DTE Energy (NYSE:DTE) Issues Earnings Results, Beats Expectations By $0.01 EPS

DTE Energy (NYSE:DTE) announced its quarterly earnings data on Thursday. The utilities provider reported $1.51 earnings per share (EPS) 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 Stock Up 1.1 %

Shares of NYSE DTE opened at $129.21 on Friday. DTE Energy has a 12 month low of $103.06 and a 12 month 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 capitalization of $26.76 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. The business has a 50-day moving average of $121.09 and a 200-day moving average of $122.97.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 59.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DTE shares. UBS Group upgraded DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $129.00 to $143.00 in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Jefferies Financial Group started coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 price objective on the stock. StockNews.com cut DTE Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Scotiabank upped their price target on DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $136.25.

DTE Energy Company Profile

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.