FY2024 EPS Estimates for DTE Energy Raised by Zacks Research

DTE Energy (NYSE:DTE) – Zacks Research boosted their FY2024 EPS estimates for DTE Energy in a report released on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $6.79 for the year, up from their prior 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.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group began coverage on DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 price target on the stock. Morgan Stanley lifted their price target on shares of DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company boosted their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Mizuho raised their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Barclays upped their target price on shares of DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.46.

DTE Energy Stock Up 1.0 %

NYSE DTE opened at $121.68 on Monday. The stock has a market capitalization of $25.20 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. DTE Energy has a 52 week low of $101.44 and a 52 week 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 stock has a fifty day moving average of $124.74 and a 200-day moving average of $119.49.

Institutional Investors Weigh In On DTE Energy

Several institutional investors have recently added to or reduced their stakes in DTE. Mizuho Securities USA LLC grew its position in DTE Energy by 44,009.5% in the third quarter. Mizuho Securities USA LLC now owns 7,039,000 shares of the utilities provider’s stock valued at $903,878,000 after purchasing an additional 7,023,042 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in DTE Energy by 6,964.9% during the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares during the last quarter. State Street Corp boosted its holdings in DTE Energy by 7.0% in the 3rd quarter. State Street Corp now owns 10,193,572 shares of the utilities provider’s stock valued at $1,319,264,000 after purchasing an additional 662,569 shares during the period. Zimmer Partners LP acquired a new position in shares of DTE Energy during the 3rd quarter worth approximately $69,894,000. Finally, Point72 Asset Management L.P. bought a new position in shares of DTE Energy during the third quarter worth approximately $66,733,000. 76.06% of the stock is owned by institutional investors.

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.