FY2026 Earnings Estimate for DTE Energy Issued By KeyCorp

DTE Energy Company (NYSE:DTE) – Research analysts at KeyCorp issued their FY2026 earnings per share estimates for DTE Energy in a note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will earn $7.71 per share for the year. The consensus estimate for DTE Energy’s current full-year earnings is $7.71 per share. KeyCorp also issued estimates for DTE Energy’s FY2027 earnings at $8.26 EPS, FY2028 earnings at $8.90 EPS, FY2029 earnings at $9.61 EPS and FY2030 earnings at $10.37 EPS.

DTE Energy (NYSE:DTE) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same quarter last year, the company earned $1.36 earnings per share.

A number of other research firms also recently commented on DTE. TD Cowen assumed coverage on shares of DTE Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $166.00 price objective on the stock. Weiss Ratings cut shares of DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. Barclays decreased their price target on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of DTE Energy in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued 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 $158.38.

DTE Energy Stock Performance

Shares of DTE opened at $146.33 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. DTE Energy has a 52-week low of $126.23 and a 52-week high of $155.74. The company has a 50-day simple moving average of $147.69 and a 200-day simple moving average of $144.62. The company has a market capitalization of $30.44 billion, a PE ratio of 24.11, a P/E/G ratio of 3.21 and a beta of 0.38.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of DTE Energy

Several large investors have recently modified their holdings of DTE. Millennium Management LLC raised 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 purchasing an additional 1,895,631 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of DTE Energy during the fourth quarter worth about $139,423,000. Cohen & Steers Inc. acquired a new position in shares of DTE Energy in the fourth quarter valued at approximately $125,604,000. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after buying an additional 766,499 shares during the period. Finally, Raymond James Financial Inc. boosted its position in DTE Energy by 176.5% during the second quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock worth $134,474,000 after acquiring an additional 648,007 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: Quarterly earnings beat estimates. DTE reported second-quarter operating earnings of $274 million, or $1.32 per diluted share, versus the consensus estimate of $1.14. Reported net income attributable to common shareholders rose to $282 million, or $1.35 per share, from $229 million, or $1.10, a year earlier. Reuters article
• Positive Sentiment: Energy trading helped offset weaker utility results. Reuters reported that stronger performance from DTE’s energy trading business drove the profit beat, cushioning softer results in its electric and gas operations. Revenue was reported at approximately $6.7 billion, well above the cited $3.6 billion expectation. Quiver Quantitative earnings article
• Positive Sentiment: Full-year guidance was reaffirmed. DTE maintained its 2026 operating EPS outlook of $7.59 to $7.73, reducing the risk of a near-term forecast reset. Quiver Quantitative earnings article
• Neutral Sentiment: Large infrastructure investments support long-term growth but require capital. DTE invested more than $2.6 billion in its utilities during the first half, including over $900 million for electric reliability and a planned $1.6 billion battery-storage partnership with LG Energy Solution Vertech. These projects could expand the rate base and improve reliability, but also increase financing and execution requirements. DTE Energy press release
• Negative Sentiment: Underlying utility earnings declined year over year. Operating EPS fell from $1.36 to $1.32, while the company continues to face higher financing costs and substantial capital spending. The earnings beat was therefore partly dependent on energy trading rather than broad-based improvement across core regulated operations. Zacks earnings article

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.