DTE Energy Company (DTE)

NYSE: DTE · Delayed Price · USD
118.46
0.10 (0.08%)
At close: Jan 21, 2022 4:04 PM
118.50
0.04 (0.03%)
After-hours:Jan 21, 2022 4:46 PM EST
Market Cap22.95B
Revenue (ttm)14.01B
Net Income (ttm)876.00M
Shares Out193.73M
EPS (ttm)4.52
PE Ratio26.24
Forward PE19.53
Dividend$4.38 (3.70%)
Ex-Dividend DateDec 17, 2021
Volume578,709
Open118.95
Previous Close118.36
Day's Range118.28 - 120.09
52-Week Range98.45 - 123.77
Beta0.69
AnalystsBuy
Price Target129.00 (+8.9%)
Earnings DateOct 27, 2021

About DTE

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution substations and 445,800 line transformers. The company's Gas segment purchases, stores, transports, d...

IndustryMulti-Utilities
Founded1903
Employees10,200
Stock ExchangeNYSE
Ticker SymbolDTE
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is 129.00, which is an increase of 8.90% from the latest price.

Price Target
$129.00
(8.90% upside)
Analyst Consensus: Buy

News

Loyola High School of Detroit becomes the first high school to enroll in DTE Energy's MIGreenPower program

Program enrollment attributes a portion of the school's electricity use to renewable energy Program enrollment attributes a portion of the school's electricity use to renewable energy

1 day ago - GlobeNewsWire

DTE Energy proposes investment to improve reliability, modernize grid for the future and continue clean energy journey

•Commits investments to update energy grid and electric generation system for 21st century demands •Launches 10-month review process with Michigan Public Service Commission and other stakeholders for fi...

2 days ago - GlobeNewsWire

DTE Energy's (DTE) MIGreenPower Adds New Customer in Detroit

Being part of DTE Energy's (DTE) MIGreenPower, the Detroit-Windsor Tunnel aims at attributing 10% of its electricity use to renewable energy.

1 week ago - Zacks Investment Research

DTE Energy helps vulnerable customers, as frigid weather sets in, with $5 million donation to Michigan outreach agencies

United Way of Southeastern Michigan, the Salvation Army, True North and The Heat and Warmth Fund to receive customer assistance funds United Way of Southeastern Michigan, the Salvation Army, True North ...

1 week ago - GlobeNewsWire

Detroit-Windsor Tunnel reduces carbon footprint through enrollment in DTE Energy's MIGreenPower program

The Detroit-Windsor Tunnel will be attributing 10% of its electricity use to renewable energy with a goal of achieving 100% by 2030 The Detroit-Windsor Tunnel will be attributing 10% of its electricity ...

1 week ago - GlobeNewsWire

DTE Energy Foundation awards more than $1 million in ‘Holiday Help' grants to support families, children and underser...

Ten organizations will use funding to bolster people-first programming from meals to emergency home repairs Ten organizations will use funding to bolster people-first programming from meals to emergency...

1 month ago - GlobeNewsWire

7 Meme Stocks to Buy on Their Market Slump and Rebound

These seven meme stocks suffered downturns recently, but they have the appropriate catalysts to move upward in the near term. The post 7 Meme Stocks to Buy on Their Market Slump and Rebound appeared fir...

Other symbols:CATCPAROKUXJAZZLMT
1 month ago - InvestorPlace

DTE Energy (DTE) Gets MPSC Nod to Enhance Gas Infrastructure

DTE Energy (DTE) wins approval from the commission to enhance its natural gas infrastructure and help meet its clean energy target.

1 month ago - Zacks Investment Research

DTE Energy receives approval from Michigan Public Service Commission to further modernize natural gas infrastructure

•MPSC decision increases average bill a little over $3 per month for residential customers •Increase is offset by DTE's buying strategy, which will save customers an average of nearly $20 per month over...

1 month ago - GlobeNewsWire

DTE Energy sets 2022 annual meeting date

Detroit, Dec. 08, 2021 (GLOBE NEWSWIRE) -- DETROIT, Dec. 8, 2022 – The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2022 Annual Meeting of Common Stock Shareholders will be Thursda...

