DTE Energy (NYSE:DTE) Announces Earnings Results

DTE Energy (NYSE:DTE - Get Free Report) posted its quarterly earnings results on Thursday. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Up 1.1 %

Shares of NYSE:DTE traded up $1.40 during midday trading on Monday, reaching $129.21. The company had a trading volume of 1,891,676 shares, compared to its average volume of 1,108,923. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a 1-year low of $103.06 and a 1-year high of $131.66. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.68. The company has a fifty day simple moving average of $121.24 and a two-hundred day simple moving average of $123.07.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $1.09 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.37%. DTE Energy's dividend payout ratio (DPR) is 59.08%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DTE. Wells Fargo & Company increased their target price on DTE Energy from $133.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Guggenheim raised DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. KeyCorp lowered DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Scotiabank raised their price target on DTE Energy from $137.00 to $147.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Finally, Morgan Stanley lowered their price target on DTE Energy from $131.00 to $128.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.