DTE Energy Company (DTE)
| Market Cap | 25.61B |
| Revenue (ttm) | 12.42B |
| Net Income (ttm) | 1.53B |
| Shares Out | 207.10M |
| EPS (ttm) | 7.38 |
| PE Ratio | 16.76 |
| Forward PE | 17.93 |
| Dividend | $4.36 (3.53%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 542,212 |
| Open | 122.75 |
| Previous Close | 122.99 |
| Day's Range | 122.65 - 124.09 |
| 52-Week Range | 102.17 - 131.67 |
| Beta | 0.68 |
| Analysts | Buy |
| Price Target | 131.38 (+6.24%) |
| Earnings Date | Feb 6, 2025 |
About DTE
DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company’s Gas segment purchases, stores, transports, distributes, and sells natural gas to various res... [Read more]
Financial Performance
In 2023, DTE Energy Company's revenue was $12.75 billion, a decrease of -33.72% compared to the previous year's $19.23 billion. Earnings were $1.39 billion, an increase of 29.07%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is $131.38, which is an increase of 6.24% from the latest price.
News
DTE Energy spends $3.3 billion with Michigan suppliers in 2024
Company has invested $24 billion with local suppliers since 2010, creating and sustaining 92,000 Michigan jobs Company has invested $24 billion with local suppliers since 2010, creating and sustaining...
DTE Energy: Strong Growth Prospects Support High Total Returns
DTE Energy offers strong total return potential despite its "boring" utility sector, driven by significant earnings growth and a reliable dividend yield. The company has transformed into a nearly pure...
DTE Energy: Buy Now After The Recent Dividend Hike
Earlier this month, DTE Energy upped its payout for the 15th consecutive year. The company surpassed analysts' expectations for operating revenue and operating EPS in the third quarter. DTE Energy's i...
DTE Energy brings comfort and home to Detroit families with $63 million in Energy Efficiency Assistance programs
Initiative provides essential free home upgrades for income-qualified customers Initiative provides essential free home upgrades for income-qualified customers
DTE Energy sets 2025 annual meeting date
Detroit, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2025 Annual Meeting of Common Stock Shareholders will be Thursday, May 8.
DTE Energy Board of Directors declares quarterly dividend
Company continues more than 100-year history of issuing cash dividend Company continues more than 100-year history of issuing cash dividend
DTE Energy Foundation announces winners of first ever $300,000 Community Transformation Grant Program
Twelve nonprofits across Michigan will receive a portion of the gran to help transform their communities Twelve nonprofits across Michigan will receive a portion of the gran to help transform their co...
DTE Energy announces an additional $100 million investment to rebuild the electric grid; part of DTE's commitment to reduce outage frequency by 30% and cut restoration time in half by 2029
•New investments to improve electric reliability include the construction of three electric substations and new, updated equipment to deliver power from these substations to customers' homes and busin...
Michigan winter temperatures expected to drive up energy use
DTE Energy is connecting its customers to resources and information to help them manage use and keep bills affordable DTE Energy is connecting its customers to resources and information to help them m...
DTE Energy begins operating its largest solar park, Sauk Solar
Sauk Solar will generate 150 megawatts of clean energy, enough to power approximately 40,000 homes Sauk Solar is the first of six new solar parks to come online that are all funded through DTE's Clean...
DTE Energy Company (DTE) Q3 2024 Earnings Call Transcript
DTE Energy Company (NYSE:DTE) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Matt Krupinski - Director, IR Gerardo Norcia - Chairman and CEO Joi Harris - President ...
DTE Energy reports third quarter 2024 accomplishments, earnings and investments in improving energy infrastructure
DETROIT, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $3 billion so far this year and is on track to invest over $4 billion in 2024 to continue building the electric grid of t...
Evercore is bullish on utilities, upgrades from line to outperform
The surge in artificial intelligence has sparked a growing appetite for energy and power, creating a bullish environment for utilities (XLU). This trend has propelled the sector to outshine the broade...
Be alert for DTE Energy impersonators
DTE encourages customers to know the red flags of impersonators and alert the police to suspicious activity DTE encourages customers to know the red flags of impersonators and alert the police to susp...
DTE Energy schedules third quarter 2024 earnings release, conference call
Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024.
DTE Energy Releases Annual CleanVision Sustainability Report; highlights progress providing customers cleaner, more reliability and affordable energy
Detroit, Oct. 04, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released its 2023 CleanVision Sustainability Report, the company's annual publication detailing progress towards its ongoing work...
AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks
Utility companies—those that provide electricity, water, natural gas, and other essential services for residential and commercial customers—have had a banner year. The benchmark Utilities Select Secto...
DTE Energy breaks ground on three new solar parks, all funded by company's MIGreenPower program
Detroit, Sept. 26, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of and investor in renewable energy, today announced that it has broken ground on three new solar parks i...
DTE Energy: This Great Utility Remains Buyable Now
High-quality utilities can offer safe and consistently growing income to shareholders. DTE Energy's operating revenue and operating EPS surged higher in Q2. The utility enjoys investment-grade credit ...
DTE Energy statement in response to third-party audit of electric distribution system
Detroit, Sept. 23, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released the following statement from Matt Paul, president and chief operating officer, DTE Electric, in response to the third-p...
DENSO Advances Sustainability Efforts at Southeast Michigan locations through DTE Energy's MIGreenPower Program
Belleville Logistics Center and a facility at the company's regional headquarters to attribute 100% of electricity use to renewable DTE sources for 10 years, beginning in 2028 SOUTHFIELD, Mich. , Sept...
DTE Energy installs nearly 1,000 free air conditioner units to those in need across metro Detroit as summer temperatures soar
The company's Energy Efficiency Assistance (EEA) program reaches local income-qualified customers, delivers free AC and home repair The company's Energy Efficiency Assistance (EEA) program reaches loc...
Wait for the DTE Energy Correction Before Jumping In
Shares of electric and gas utility provider DTE Energy Co. (DTE, Financial) have shown upward momentum over the past year. The stock has climbed by double digits year to date due to rising recessionar...
DTE Energy's smart grid technology prevented nearly 5,000 customer power interruptions and 1.8 million outage minutes for customers so far in 2024
Detroit, Aug. 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced a significant milestone in its commitment to improving energy reliability for its customers. Through the implementation...