Seaport Res Ptn Reduces Earnings Estimates for DTE Energy

DTE Energy (NYSE:DTE) – Research analysts at Seaport Res Ptn reduced their FY2028 earnings estimates for shares of DTE Energy in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $8.83 per share for the year, down from their previous forecast of $8.84. The consensus estimate for DTE Energy’s current full-year earnings is $6.76 per share.

A number of other equities analysts have also issued reports on the company. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Barclays boosted their target price on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price objective on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, KeyCorp cut shares of DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Trading Up 0.6 %

NYSE DTE opened at $121.06 on Tuesday. The firm’s fifty day moving average is $121.47 and its two-hundred day moving average is $121.48. DTE Energy has a one year low of $102.17 and a one year high of $131.66. 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 firm has a market cap of $25.07 billion, a PE ratio of 16.40, a P/E/G ratio of 2.23 and a beta of 0.68.

DTE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be paid a $1.09 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Monday, December 16th. DTE Energy’s dividend payout ratio (DPR) is presently 59.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DTE. Mizuho Securities USA LLC grew its holdings in DTE Energy by 44,009.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after buying an additional 7,023,042 shares during the last quarter. State Street Corp lifted its position in shares of DTE Energy by 7.0% in 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 acquired a new stake in shares of DTE Energy during the third quarter valued at $69,894,000. Point72 Asset Management L.P. acquired a new stake in shares of DTE Energy during the third quarter valued at $66,733,000. Finally, Nordea Investment Management AB increased its position in DTE Energy by 2,235.2% during the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after purchasing an additional 211,763 shares in the last quarter. 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.