DTE Energy (NYSE:DTE) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

DTE Energy (NYSE:DTE) announced its quarterly earnings results on Tuesday. The utilities provider reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12, Briefing.com reports. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. During the same period last year, the company posted $1.51 EPS. DTE Energy updated its FY 2026 guidance to 7.590-7.730 EPS.

DTE Energy Stock Performance

DTE opened at $144.87 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy has a 52-week low of $123.69 and a 52-week high of $145.41. The firm has a market cap of $30.09 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The business’s fifty day moving average is $132.87 and its 200-day moving average is $136.17.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio is 69.97%.

Wall Street Analysts Forecast Growth

DTE has been the topic of several research reports. Bank of America upped their target price on DTE Energy from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Barclays reduced their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Mizuho upped their price objective on DTE Energy from $140.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Scotiabank dropped their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.69.

Hedge Funds Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of DTE Energy by 2.5% during the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock worth $1,441,776,000 after acquiring an additional 272,068 shares during the period. Boston Partners raised its position in DTE Energy by 2.1% during the third quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock valued at $361,625,000 after purchasing an additional 53,447 shares in the last quarter. Invesco Ltd. raised its position in DTE Energy by 2.4% during the third quarter. Invesco Ltd. now owns 2,445,469 shares of the utilities provider’s stock valued at $345,863,000 after purchasing an additional 58,457 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DTE Energy by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,353,770 shares of the utilities provider’s stock worth $174,609,000 after purchasing an additional 16,203 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of DTE Energy by 17.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,269,988 shares of the utilities provider’s stock valued at $179,615,000 after purchasing an additional 190,937 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.