What is KeyCorp’s Forecast for DTE Energy FY2028 Earnings?

DTE Energy (NYSE:DTE) – KeyCorp lowered their FY2028 earnings per share estimates for shares of DTE Energy in a research report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $9.16 for the year, down from their previous estimate of $9.17. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for DTE Energy’s current full-year earnings is $6.75 per share.

Several other research analysts have also issued reports on DTE. Wells Fargo & Company increased their target price 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. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Bank of America upped their price target on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a report on Tuesday. Finally, Scotiabank increased their target price on DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.54.

DTE Energy Trading Down 0.7 %

NYSE DTE opened at $121.57 on Friday. The stock has a market capitalization of $25.18 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.27 and a beta of 0.68. DTE Energy has a one year low of $102.17 and a one year high of $131.66. The business has a 50 day simple moving average of $124.50 and a 200 day simple moving average of $120.18. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.83 and a quick ratio of 0.62.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $1.09 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $4.36 annualized dividend and a dividend yield of 3.59%. This is a boost from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Institutional Investors Weigh In On DTE Energy

Several large investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of DTE Energy by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 2,490 shares of the utilities provider’s stock worth $320,000 after buying an additional 96 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in DTE Energy in the third quarter worth about $155,000. Arvest Bank Trust Division purchased a new position in DTE Energy in the third quarter valued at about $10,338,000. World Investment Advisors LLC bought a new position in shares of DTE Energy during the 3rd quarter valued at approximately $269,000. Finally, Sanctuary Advisors LLC increased its stake in shares of DTE Energy by 21.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,220 shares of the utilities provider’s stock worth $3,765,000 after purchasing an additional 5,243 shares during the last quarter. 76.06% of the stock is 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.