FY2026 Earnings Forecast for DTE Energy Issued By Scotiabank

DTE Energy Company (NYSE:DTE) – Research analysts at Scotiabank increased their FY2026 EPS estimates for DTE Energy in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will earn $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 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. DTE Energy had a net margin of 8.21% and a return on equity of 12.17%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm posted $2.01 EPS.

DTE has been the topic of several other research reports. HSBC assumed coverage on DTE Energy in a research note on Thursday, October 22nd. They issued a “hold” rating and a $135.00 price target on the stock. Ladenburg Thalmann & Co. Inc. raised their price objective on DTE Energy from $135.50 to $144.50 and gave the company a “buy” rating in a research note on Friday, November 6th. BMO Capital Markets lifted their price objective on DTE Energy from $134.00 to $139.00 and gave the stock a “market perform” rating in a report on Friday, October 16th. JPMorgan Chase & Co. upped their target price on DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Truist Financial set a $139.00 target price on DTE Energy in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $148.58.

DTE Energy Stock Down 0.4%

Shares of DTE Energy stock opened at $139.16 on Friday. The business has a 50-day moving average of $130.41 and a 200-day moving average of $140.92. 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 company has a market capitalization of $28.97 billion, a PE ratio of 21.21, a P/E/G ratio of 2.87 and a beta of 0.35. DTE Energy has a 1-year low of $119.68 and a 1-year high of $155.74.

Institutional Trading of DTE Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Bancorp Inc ME bought a new position in DTE Energy during the 2nd quarter worth approximately $29,000. Community Bank N.A. acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of DTE Energy in the 2nd quarter worth approximately $35,000. Optiver Holding B.V. bought a new stake in shares of DTE Energy in the 1st quarter valued at approximately $36,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of DTE Energy by 682.4% in the 3rd quarter. Elevation Wealth Partners LLC now owns 266 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the sale, the insider owned 73,122 shares in the company, valued at approximately $9,923,386.62. This represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

DTE Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, December 21st will be given a $1.2450 dividend. This represents a $4.98 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 21st. This is an increase from DTE Energy’s previous quarterly dividend of $1.1650. DTE Energy’s payout ratio is presently 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.