FY2026 Earnings Estimate for DTE Energy Issued By Scotiabank

DTE Energy Company (NYSE:DTE) – Equities research analysts at Scotiabank increased their FY2026 EPS estimates for shares of DTE Energy in a research report issued to clients and investors on Wednesday, November 11th. Scotiabank analyst A. Weisel now expects that the utilities provider will post earnings of $7.72 per share for the year, up from their previous estimate of $7.69. The consensus estimate for DTE Energy’s current full-year earnings is $7.70 per share. Scotiabank also issued estimates for DTE Energy’s FY2027 earnings at $7.72 EPS.

DTE has been the topic of a number of other research reports. Jefferies Financial Group set a $152.00 target price on shares of DTE Energy in a research report on Friday, October 23rd. BMO Capital Markets boosted their price target on DTE Energy from $134.00 to $139.00 and gave the company a “market perform” rating in a report on Friday, October 16th. Truist Financial set a $139.00 price target on DTE Energy in a research note on Friday, October 16th. Morgan Stanley decreased their price objective on DTE Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, HSBC initiated coverage on DTE Energy in a research report on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, DTE Energy currently has a consensus rating of “Moderate Buy” and an average price target of $148.58.

DTE Energy Stock Performance

NYSE:DTE opened at $139.16 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.62 and a quick ratio of 0.40. The firm has a market cap of $28.97 billion, a PE ratio of 21.21, a P/E/G ratio of 2.87 and a beta of 0.35. The firm has a 50 day simple moving average of $130.41 and a 200-day simple moving average of $140.92. DTE Energy has a 1-year low of $119.68 and a 1-year high of $155.74.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.17. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.61 billion. DTE Energy had a net margin of 8.21% and a return on equity of 12.17%. During the same period last year, the company earned $2.01 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake in shares of DTE Energy by 3.1% in the 3rd quarter. First Trust Advisors LP now owns 846,735 shares of the utilities provider’s stock valued at $103,132,000 after purchasing an additional 25,713 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in DTE Energy during the third quarter valued at approximately $1,131,000. Private Wealth Asset Management LLC purchased a new stake in DTE Energy during the third quarter worth approximately $703,000. Private Advisor Group LLC increased its position in shares of DTE Energy by 28.2% in the third quarter. Private Advisor Group LLC now owns 21,717 shares of the utilities provider’s stock worth $2,645,000 after acquiring an additional 4,775 shares in the last quarter. Finally, Focus Advisor Solutions LLC raised its stake in shares of DTE Energy by 184.5% in the 3rd quarter. Focus Advisor Solutions LLC now owns 20,843 shares of the utilities provider’s stock valued at $2,539,000 after acquiring an additional 13,517 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $135.71, for a total transaction of $678,550.00. Following the completion of the sale, the insider directly owned 73,122 shares in the company, valued at $9,923,386.62. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

DTE Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be issued a $1.2450 dividend. This is a boost from DTE Energy’s previous quarterly dividend of $1.1650. The ex-dividend date is Monday, December 21st. This represents a $4.98 dividend on an annualized basis and a dividend yield of 3.6%. DTE Energy’s dividend payout ratio (DPR) is 71.04%.

About DTE Energy

DTE Energy is a Detroit-based energy company whose core businesses are regulated electric and natural gas utilities in Michigan. Through DTE Electric, it generates, transmits and distributes electricity, while DTE Gas provides natural gas service to customers across the state. The company also operates non-utility businesses, including energy marketing and trading and industrial energy services. These businesses develop energy solutions such as recovering energy from industrial processes and waste, alongside the company’s investments in renewable energy generation.