DTE Energy Co. Reports Quarterly Earnings

DTE Energy Co. has released its quarterly earnings report, which shows a decline in earnings per share compared to the same period last year. The company’s revenue, however, increased by 12.5% year-over-year, exceeding analyst expectations.

Key Highlights

• Revenue: $2.35 billion (up 12.5% from $2.09 billion in the same period last year)
• Earnings per Share (EPS): $1.23 (down from $1.45 in the same period last year)
• Data Center Market: DTE Energy is in advanced talks to supply electricity to major tech companies, highlighting potential growth opportunities

Analyst Reaction

Analysts have raised their stock price target for DTE Energy Co. due to the company’s growth potential in the data center market. The current stock price target is $135.50, up from $125.00 previously.

Market Reaction

Despite missing earnings estimates, DTE Energy Co.’s stock price has shown some resilience, with investors remaining optimistic about the company’s future prospects. The company’s stock price has stabilized, with a current price of $124.50.