DTE Energy (NYSE:DTE) Announces Earnings Results, Beats Estimates By $0.01 EPS

DTE Energy (NYSE:DTE) posted its quarterly earnings data on Thursday. The utilities provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01, Zacks reports. DTE Energy had a return on equity of 13.42% and a net margin of 12.33%. DTE Energy updated its FY 2025 guidance to 7.090-7.230 EPS.

DTE Energy Price Performance

Shares of NYSE:DTE traded up $3.00 on Thursday, reaching $127.19. 1,014,764 shares of the company were exchanged, compared to its average volume of 1,096,516. The company has a 50-day moving average of $120.98 and a 200-day moving average of $122.94. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, March 17th. DTE Energy’s dividend payout ratio is presently 59.08%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DTE. Wells Fargo & Company raised their price objective on DTE Energy from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. UBS Group upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $129.00 to $143.00 in a research note on Tuesday, December 3rd. StockNews.com upgraded DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, December 4th. Finally, Scotiabank upped their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

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.