Investing.com - DTE Energy (NYSE:DTE) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DTE Energy announced earnings per share of $1.39 on revenue of $3.2B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $3.19B.
DTE Energy shares are down 1% from the beginning of the year, still down 11.55% from its 52 week high of $135.67 set on February 21, 2020. They are under-performing the S&P 500 which is up 4.2% from the start of the year.
DTE Energy shares gained 0.83% in pre-market 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 January 26, who reported EPS of $0.4 on revenue of $4.4B, compared to forecasts EPS of $0.3818 on revenue of $5.56B.
Enbridge had missed expectations on February 12 with fourth quarter EPS of $0.4407 on revenue of $7.41B, compared to forecast for EPS of $0.4644 on revenue of $8.9B.
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