Zacks Research Predicts DTE Energy's Q3 Earnings (NYSE:DTE)

DTE Energy (NYSE:DTE - Free Report) - Analysts at Zacks Research increased their Q3 2026 EPS estimates for DTE Energy in a note issued to investors on Monday, June 9th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $1.51 for the quarter, up from their prior estimate of $1.47. The consensus estimate for DTE Energy's current full-year earnings is $7.18 per share. Zacks Research also issued estimates for DTE Energy's Q4 2026 earnings at $2.78 EPS, FY2026 earnings at $7.71 EPS, Q1 2027 earnings at $2.24 EPS and FY2027 earnings at $8.32 EPS.

A number of other research firms have also recently issued reports on DTE. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Wells Fargo & Company raised 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. Morgan Stanley cut their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Citigroup reiterated a "buy" rating and issued a $151.00 target price (up from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Finally, Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.93.

DTE Energy Stock Up 0.7%

Shares of DTE stock traded up $0.93 during mid-day trading on Thursday, reaching $135.90. 1,028,257 shares of the company were exchanged, compared to its average volume of 1,259,158. The business's 50 day simple moving average is $134.45 and its 200 day simple moving average is $129.04. DTE Energy has a fifty-two week low of $108.40 and a fifty-two week high of $140.39. The company has a market capitalization of $28.20 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.41 and a beta of 0.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the company earned $1.67 earnings per share.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently bought and sold shares of DTE. Capital World Investors grew its stake in DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock valued at $823,905,000 after acquiring an additional 3,766,221 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of DTE Energy by 14,878.4% during the 1st quarter. GAMMA Investing LLC now owns 1,183,591 shares of the utilities provider's stock valued at $163,655,000 after buying an additional 1,175,689 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock valued at $3,053,330,000 after buying an additional 879,670 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of DTE Energy by 1,794.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 920,569 shares of the utilities provider's stock valued at $111,159,000 after buying an additional 871,978 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of DTE Energy by 750.0% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.21%. DTE Energy's dividend payout ratio (DPR) is presently 58.92%.

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.