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

DTE Energy (NYSE:DTE) issued 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 net margin of 12.33% and a return on equity of 13.42%. DTE Energy updated its FY 2025 guidance to 7.090-7.230 EPS.

DTE Energy Trading Up 2.3 %

Shares of DTE stock traded up $2.91 during trading hours on Thursday, hitting $127.10. 1,108,059 shares of the company were exchanged, compared to its average volume of 1,099,663. The firm has a market cap of $26.32 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.25 and a beta of 0.68. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. The company has a 50 day simple moving average of $120.98 and a two-hundred day simple moving average of $122.94.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DTE shares. Morgan Stanley dropped their price objective on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. StockNews.com upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets increased their target price on shares of DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group started coverage on shares of DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DTE Energy presently has an average rating of “Moderate Buy” and a consensus 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.