KeyCorp Comments on DTE Energy's FY2025 Earnings (NYSE:DTE)

Key Points

• KeyCorp has estimated DTE Energy's FY2025 earnings per share at $7.22, slightly higher than the consensus estimate of $7.18.
• Multiple analysts have updated their price targets for DTE Energy, with Barclays raising it from $138.00 to $148.00, reflecting a generally optimistic outlook.
• DTE Energy's stock experienced a 0.3% increase, with current trading prices around $141.99 and a market cap of $29.48 billion.

DTE Energy Company (NYSE:DTE - Free Report) - Equities researchers at KeyCorp issued their FY2025 earnings estimates for shares of DTE Energy in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $7.22 for the year. The consensus estimate for DTE Energy's current full-year earnings is $7.18 per share. KeyCorp also issued estimates for DTE Energy's FY2026 earnings at $7.76 EPS, FY2027 earnings at $8.35 EPS, FY2028 earnings at $8.93 EPS and FY2029 earnings at $9.52 EPS.

A number of other research firms have also recently commented on DTE. Morgan Stanley lowered their target price on DTE Energy from $140.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of DTE Energy from $145.00 to $147.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating and issued a $147.00 price objective on shares of DTE Energy in a research report on Friday, October 3rd. BMO Capital Markets lifted their price objective on shares of DTE Energy from $140.00 to $144.00 and gave the stock a "market perform" rating in a research report on Monday, August 25th. Finally, Barclays lifted their price objective on shares of DTE Energy from $138.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $146.08.

DTE Energy Stock Up 0.3%

DTE stock opened at $141.99 on Monday. The stock has a market cap of $29.48 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.04 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96. The stock's fifty day simple moving average is $138.55 and its two-hundred day simple moving average is $136.00. DTE Energy has a 1-year low of $115.59 and a 1-year high of $143.79.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results 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). The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.67 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%.

Hedge Funds Weigh In On DTE Energy

Large investors have recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of DTE Energy in the first quarter valued at approximately $25,000. Quintet Private Bank Europe S.A. bought a new position in shares of DTE Energy in the second quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new position in shares of DTE Energy in the first quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DTE Energy in the first quarter valued at approximately $28,000. Finally, Global Wealth Strategies & Associates bought a new position in shares of DTE Energy in the third quarter valued at approximately $28,000. 76.06% of the stock is currently owned by institutional investors.

Insider Activity at DTE Energy

In other news, VP Lisa A. Muschong sold 1,600 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $140.53, for a total value of $224,848.00. Following the completion of the transaction, the vice president directly owned 4,153 shares in the company, valued at approximately $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% 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.

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