KeyCorp Issues Negative Outlook for DTE Energy Earnings

DTE Energy (NYSE:DTE) – Stock analysts at KeyCorp dropped their Q4 2024 earnings estimates for shares of DTE Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.52 for the quarter, down from their previous forecast 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.

DTE has been the topic of a number of other research reports. Scotiabank raised their price target on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley lowered their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of DTE Energy in a report on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. Bank of America increased their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price objective on shares of DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $133.54.

DTE Energy Stock Up 0.1 %

DTE opened at $122.40 on Thursday. 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 stock has a market capitalization of $25.35 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. The business’s 50-day simple moving average is $124.50 and its 200-day simple moving average is $120.18.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s payout ratio is currently 55.28%.

Institutional Trading of DTE Energy

A number of institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in DTE Energy in the third quarter valued at $30,000. Ridgewood Investments LLC acquired a new stake in shares of DTE Energy in the second quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in DTE Energy during the third quarter worth about $35,000. Prospera Private Wealth LLC acquired a new position in DTE Energy during the third quarter worth about $35,000. Finally, Coastline Trust Co acquired a new position in DTE Energy during the third quarter worth about $39,000. 76.06% of the stock is currently owned by hedge funds and other 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.