FY2024 EPS Estimates for DTE Energy Lifted by Zacks Research

DTE Energy (NYSE:DTE) – Research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for DTE Energy in a note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $6.79 per share for the year, up from their previous 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.

DTE has been the topic of a number of other research reports. StockNews.com raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley raised their target price 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. LADENBURG THALM/SH SH started coverage on shares of DTE Energy in a research note on Wednesday, August 14th. They set a “buy” rating and a $131.00 target price for the company. Scotiabank raised their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $131.46.

DTE Energy Price Performance

NYSE DTE opened at $120.50 on Monday. DTE Energy has a one year low of $101.44 and a one year high of $131.66. The stock has a 50-day moving average of $124.82 and a 200 day moving average of $119.43. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.22 and a beta of 0.68.

Institutional Trading of DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC lifted its holdings in DTE Energy by 44,009.5% in the 3rd 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. Janus Henderson Group PLC lifted its holdings in shares of DTE Energy by 6,964.9% in the first quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after buying an additional 2,060,762 shares in the last quarter. State Street Corp grew its stake in DTE Energy by 7.0% during the third quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after acquiring an additional 662,569 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of DTE Energy during the third quarter valued at about $69,894,000. Finally, Point72 Asset Management L.P. bought a new stake in DTE Energy in the 3rd quarter worth approximately $66,733,000. 76.06% of the stock is currently owned by institutional investors.

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.