purchasing an additional 20,737 shares during the period. Hedge funds and other 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.