KeyCorp Weighs in on DTE Energy's Q3 Earnings (NYSE:DTE)

Key Points

• KeyCorp lowered its Q3 2026 EPS estimate for DTE Energy to $2.08 from $2.36, while projecting full-year 2026 EPS of $7.66 and longer-term growth to $10.41 by 2030.
• DTE’s latest quarter exceeded expectations, with EPS of $1.32 versus the $1.14 consensus and revenue of $6.74 billion; however, the stock opened at $128.43, below its 50-day and 200-day moving averages.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and an average price target of $154.54. Institutional investors own 76.06% of the company, while an insider recently sold 5,000 shares.

DTE Energy Company (NYSE:DTE - Free Report) - Stock analysts at KeyCorp cut their Q3 2026 earnings per share estimates for shares of DTE Energy in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $2.08 per share for the quarter, down from their prior estimate of $2.36. The consensus estimate for DTE Energy's current full-year earnings is $7.71 per share. KeyCorp also issued estimates for DTE Energy's FY2026 earnings at $7.66 EPS, FY2027 earnings at $8.32 EPS, FY2028 earnings at $8.95 EPS, FY2029 earnings at $9.65 EPS and FY2030 earnings at $10.41 EPS.

DTE Energy (NYSE:DTE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.18. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned $1.36 earnings per share.

Several other equities analysts have also recently commented on DTE. TD Cowen initiated coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They set a "hold" rating and a $166.00 target price on the stock. Morgan Stanley dropped their price target on shares of DTE Energy from $148.00 to $141.00 and set an "overweight" rating on the stock in a research report on Friday, September 18th. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research note on Thursday, July 9th. Truist Financial decreased their price objective on shares of DTE Energy from $166.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, DTE Energy has a consensus rating of "Moderate Buy" and a consensus price target of $154.54.

DTE Energy Stock Performance

DTE stock opened at $128.43 on Wednesday. The company has a market capitalization of $26.72 billion, a P/E ratio of 20.32, a PEG ratio of 2.52 and a beta of 0.36. The company has a 50-day simple moving average of $132.31 and a 200 day simple moving average of $141.57. DTE Energy has a fifty-two week low of $119.68 and a fifty-two week high of $155.74. The company has a quick ratio of 0.53, a current ratio of 0.80 and a debt-to-equity ratio of 2.13.

Insider Buying and Selling at DTE Energy

In related news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the transaction, the insider owned 73,122 shares of the company's stock, valued at $9,923,386.62. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of DTE Energy in the second quarter valued at $3,915,284,000. Jupiter Topco LLC acquired a new stake in shares of DTE Energy during the 2nd quarter valued at $477,264,000. Bank of America Corp DE bought a new stake in shares of DTE Energy during the 2nd quarter worth $417,001,000. Millennium Management LLC boosted its stake in shares of DTE Energy by 227.4% during the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider's stock worth $352,016,000 after acquiring an additional 1,895,631 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of DTE Energy during the 2nd quarter worth $199,563,000. 76.06% of the stock is currently owned by institutional investors.

About DTE Energy

DTE Energy Company is a diversified energy company headquartered in Detroit, Michigan. Through its regulated utility operations, the company generates, transmits and distributes electricity and purchases, stores, transports and distributes natural gas. Its utility services primarily support residential, commercial and industrial customers across southeastern Michigan.

DTE Energy also operates businesses involved in energy-related products and services, including renewable energy, energy management, power and industrial projects, and other nonutility activities.

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