Seaport Res Ptn Estimates DTE Energy FY2027 Earnings

DTE Energy (NYSE:DTE) – Seaport Res Ptn issued their FY2027 EPS estimates for DTE Energy in a research report issued on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski anticipates that the utilities provider will post earnings of $8.42 per share for the year. The consensus estimate for DTE Energy’s current full-year earnings is $6.73 per share. Seaport Res Ptn also issued estimates for DTE Energy’s FY2028 earnings at $8.84 EPS.

Several other brokerages have also recently commented on DTE. Scotiabank boosted their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their price target on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. StockNews.com cut DTE Energy from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company increased their price target on shares of DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their target price on DTE Energy from $121.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.46.

DTE Energy Trading Up 0.1 %

Shares of NYSE DTE opened at $124.21 on Friday. DTE Energy has a twelve month low of $92.58 and a twelve month high of $131.66. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The stock has a market cap of $25.72 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.25 and a beta of 0.67. The company’s fifty day moving average is $125.89 and its 200-day moving average is $118.36.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. ESL Trust Services LLC bought a new stake in DTE Energy during the 1st quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new position in shares of DTE Energy in the 2nd quarter worth about $31,000. Salomon & Ludwin LLC increased its holdings in shares of DTE Energy by 82.3% in the 1st quarter. Salomon & Ludwin LLC now owns 432 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 195 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of DTE Energy in the second quarter worth $54,000. Finally, Carmichael Hill & Associates Inc. lifted its holdings in shares of DTE Energy by 47.5% during the third quarter. Carmichael Hill & Associates Inc. now owns 497 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 160 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company Profile

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.