DTE Energy (NYSE:DTE – Free Report) – Zacks Research lowered their Q1 2026 earnings per share estimates for DTE Energy in a research report issued on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $1.74 per share for the quarter, down from their previous estimate of $1.76. The consensus estimate for DTE Energy’s current full-year earnings is $6.74 per share.
Other equities analysts have also issued research reports about the company. Wells Fargo & Company upped their price objective on DTE Energy from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Bank of America upped their price objective on DTE Energy from $131.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. KeyCorp upped their price objective on DTE Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley dropped their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.46.
DTE Energy Stock Performance
NYSE:DTE opened at $126.08 on Thursday. The firm has a market capitalization of $26.11 billion, a PE ratio of 17.08, a P/E/G ratio of 2.31 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The stock has a 50-day simple moving average of $124.66 and a two-hundred day simple moving average of $119.88. DTE Energy has a 52-week low of $102.17 and a 52-week high of $131.66.
Institutional Investors Weigh In On DTE Energy
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new position in DTE Energy in the first quarter worth approximately $708,000. Cetera Investment Advisers boosted its position in DTE Energy by 242.0% during the 1st quarter. Cetera Investment Advisers now owns 29,306 shares of the utilities provider’s stock valued at $3,286,000 after acquiring an additional 20,737 shares in the last quarter. Bank of Montreal Can boosted its position in DTE Energy by 19.0% during the 2nd quarter. Bank of Montreal Can now owns 269,031 shares of the utilities provider’s stock valued at $30,220,000 after acquiring an additional 42,960 shares in the last quarter. Hancock Whitney Corp boosted its position in DTE Energy by 80.0% during the 3rd quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock valued at $1,655,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Entropy Technologies LP boosted its position in DTE Energy by 10.9% during the 3rd quarter. Entropy Technologies LP now owns 45,182 shares of the utilities provider’s stock valued at $5,802,000 after acquiring an additional 4,441 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.
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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