Valued at a market cap of $27.4 billion, DTE Energy Company (DTE) is a diversified energy company based in Detroit, Michigan. It generates, purchases, distributes, and sells electricity and natural gas to residential, commercial, and industrial customers. In addition to its regulated utility operations, DTE also runs unregulated businesses, including gas storage and pipeline services, power and industrial projects, and energy trading activities. It is expected to announce its fiscal Q2 earnings for 2025 on Thursday, Jul. 24.
Ahead of this event, analysts expect this energy company to report a profit of $1.70 per share, up 18.9% from $1.43 per share in the year-ago quarter. The company has a promising trajectory of consistently beating Wall Street’s bottom-line estimates in each of the last four quarters. In Q1, DTE’s EPS of $2.10 outpaced the forecasted figure by 6.1%.
For fiscal 2025, analysts expect DTE to report a profit of $7.21 per share, up 5.6% from $6.83 per share in fiscal 2024. Its EPS is expected to further grow 7.2% year-over-year to $7.73 in fiscal 2026.
Shares of DTE have soared 20.8% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 13.4% return and the Utilities Select Sector SPDR Fund’s (XLU) 19.6% uptick over the same time frame.
On May 1, DTE’s shares closed down marginally after its Q1 earnings release. On the upside, due to robust earnings growth in its gas and non-utility operations segments, the company’s overall adjusted EPS of $2.10 improved 25.7% from the year-ago quarter and surpassed the consensus estimates by 6.1%. However, its core electric segment’s operating earnings fell 24.2% year-over-year to $147 million, which might have dampened investor confidence. For fiscal 2025, DTE expects operating EPS in the range of $7.09 to $7.23.
Wall Street analysts are moderately optimistic about DTE’s stock, with a "Moderate Buy" rating overall. Among 19 analysts covering the stock, 11 recommend "Strong Buy," one indicates a "Moderate Buy," and seven suggest "Hold.” The mean price target for DTE is $144.93, which indicates a 9.8% potential upside from the current levels.
