Investing.com - DTE Energy reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
DTE Energy announced earnings per share of $2.44 on revenue of $3.24B. Analysts polled by Investing.com anticipated EPS of $2.17 on revenue of $3.28B.
DTE Energy shares are up 14% from the beginning of the year and are trading at $139.05 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
DTE Energy shares gained 1.11% in intra-day trade the report.
DTE Energy follows other major Utilities sector earnings this month
DTE Energy's report follows an earnings beat by NextEra Energy on Wednesday, April 21, 2021, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
American Electric Power had missed expectations on Thursday with first quarter EPS of $1.15 on revenue of $4.3B, compared to forecast for EPS of $1.17 on revenue of $4.26B.
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