Analyst Consensus ?
ConsensusHold44 ratings
Bullish2045.5%
Neutral2454.5%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
DTE Energy Company · DTE · FY2025 Q4 · Calendar Q1 2026
DTE Energy: Data-center demand supports an expanding capital plan
The supplied analysis supports a constructive but conditional view: data-center load growth, renewable investment, and tax credits provide potential support for DTE Energy's maintained EPS growth outlook, while regulatory timing, execution, funding, and policy risks remain material.
Reported Before market openNYSEUtilities
$25.47B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.65
Consensus $1.54
EPS surprise
+7.1%
Reported versus consensus
Reported revenue
$4.43B
Consensus $3.39B
Revenue surprise
+30.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.2%
Event window
SPY move
+0.2%
Same window
Abnormal move
-0.3%
Stock minus SPY
Volume
1.2×
Versus trailing sessions
Subsequent drift
+3.2%
Up to 20 sessions
DTESPY benchmark
Ask FN2 about DTE FY2025 Q4
Transcript, numbers and history already loaded
Why did DTE fall 0.2% after beating EPS estimates in FY2025 Q4?What changed in DTE's guidance and outlook in FY2025 Q4?Give me the bull and bear case for DTE after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis emphasizes 2025 operating EPS of $7.36 per share, 3–4 GW of data-center load in advanced talks, about 2,500 MW of renewable capacity online, and planned 2026 execution on storage and the Belle River conversion.
Guidance delta
Management maintained its 6%–8% operating EPS growth outlook for 2026 and beyond; the current analysis also notes a maintained guidance sentiment.
Key takeaways
- 2025 operating EPS of $7.36 per share exceeded guidance, according to the transcript analysis.
- A 1.4 GW data-center agreement is signed, with 3–4 GW of additional load in advanced talks.
- Renewables reached about 2,500 MW online, with a roughly 900 MW annual build-out target.
- Growth depends on execution, regulatory approvals, tax credits, and funding for elevated capital needs.
Management priorities
- Finalize additional 3–4 GW of data-center agreements
- Complete the 220 MW battery storage project and Belle River conversion in 2026
- Maintain renewable construction of about 900 MW annually over five years
- Fund capital projects while pursuing the 2026 Integrated Resource Plan
Follow DTE with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$122.39Previous close
$119Low
$145.88Average
$172High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Sep 29, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 28, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 4, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 16, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 4, 2026 |
| Citigroup | Buy | Buy | Maintain | Feb 18, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jan 20, 2026 |
| UBS | Buy | Buy | Maintain | Dec 17, 2025 |
| B of A Securities | Buy | Buy | Maintain | Nov 5, 2025 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Oct 31, 2025 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 2, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 21, 2025 |
| Keybanc | Overweight | Downgrade | Dec 4, 2024 | |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 16, 2024 |
| Seaport Global | Neutral | Buy | Downgrade | Jan 8, 2024 |
| Credit Suisse | Outperform | Neutral | Upgrade | May 23, 2022 |
| Edward Jones | Buy | Hold | Upgrade | Jan 13, 2022 |
| Vertical Research | Hold | Hold | Maintain | Feb 25, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Oct 21, 2019 |
| Scotia Howard Weil | Outperform | Sector Outperform | Maintain | Jul 24, 2018 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| Macquarie | Outperform | Outperform | Maintain | Sep 27, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Jan 27, 2016 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 13, 2015 |
