Investing.com - DTE Energy (NYSE:DTE) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DTE Energy announced earnings per share of $2.31 on revenue of $3.75B. Analysts polled by Investing.com anticipated EPS of $2.06 on revenue of $3.59B.
DTE Energy shares are up 13.07% from the beginning of the year, still down 6.73% from its 52 week high of $145.43 set on May 10, 2021. They are outperforming the Nasdaq which is down 19.32% from the start of the year.
DTE Energy shares gained 0.95% in intra-day trade following the report.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on Thursday with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.8956 on revenue of $5.98B.
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