DTE Energy Stock Sees Q3 Earnings Estimate Cut at KeyCorp

DTE Energy Company (NYSE:DTE) – Research analysts at KeyCorp cut their Q3 2026 earnings per share (EPS) estimates for shares of DTE Energy in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $2.08 for the quarter, down from their prior estimate of $2.36. The consensus estimate for DTE Energy’s current full-year earnings is $7.71 per share. KeyCorp also issued estimates for DTE Energy’s FY2026 earnings at $7.66 EPS, FY2027 earnings at $8.32 EPS, FY2028 earnings at $8.95 EPS, FY2029 earnings at $9.65 EPS and FY2030 earnings at $10.41 EPS.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. DTE Energy had a net margin of 8.00% and a return on equity of 12.19%. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the firm earned $1.36 earnings per share.

A number of other research firms have also issued reports on DTE. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a report on Thursday, July 9th. Morgan Stanley decreased their price objective on shares of DTE Energy from $148.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, September 18th. TD Cowen started coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of DTE Energy from $132.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DTE Energy from $155.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.54.

DTE Energy Stock Performance

Shares of DTE opened at $128.43 on Wednesday. The company has a 50-day moving average of $132.31 and a two-hundred day moving average of $141.57. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.52 and a beta of 0.36. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.80 and a quick ratio of 0.53. DTE Energy has a one year low of $119.68 and a one year high of $155.74.

Insider Transactions at DTE Energy

In other DTE Energy news, Vice Chairman Trevor Lauer sold 5,000 shares of the firm’s stock in a transaction dated 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 approximately $9,923,386.62. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On DTE Energy

Several institutional investors and hedge funds have recently bought and sold shares of DTE. BlackRock Inc. acquired a new stake in shares of DTE Energy during the second quarter worth approximately $3,915,284,000. Jupiter Topco LLC purchased a new position in DTE Energy during the second quarter valued at approximately $477,264,000. Janus Henderson Group PLC grew its position in DTE Energy by 1.3% during the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider’s stock valued at $451,022,000 after purchasing an additional 40,346 shares in the last quarter. Bank of America Corp DE purchased a new position in DTE Energy during the second quarter valued at approximately $417,001,000. Finally, Millennium Management LLC increased its stake in DTE Energy by 227.4% in the 4th quarter. Millennium Management LLC now owns 2,729,226 shares of the utilities provider’s stock valued at $352,016,000 after buying an additional 1,895,631 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company is a diversified energy company headquartered in Detroit, Michigan. Through its regulated utility operations, the company generates, transmits and distributes electricity and purchases, stores, transports and distributes natural gas. Its utility services primarily support residential, commercial and industrial customers across southeastern Michigan.

DTE Energy also operates businesses involved in energy-related products and services, including renewable energy, energy management, power and industrial projects, and other nonutility activities.