1 month ago - GlobeNewsWire

DTE Energy adds 535 megawatts of new wind and solar in 2021, increasing clean energy generation capacity by 40%

Detroit, Dec. 07, 2021 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced it will complete a 40% increase in its renewable energy capacity this year. The 535-megawatt increase includes three wind...

1 month ago - GlobeNewsWire

DTE Energy Foundation awards $1.25 million to create vibrant and diverse arts and culture initiatives

Seven organizations will use funding to create opportunities for Michiganders to experience the voices of communities statewide Seven organizations will use funding to create opportunities for Michigand...

1 month ago - GlobeNewsWire

DTE Energy answers White House call for more energy assistance for vulnerable customers

DTE and other leading energy companies across U.S. pledge to accelerate delivery of financial aid DTE and other leading energy companies across U.S. pledge to accelerate delivery of financial aid

2 months ago - GlobeNewsWire

DTE Energy Company announces redemption of 2016 Series F 6.00% junior subordinated debentures

Detroit, Nov. 15, 2021 (GLOBE NEWSWIRE) -- DETROIT, Nov. 15, 2021 – DTE Energy (NYSE: DTE) announced today, Nov. 15, 2021, that it has priced its offering of $280 million aggregate principal amount 2021...

2 months ago - GlobeNewsWire

DTE Energy Company announces junior subordinated debentures offering

Detroit, Nov. 15, 2021 (GLOBE NEWSWIRE) -- DETROIT, Nov. 15, 2021 — DTE Energy Company (NYSE: DTE) announced today its intention to offer for sale, subject to market and other conditions, a new series o...

2 months ago - GlobeNewsWire

DTE Energy details $7 billion investment in a smarter and more reliable grid for Michiganders

•Modernize and automate century-old infrastructure in parts of Southeast Michigan•Accelerate pole-top maintenance, tree trimming and buried-line pilots•Combat severe weather storm outages•Expand capacit...

2 months ago - GlobeNewsWire

DTE Energy names Joi Harris as president of DTE Gas

30-year veteran continues Gas Company focus on safety, reliability and affordability for 1.3 million customers 30-year veteran continues Gas Company focus on safety, reliability and affordability for 1....

2 months ago - GlobeNewsWire

DTE Energy announces executive leadership changes

DETROIT, Oct. 28, 2021 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) announced several executive appointments, aimed at developing key leaders and accelerating DTE's aspiration to become the best-operated ...

2 months ago - GlobeNewsWire

DTE Energy (DTE) Q3 Earnings Fall Short of Mark, Decline Y/Y

DTE Energy's (DTE) Q3 operating net income and earnings per share fall year over year.

2 months ago - Zacks Investment Research

DTE Energy reports strong third quarter 2021 results, raises 2021 guidance midpoint, provides 2022 early outlook, and...

DETROIT, Oct. 27, 2021 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported third quarter 2021 earnings of $25 million, or $0.13 per diluted share, compared with $476 million, or $2.46 per diluted s...

2 months ago - GlobeNewsWire

DTE Energy (DTE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

DTE Energy (DTE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

DTE Energy (DTE) to Meet Emission Goal Earlier, Cut Coal Use

DTE Energy (DTE) continues with its carbon emission reduction plans. The company is set to achieve the target for emission reduction from 2005 levels by 2030, at least two years earlier than the deadline.

3 months ago - Zacks Investment Research

DTE Energy's (DTE) EV Program Offers New Advisory Services

DTE Energy's (DTE) Charging Forward program is now providing advisory services to Michigan-based businesses that will boost the eFleet adoption for its commercial, industrial and business customers.

3 months ago - Zacks Investment Research

DTE Energy announces it will cease the use of coal at Belle River Power Plant by December 2028 – two years earlier th...

•The energy company is now slated to achieve its 50% carbon emissions reduction target by 2028 •The company will accelerate the filing of its updated Clean Vision Plan (Integrated Resource Plan) to the ...

3 months ago - GlobeNewsWire

DTE Energy to help businesses electrify their fleets

New Charging Forward eFleets program adds advisory services to rebate offerings New Charging Forward eFleets program adds advisory services to rebate offerings

3 months ago - GlobeNewsWire