DTE Energy Company (DTE)

NYSE: DTE · IEX Real-Time Price · USD
118.19
0.00 (0.00%)
Jul 26, 2024, 4:00 PM EDT - Market closed
0.00%
Market Cap 24.46B
Revenue (ttm) 12.40B
Net Income (ttm) 1.39B
Shares Out 206.94M
EPS (ttm) 6.69
PE Ratio 17.67
Forward PE 16.77
Dividend $4.08 (3.45%)
Ex-Dividend Date Sep 16, 2024
Volume 1,091,665
Open 119.32
Previous Close 118.19
Day's Range 117.00 - 119.32
52-Week Range 90.14 - 120.54
Beta 0.67
Analysts Buy
Price Target 119.30 (+0.94%)
Earnings Date Jul 25, 2024

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]

Sector Utilities
Founded 1903
Employees 9,950
Stock Exchange NYSE
Ticker Symbol DTE
Full Company Profile

Financial Performance

In 2023, DTE'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 Statements

Analyst Forecast

According to 13 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is $119.3, which is an increase of 0.94% from the latest price.

Price Target
$119.3
(0.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

DTE Energy beats quarterly profit estimates on higher demand for power

U.S. electric and gas utility DTE Energy Co beat second-quarter profit estimates on Thursday as electricity demand rose during the summer months.

1 day ago - Reuters

DTE Energy reports second quarter 2024 accomplishments, earnings and investments in improving energy infrastructure

DETROIT, July 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $2 billion in the first half of 2024, on pace for a full year investment of over $4 billion, to make its electric and nat...

1 day ago - GlobeNewsWire

DTE Energy schedules second quarter 2024 earnings release, conference call

Detroit, July 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its second quarter 2024 earnings before the market opens Thursday, July 25, 2024.

15 days ago - GlobeNewsWire

Powin's Advanced Battery Technology to Be Integrated Into New DTE Energy Storage Center

PORTLAND, Ore.--(BUSINESS WIRE)--Global energy storage platform provider Powin LLC (Powin), today announced it will supply its advanced battery storage technology to support DTE Energy's new energy st...

17 days ago - Business Wire

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

5 weeks ago - GlobeNewsWire

DTE Energy to build power storage center at former coal plant site

DTE Energy said on Monday it would convert a portion of its shuttered coal power plant at Trenton Channel, Michigan, into a battery energy storage center.

6 weeks ago - Reuters

DTE Energy to build region's largest battery energy storage center at site of retired Trenton Channel coal plant

New project will help State of Michigan meet its MI Healthy Climate Plan goals, contributing toward state's storage target for clean, renewable power New project will help State of Michigan meet its M...

6 weeks ago - GlobeNewsWire

DTE Energy's ground-breaking energy efficiency academy grows talent pipeline program in Detroit and expands to Grand Rapids

Participants receive full compensation and placement into career network for electric, HVAC, insulation and home performance skilled trades. Participants receive full compensation and placement into c...

2 months ago - GlobeNewsWire

DTE Energy reports first quarter earnings and accomplishments

DETROIT, April 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported that it invested over $1 billion into improving its electric and natural gas infrastructure in the first quarter of 202...

3 months ago - GlobeNewsWire

DTE awards three Michigan small businesses $5,000 in energy efficiency upgrades

Annual makeover contest increased prize awards and received record-breaking number of entries Annual makeover contest increased prize awards and received record-breaking number of entries

3 months ago - GlobeNewsWire

DTE Energy schedules first quarter 2024 earnings release, conference call

Detroit, April 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its first quarter 2024 earnings before the market opens Thursday, Apr. 25, 2024.

3 months ago - GlobeNewsWire

US Environmental Protection Agency (EPA) honors DTE Energy with the 2024 ENERGY STAR® Partner of the Year Award for sustained excellence in Energy Efficiency

The award recognizes DTE for its continued outstanding leadership in tackling climate change and promotion of ENERGY STAR benefits The award recognizes DTE for its continued outstanding leadership in ...

4 months ago - GlobeNewsWire

DTE Energy partners with local suppliers to create 12,000 jobs, grow Michigan's economy

Company spends $2.7 billion with Michigan suppliers, $988 million with diverse suppliers Company spends $2.7 billion with Michigan suppliers, $988 million with diverse suppliers

4 months ago - GlobeNewsWire

DTE Energy Foundation invites community transformation-focused nonprofits to apply for $150K in grant support

Detroit, March 01, 2024 (GLOBE NEWSWIRE) -- The DTE Energy Foundation today invited Michigan nonprofits that serve local communities to submit Letters of Intent for a chance to be selected for a grant...

5 months ago - GlobeNewsWire

DTE Energy seeks developers for new renewable projects

DTE Energy said on Friday that the utility is seeking proposals for renewable energy projects totaling about 1,075 megawatts (MW) to advance its decarbonization efforts.

5 months ago - Reuters

DTE Energy quarterly profit jumps on non-utility segment boost

U.S. electric and gas utility firm DTE Energy Co posted a 58% rise in fourth-quarter profit on Thursday, helped largely by its energy trading business segment.

6 months ago - Reuters

DTE Energy reports 2023 earnings and accomplishments

DETROIT, Feb. 08, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today announced that it invested a record $3.8 billion into improving its electric and natural gas infrastructure in 2023. DTE Electri...

6 months ago - GlobeNewsWire

DTE Energy issues dividend

Company continues more than 100-year history of issuing cash dividend Company continues more than 100-year history of issuing cash dividend

6 months ago - GlobeNewsWire

DTE Energy schedules full year 2023 earnings release, conference call

Detroit, Jan. 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its full year 2023 earnings before the market opens Thursday, Feb. 8, 2024.

6 months ago - GlobeNewsWire

Analysts' Top S&P 500 Dividend Stocks to Buy Now

Analysts' top-rated dividend stocks in the S&P 500 yielding at least 3% include blue-chip stalwarts such as Coca-Cola, CVS Health and Chevron.

Other symbols: AMTARECVSCVXFANGHSTKO
6 months ago - Kiplinger

DTE Energy's MIGreenPower program recognized as top utility green tariff program in the U.S.

MIGreenPower is helping some of Michigan's largest organizations meet their sustainability goals while accelerating the development of new renewable energy projects MIGreenPower is helping some of Mic...

8 months ago - GlobeNewsWire

DTE Energy sees higher profit in 2024

Utility firm DTE Energy forecast higher operating profit for 2024 on Friday, as it expects strong revenue from its electric, gas, renewable energy and energy trading business segments next year.

8 months ago - Reuters

DTE Energy sets 2024 annual meeting date

Detroit, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DETROIT, Dec. 6, 2023 – The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2024 Annual Meeting of Common Stock Shareholders will be Thurs...

8 months ago - GlobeNewsWire

DTE Energy schedules business update conference call

Detroit, Dec. 04, 2023 (GLOBE NEWSWIRE) -- DETROIT, Dec. 4, 2023 – DTE Energy (NYSE:DTE) will conduct a conference call to provide a business update on Friday, Dec. 8 at 9:00 a.m. ET.

8 months ago - GlobeNewsWire

Michigan Public Service Commission ruling supports DTE investments in a more reliable electric grid and the transition to cleaner energy

Detroit, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Offset by a $300 million reduction in fuel and other costs, a DTE electric residential customer who uses 500 kilowatt hours, will see a bill increase of 9 ce...

8 months ago - GlobeNewsWire