DTE Energy FY2025 EPS Estimate Lifted by Seaport Res Ptn

Key Points

• Analysts at Seaport Res Ptn have increased their FY2025 earnings per share (EPS) estimate for DTE Energy from $7.20 to $7.26, while other projections for future years also show growth.
• The stock has received mixed assessments from analysts, with ten buy ratings, a "Moderate Buy" average rating, and a price target of $141.53.
• DTE Energy will pay a $1.09 quarterly dividend on October 15th, resulting in an annualized dividend of $4.36 and a yield of 3.18%.

DTE Energy Company (NYSE:DTE - Free Report) - Research analysts at Seaport Res Ptn upped their FY2025 EPS estimates for shares of DTE Energy in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $7.26 for the year, up from their prior forecast of $7.20. The consensus estimate for DTE Energy's current full-year earnings is $7.18 per share. Seaport Res Ptn also issued estimates for DTE Energy's FY2026 earnings at $7.75 EPS, FY2027 earnings at $8.41 EPS and FY2028 earnings at $8.92 EPS.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.67 billion.

A number of other equities analysts have also recently commented on DTE. JPMorgan Chase & Co. lifted their target price on shares of DTE Energy from $145.00 to $147.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Barclays lifted their price objective on shares of DTE Energy from $136.00 to $138.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Citigroup restated a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a research report on Friday, May 23rd. Wall Street Zen downgraded DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

DTE Energy Stock Performance

NYSE:DTE traded up $0.07 during mid-day trading on Wednesday, reaching $138.48. 1,411,978 shares of the stock were exchanged, compared to its average volume of 1,391,989. The company has a quick ratio of 0.59, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. DTE Energy has a 1 year low of $115.59 and a 1 year high of $140.39. The company has a 50 day simple moving average of $134.40 and a 200-day simple moving average of $132.17. The stock has a market capitalization of $28.75 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.75 and a beta of 0.42.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. DTE Energy's dividend payout ratio is presently 58.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors grew its holdings in shares of DTE Energy by 123.2% in the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after acquiring an additional 3,766,221 shares during the period. GAMMA Investing LLC boosted its position in DTE Energy by 14,878.4% during the first quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock worth $163,655,000 after purchasing an additional 1,175,689 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in DTE Energy by 1,794.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after purchasing an additional 871,978 shares during the last quarter. AQR Capital Management LLC increased its position in shares of DTE Energy by 750.0% in the fourth quarter. AQR Capital Management LLC now owns 964,655 shares of the utilities provider's stock valued at $116,482,000 after buying an additional 851,169 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after buying an additional 822,854 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.