DTE Energy FY2028 EPS Estimate Lowered by Seaport Res Ptn

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

DTE has been the subject of several other reports. Morgan Stanley lowered their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on DTE Energy from $128.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on DTE Energy from $135.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.31.

DTE Energy Stock Up 0.6 %

NYSE:DTE opened at $120.35 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66. The company has a market cap of $24.92 billion, a PE ratio of 16.31, a P/E/G ratio of 2.23 and a beta of 0.68. The company’s 50 day moving average is $121.53 and its two-hundred day moving average is $121.48.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.02. DTE Energy’s dividend payout ratio (DPR) is currently 59.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of DTE Energy during the 3rd quarter valued at about $30,000. Prospera Private Wealth LLC purchased a new position in DTE Energy during the third quarter worth approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc grew 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 purchasing an additional 267 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of DTE Energy in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.