Scotiabank has downgraded DTE Energy Co (DTE) to a Sector Perform rating from Sector Outperform as of October 2, 2025. This change signals increased caution regarding the company's outlook amid potential competitive pressures and market conditions that may affect performance.
DTE Energy operates as a diversified energy company based in Detroit, Michigan, employing 9,500 full-time staff. Its segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. The Electric segment primarily involves DTE Electric, which focuses on generating, purchasing, distributing, and selling electricity in southeastern Michigan. The Gas segment, led by DTE Gas, handles the purchase, storage, transportation, and sale of natural gas across Michigan. DTE Vantage emphasizes renewable energy projects and custom energy solutions for various customers.
Currently, DTE's stock is priced at $136.29, with a market capitalization of $28.0 billion. The company reports a P/E ratio of 20.25 and a trailing twelve months EPS of 6.69. The dividend yield stands at 322.8%. Looking ahead, DTE is set to report its next earnings on July 27, 2026, with an EPS estimate of $1.48 and revenue expectations of $3.7 billion.
Analyst ratings, such as this recent downgrade, provide insights based on research and financial models but should be considered alongside other factors like company fundamentals and market trends. As analyst opinions can evolve with new information, investors may find it useful to monitor changes in ratings and consensus, which currently reflects a Buy rating among 23 analysts, including 5 Strong Buy and 7 Buy ratings.