DTE Energy confirms 2026 operating EPS guidance of $7.59 to $7.73
Company plans to refrain from filing another electric rate request until at least 2028
Company says it will continue investing in reliability and clean energy in 2026
Overview
U.S. utility's Q2 operating earnings fell yr/yr to $274 mln, with EPS at $1.32
Reported Q2 net income rose to $282 mln, or $1.35 per diluted share
Company reaffirmed 2026 operating EPS guidance of $7.59 to $7.73
Result drivers
Infrastructure investment - Co said it invested over $900 mln in H1 2026 to improve electric reliability and support affordability, including grid modernization and smart grid technology
Clean energy initiatives - Co advanced clean energy through a battery storage investment and expanded renewable energy partnership with the University of Michigan
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for DTE Energy Co is $165.00, about 12.1% above its July 27 closing price of $147.23
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago
DTE•
