What is KeyCorp’s Estimate for DTE Energy Q4 Earnings?

DTE Energy (NYSE:DTE) – KeyCorp cut their Q4 2024 earnings per share (EPS) estimates for shares of DTE Energy in a report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.52 for the quarter, down from their previous estimate of $1.76. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for DTE Energy’s current full-year earnings is $6.75 per share. KeyCorp also issued estimates for DTE Energy’s FY2026 earnings at $8.08 EPS.

Several other brokerages have also commented on DTE. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $129.00 to $143.00 in a report on Tuesday. Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Bank of America increased their target price on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays upped their price target on DTE Energy from $128.00 to $137.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $133.54.

DTE Energy Stock Down 0.7 %

Shares of DTE Energy stock opened at $121.57 on Thursday. 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 twelve month low of $102.17 and a twelve month high of $131.66. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. The company’s 50 day moving average is $124.50 and its 200 day moving average is $120.18.

Institutional Trading of DTE Energy

Several institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of DTE Energy during the third quarter valued at $30,000. Prospera Private Wealth LLC bought a new stake in DTE Energy during the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC bought a new stake in DTE Energy during the 3rd quarter valued at about $35,000. Ridgewood Investments LLC purchased a new stake in DTE Energy in the 2nd quarter valued at about $31,000. Finally, Coastline Trust Co purchased a new position in shares of DTE Energy during the third quarter worth approximately $39,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $1.09 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 dividend on an annualized basis and a yield of 3.59%. DTE Energy’s payout ratio is 59.08%.

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.