| Brean Capital | Hold | Buy | Downgrade | Feb 23, 2015 |
| Buckingham Research | Neutral | Buy | Downgrade | Feb 20, 2015 |
| ISI Group | Hold | Buy | Downgrade | Oct 29, 2014 |
| Canaccord Genuity | Hold | Hold | Maintain | Sep 10, 2014 |
| Wunderlich | Hold | Buy | Downgrade | May 19, 2014 |
| Pivotal Research | Hold | Buy | Downgrade | May 19, 2014 |
| Nomura | Neutral | Reduce | Upgrade | May 19, 2014 |
| Atlantic Equities | Neutral | Neutral | Maintain | May 19, 2014 |
| Raymond James | Outperform | Outperform | Maintain | May 7, 2014 |
| Standpoint Research | Hold | Buy | Downgrade | Feb 19, 2014 |
| Northland Securities | Outperform | Outperform | Maintain | Dec 4, 2013 |
| FBR Capital | Perform | Market Perform | Maintain | Oct 25, 2013 |
| Moffett Nathanson | Buy | Neutral | Upgrade | Jun 27, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 8, 2013 |
| Wunderlich Securities | Hold | Hold | Maintain | Apr 29, 2013 |
| Standpoint | Buy | Buy | Maintain | Mar 4, 2013 |
| Pacific Crest | Perform | Sector Perform | Maintain | Oct 8, 2012 |
| Hudson Square | Buy | Hold | Upgrade | Sep 25, 2012 |
| Argus Research | Hold | Buy | Downgrade | Jul 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $122.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Analyst unavailable | $132 | $120.83 | +7.9% | Sep 29, 2026 |
| Mizuho Securities | Anthony Crowdell | $136 | $121.44 | +11.1% | Sep 28, 2026 |
| BMO Capital | James Thalacker | $143 | $136.65 | +16.8% | Aug 28, 2026 |
| Mizuho Securities | Analyst unavailable | $152 | $137.71 | +24.2% | Aug 27, 2026 |
| Morgan Stanley | David Arcaro | $148 | $137.86 | +20.9% | Aug 21, 2026 |
| Truist Financial | Richard Sunderland | $160 | $141.72 | +30.7% | Aug 4, 2026 |
| BMO Capital | Analyst unavailable | $150 | $146.13 | +22.6% | Jul 29, 2026 |
| Mizuho Securities | Analyst unavailable | $164 | $146.26 | +34.0% | Jul 29, 2026 |
| BMO Capital | Analyst unavailable | $152 | $151.41 | +24.2% | Jul 13, 2026 |
| Jefferies | Analyst unavailable | $172 | $151.39 | +40.5% | Jul 9, 2026 |
| Morgan Stanley | David Arcaro | $150 | $150.05 | +22.6% | Jun 24, 2026 |
| Wells Fargo | Analyst unavailable | $165 | $147.42 | +34.8% | Jun 15, 2026 |
| Morgan Stanley | Analyst unavailable | $146 | $143.4 | +19.3% | May 21, 2026 |
| Truist Financial | Analyst unavailable | $158 | $139.78 | +29.1% | May 18, 2026 |
| Barclays | Analyst unavailable | $154 | $148.79 | +25.8% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $165 | $152.8 | +34.8% | May 1, 2026 |
| Morgan Stanley | David Arcaro | $155 | $144.6 | +26.6% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $160 | $145.87 | +30.7% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $165 | $145.87 | +34.8% | Apr 20, 2026 |
| Jefferies | Analyst unavailable | $170 | $148.78 | +38.9% | Apr 8, 2026 |
| Barclays | Nicholas Campanella | $156 | $149.34 | +27.5% | Mar 17, 2026 |
| Morgan Stanley | David Arcaro | $153 | $144.8 | +25.0% | Feb 20, 2026 |
| BMO Capital | James Thalacker | $157 | $142.62 | +28.3% | Feb 19, 2026 |
| Mizuho Securities | Analyst unavailable | $155 | $144.69 | +26.6% | Feb 18, 2026 |
| Mizuho Securities | Analyst unavailable | $144 | $134.33 | +17.7% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $142 | $136.62 | +16.0% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $152 | $135.51 | +24.2% | Jan 20, 2026 |
| Barclays | Nicholas Campanella | $141 | $133.95 | +15.2% | Jan 15, 2026 |
| BMO Capital | Analyst unavailable | $148 | $128.52 | +20.9% | Dec 24, 2025 |
| UBS | William Appicelli | $151 | $128.66 | +23.4% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $138 | $129.04 | +12.8% | Dec 16, 2025 |
