Seaport Res Ptn Lowers Earnings Estimates for DTE Energy

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

Several other research firms have also recently commented on DTE. Barclays lifted their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 7th. UBS Group raised shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Wells Fargo & Company upped their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, KeyCorp cut DTE Energy from an “overweight” rating to a “sector weight” rating in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.31.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $121.06 on Tuesday. The business has a fifty day simple moving average of $121.47 and a 200-day simple moving average of $121.48. DTE Energy has a 52 week low of $102.17 and a 52 week high of $131.66. The company has a market cap of $25.07 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.23 and a beta of 0.68. 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 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 $1.09 dividend. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 16th. This represents a $4.36 annualized dividend and a yield of 3.60%. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in DTE Energy in the fourth quarter valued at about $1,400,000. Advance Capital Management Inc. raised its position in shares of DTE Energy by 26.2% in the 4th quarter. Advance Capital Management Inc. now owns 4,481 shares of the utilities provider’s stock valued at $541,000 after purchasing an additional 929 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of 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 valued at $26,706,000 after buying an additional 211,763 shares during the last quarter. GAMMA Investing LLC grew its position in shares of DTE Energy by 33.5% during the fourth quarter. GAMMA Investing LLC now owns 7,902 shares of the utilities provider’s stock worth $954,000 after buying an additional 1,985 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in DTE Energy by 890.0% in the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 267 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

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.