Zacks Research Research Analysts Lift Earnings Estimates for DTE Energy (NYSE:DTE)

DTE Energy (NYSE:DTE) – Zacks Research raised their FY2025 earnings estimates for shares of DTE Energy in a research report issued to clients and investors on Tuesday, April 9th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $7.18 per share for the year, up from their prior estimate of $7.15. The consensus estimate for DTE Energy’s current full-year earnings is $6.70 per share.

Several other analysts also recently commented on DTE. JPMorgan Chase & Co. raised their price objective on shares of DTE Energy from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets cut their target price on DTE Energy from $113.00 to $111.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. TheStreet raised shares of DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Barclays reduced their price target on shares of DTE Energy from $113.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. Finally, Wolfe Research downgraded shares of DTE Energy from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $114.00.

DTE Energy Stock Performance

Shares of DTE stock opened at $106.64 on Thursday. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.72 and a beta of 0.64. DTE Energy has a 52 week low of $90.14 and a 52 week high of $116.73. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $108.60 and a 200-day moving average of $105.41.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.96 by $0.01. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $4.97 billion. DTE Energy had a net margin of 10.96% and a return on equity of 11.00%. During the same quarter last year, the firm posted $1.31 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of DTE Energy by 6.6% in the first quarter. Vanguard Group Inc. now owns 23,028,699 shares of the utilities provider’s stock worth $3,044,624,000 after purchasing an additional 1,420,586 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of DTE Energy by 1.9% during the fourth quarter. Capital Research Global Investors now owns 20,933,030 shares of the utilities provider’s stock valued at $2,308,076,000 after purchasing an additional 399,646 shares during the period. State Street Corp raised its holdings in shares of DTE Energy by 2.6% during the first quarter. State Street Corp now owns 9,707,687 shares of the utilities provider’s stock valued at $1,291,854,000 after acquiring an additional 245,923 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of DTE Energy by 16.4% during the third quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock valued at $509,081,000 after acquiring an additional 724,561 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of DTE Energy by 0.7% during the fourth quarter. Neuberger Berman Group LLC now owns 4,699,876 shares of the utilities provider’s stock valued at $518,219,000 after acquiring an additional 32,450 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

Insider Activity at DTE Energy

In related news, CAO Tracy J. Myrick sold 600 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now directly owns 3,462 shares in the company, valued at approximately $370,572.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Robert A. Richard sold 4,800 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total transaction of $514,800.00. Following the sale, the chief operating officer now directly owns 26,118 shares in the company, valued at $2,801,155.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Tracy J. Myrick sold 600 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $107.04, for a total value of $64,224.00. Following the sale, the chief accounting officer now owns 3,462 shares in the company, valued at $370,572.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,095 shares of company stock worth $2,168,183. Company insiders own 0.28% of the company’s stock.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s dividend payout ratio is currently 60.36%.

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.