| Jefferies | Julian Dumoulin-Smith | $150 | $131.44 | +22.6% | Dec 11, 2025 |
| Morgan Stanley | Analyst unavailable | $144 | $135.84 | +17.7% | Nov 20, 2025 |
| Jefferies | Julian Dumoulin-Smith | $149 | $135.54 | +21.7% | Nov 3, 2025 |
| Scotiabank | Andrew Weisel | $146 | $138.06 | +19.3% | Oct 31, 2025 |
| Wells Fargo | Analyst unavailable | $157 | $141.63 | +28.3% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $145 | $141.94 | +18.5% | Oct 22, 2025 |
| Barclays | Analyst unavailable | $148 | $140.07 | +20.9% | Oct 14, 2025 |
| UBS | Analyst unavailable | $158 | $140.79 | +29.1% | Oct 10, 2025 |
| Scotiabank | Analyst unavailable | $147 | $139.28 | +20.1% | Oct 3, 2025 |
| BMO Capital | Analyst unavailable | $144 | $138.42 | +17.7% | Aug 25, 2025 |
| Morgan Stanley | David Arcaro | $140 | $140.2 | +14.4% | Aug 21, 2025 |
| UBS | William Appicelli | $143 | $123.6 | +16.8% | Dec 3, 2024 |
| Citigroup | Ryan Levine | $142 | $126.63 | +16.0% | Oct 28, 2024 |
| KeyBanc | Sophie Karp | $138 | $127.61 | +12.8% | Oct 22, 2024 |
| Jefferies | Julian Dumoulin-Smith | $137 | $128.9 | +11.9% | Oct 21, 2024 |
| BMO Capital | James Thalacker | $140 | $128.44 | +14.4% | Oct 18, 2024 |
| Morgan Stanley | David Arcaro | $128 | $125.2 | +4.6% | Sep 25, 2024 |
| Mizuho Securities | Anthony Crowdell | $133 | $125.55 | +8.7% | Sep 10, 2024 |
| BMO Capital | James Thalacker | $135 | $123.66 | +10.3% | Sep 6, 2024 |
| KeyBanc | Sophie Karp | $125 | $116.28 | +2.1% | May 20, 2024 |
| Barclays | Nicholas Campanella | $119 | $110.83 | -2.8% | Apr 30, 2024 |
| BMO Capital | James Thalacker | $113 | $103.2 | -7.7% | Apr 17, 2024 |
| Morgan Stanley | Analyst unavailable | $130 | $119.5 | +6.2% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $139 | $126.75 | +13.6% | Sep 22, 2022 |
| Morgan Stanley | Analyst unavailable | $141 | $134.36 | +15.2% | Aug 23, 2022 |
| Morgan Stanley | Analyst unavailable | $131 | $120.88 | +7.0% | Jul 21, 2022 |
| Barclays | Analyst unavailable | $131 | $125.18 | +7.0% | Jul 18, 2022 |
| Mizuho Securities | Analyst unavailable | $130 | $124.85 | +6.2% | Jul 11, 2022 |
| Morgan Stanley | Analyst unavailable | $137 | $130.5 | +11.9% | May 23, 2022 |
| Citigroup | Analyst unavailable | $146 | $129.13 | +19.3% | May 3, 2022 |
| Wells Fargo | Analyst unavailable | $147 | $135.52 | +20.1% | Apr 29, 2022 |
| Credit Suisse | Nicholas Campanella | $142 | $135.52 | +16.0% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $143 | $139.5 | +16.8% | Apr 20, 2022 |
| Bank of America Securities | Julien Dumoulin-Smith | $127 | $116.31 | +3.8% | Feb 15, 2022 |
| Evercore ISI | Durgesh Chopra | $128 | $115.36 | +4.6% | Feb 11, 2022 |
| Wolfe Research | Steve Fleishman | $119 | $115.36 | -2.8% | Feb 11, 2022 |
| Wells Fargo | Neil Kalton | $130 | $115.36 | +6.2% | Feb 11, 2022 |
| Mizuho Securities | Anthony Crowdell | $134 | $119.32 | +9.5% | Jan 10, 2022 |
| Scotiabank | Andrew Weisel | $143 | $109.92 | +16.8% | Jul 6, 2021 |
| Guggenheim | Shahriar Pourreza | $147 | $114.82 | +20.1% | Jun 9, 2021 |
Track every rating change on DTE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDTE Energy Company, established in 1903 and based in Detroit, Michigan, is primarily engaged in utility services. Its Electric division is responsible for generating, acquiring, delivering, and selling electricity to approximately 2.3 million customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan.…
Historical context
All DTE earningsLatest beats and misses
Who reports nextBeat on EPS
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
Get the DTE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T08:36:06.012160+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T08:36:06.009351+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-30. For educational purposes only; not investment advice.