DTE Energy (NYSE:DTE) Releases Earnings Results

DTE Energy (NYSE:DTE) released its quarterly earnings data on Tuesday. The utilities provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18, Zacks reports. The firm had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $3.36 billion. DTE Energy had a return on equity of 12.16% and a net margin of 8.00%.During the same quarter last year, the firm earned $1.36 earnings per share.

Here are the key takeaways from DTE Energy’s conference call:

• DTE reported $1.32 in Q2 operating EPS and said year-to-date performance keeps it on track to reach the high end of its 2026 guidance, supported by rate relief, RNG tax credits, and strong non-utility results.
• Data-center growth remains a major upside opportunity: the approved 1.4-gigawatt Oracle project is under construction, Google’s 1-gigawatt contract is awaiting MPSC approval, and DTE is targeting another agreement by year-end from a 2-gigawatt advanced pipeline.
• DTE said data centers could improve affordability for existing customers, estimating about $300 million of annual benefits from Oracle and roughly $1.7 billion over the Google contract’s life, while potentially allowing an electric rate-case stay-out through at least 2028.
• A severe July storm affected nearly 400,000 customers and caused extended restoration times, highlighting remaining grid-resilience needs; DTE plans approximately $11 billion of reliability investment over five years and expects to issue $500 million-$600 million of equity annually through 2028, creating potential shareholder dilution.

DTE Energy Stock Performance

DTE traded down $2.04 during trading hours on Thursday, reaching $141.47. The company’s stock had a trading volume of 315,146 shares, compared to its average volume of 1,434,715. DTE Energy has a 52 week low of $126.23 and a 52 week high of $155.74. The company’s 50-day moving average is $147.70 and its 200-day moving average is $144.71. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $29.43 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.19 and a beta of 0.38.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be issued a dividend of $1.165 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. DTE Energy’s payout ratio is presently 76.77%.

Insider Buying and Selling

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DTE Energy

Hedge funds have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new position in shares of DTE Energy during the fourth quarter worth approximately $36,000. DV Equities LLC bought a new stake in DTE Energy in the 4th quarter valued at $37,000. Ossiam acquired a new stake in shares of DTE Energy during the second quarter worth $45,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of DTE Energy by 354.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the utilities provider’s stock worth $47,000 after buying an additional 259 shares in the last quarter. Finally, HM Payson & Co. boosted its position in shares of DTE Energy by 23.6% in the fourth quarter. HM Payson & Co. now owns 419 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 80 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DTE has been the topic of several recent analyst reports. Truist Financial dropped their price target on DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. BMO Capital Markets boosted their target price on shares of DTE Energy from $148.00 to $150.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Mizuho cut their target price on shares of DTE Energy from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.46.

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.