DTE Energy (NYSE:DTE) Announces Quarterly Earnings Results

DTE Energy (NYSE:DTE) released its earnings results on Thursday. The utilities provider reported $1.51 earnings per share 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 Price Performance

Shares of NYSE DTE opened at $127.90 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. DTE Energy has a twelve month low of $103.06 and a twelve month high of $131.66. The stock has a 50 day moving average of $120.98 and a two-hundred day moving average of $122.94. The stock has a market cap of $26.49 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.25 and a beta of 0.68.

DTE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be paid a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s dividend payout ratio is currently 59.08%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DTE shares. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 price objective for the company. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded DTE Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Morgan Stanley lowered their price objective on DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.