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DTE Energy Company (DTE)

NYSE: DTE · IEX Real-Time Price · USD
114.00 -2.74 (-2.34%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap22.09B
Revenue (ttm)13.58B
Net Income (ttm)1.33B
Shares Out193.00M
EPS (ttm)6.85
PE Ratio16.65
Forward PE19.05
Dividend$4.27 (3.74%)
Ex-Dividend DateSep 17, 2021
Volume3,477,074
Open118.27
Previous Close116.74
Day's Range113.95 - 118.46
52-Week Range90.22 - 121.77
Beta0.63
AnalystsBuy
Price Target127.70 (+12.0%)
Est. Earnings DateOct 26, 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
Employees10,600
Stock ExchangeNYSE
Ticker SymbolDTE
Full Company Profile

Financial Performance

In 2020, DTE Energy's revenue was $12.18 billion, a decrease of -3.88% compared to the previous year's $12.67 billion. Earnings were $1.37 billion, an increase of 17.02%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for DTE Energy stock is "Buy." The 12-month stock price forecast is 127.70, which is an increase of 12.02% from the latest price.

Price Target
$127.70
(12.02% upside)
Analyst Consensus: Buy

News

Detroit Thermal builds on sustainability commitment with DTE Energy's MIGreenPower program

100% of Detroit Thermal's electricity use will be attributed to renewable energy by 2030 100% of Detroit Thermal's electricity use will be attributed to renewable energy by 2030

4 days ago - GlobeNewsWire

DTE announces an additional $70 million investment to combat extreme weather-related power outages

•Attacking source of major storm damage to improve power reliability for customers in communities hardest hit by recent severe storms•No impact on customer bills •Attacking source of major storm damage ...

2 weeks ago - GlobeNewsWire

DTE Energy (DTE) Up 2.6% Since Last Earnings Report: Can It Continue?

DTE Energy (DTE) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

PPL Signs a Pact for Rate Cut, To See Savings From December

PPL's unit PPL Electric Utilities inks a deal to lower customer bills, starting this December, if approved by the Federal Energy Regulatory Commission.

Other symbols:DUKPPLXEL
3 weeks ago - Zacks Investment Research

DTE Energy Foundation awards $80,000 in grants to Michigan-based nonprofits and offers DTE Energy volunteers to bolst...

DTE and its Foundation expands commitment to partners, communities and employees through Your Cause, Your Choice contest DTE and its Foundation expands commitment to partners, communities and employees ...

1 month ago - GlobeNewsWire

Stock Market Due for Big Sell-Off: Move to These 5 Safe Dividend Stocks Now

Since the lows in March of 2020, the stock market has doubled. Think about that for a moment.

Other symbols:CLKKOVZ
1 month ago - 24/7 Wall Street

ZF North America, Inc. enhances clean energy initiatives with enrollment in DTE Energy's MIGreenPower program

- 100% of ZF's electricity use in North America will be attributed to renewable energy by 2030 - Represents a major step toward ZF global carbon neutrality goals - 100% of ZF's electricity use in North ...

1 month ago - GlobeNewsWire

DTE Energy's (DTE) Q2 Earnings Beat Estimates, Increase Y/Y

DTE Energy's (DTE) Q2 operating net income totals $329 million compared with $277 million in the year-ago quarter.

1 month ago - Zacks Investment Research

DTE Energy reports strong second quarter 2021 results, raises guidance

DETROIT, July 27, 2021 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported second quarter 2021 earnings of $179 million, or $0.92 per diluted share, compared with $277 million, or $1.44 per diluted...

1 month ago - GlobeNewsWire

DTE Energy (DTE) to Report Q2 Earnings: What's in the Cards?

DTE Energy's (DTE) service areas experienced above-normal temperatures during the second quarter, which may have resulted in higher electricity demand for cooling, thereby boosting revenues.

1 month ago - Zacks Investment Research

Earnings Preview: DTE Energy (DTE) Q2 Earnings Expected to Decline

DTE Energy (DTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

PPL Rides on Capital Investment Plans & Focus on Clean Energy

PPL's focus on emission reduction along with systematic investments and ramped-up homegrown activities acts as tailwinds.

Other symbols:AVADUKPPL
2 months ago - Zacks Investment Research

DTE Energy schedules second quarter 2021 earnings release, conference call

Detroit, July 13, 2021 (GLOBE NEWSWIRE) -- DETROIT, Jul. 13, 2021 – DTE Energy (NYSE:DTE) will announce its second quarter 2021 earnings before the market opens Tuesday, Jul. 27, 2021.

2 months ago - GlobeNewsWire

Link Engineering Looks to a Sustainable Future with Enrollment in DTE Energy's MIGreenPower Program

Link Engineering Company has made a 20-year clean energy commitment, with 100% of the company's electricity use attributed to renewable energy by 2030 Link Engineering Company has made a 20-year clean e...

2 months ago - GlobeNewsWire

DTE Energy (DTE) Completes the Spin-Off of DT Midstream

Post spin-off, approximately 90% of DTE Energy's operating earnings and investments will be focused purely on utility operations compared with 70% earlier.

2 months ago - Zacks Investment Research

DTE Energy Completes Tax-Free Spin-Off Of DT Midstream

DTM opened at $38.65 and closed at $42.02, with intraday high of $42.50 and low of $38.60.

2 months ago - Forbes

Why DTE Energy Stock Fell Dramatically Today -- or Did It?

A sizable corporate action left it hard to see what was going on with the stock today.

2 months ago - The Motley Fool

DT Midstream Spin-Off from DTE Energy is Complete

DETROIT, July 01, 2021 (GLOBE NEWSWIRE) -- DT Midstream, Inc. [www.dtmidstream.com] (NYSE: DTM), a premier natural gas pipeline, storage and gathering provider, today debuted as an independent, publicly...

2 months ago - GlobeNewsWire

DTE Energy Completes Spin-Off of DT Midstream

Enhances DTE's Strategic Focus as Premier, Predominantly Pure-Play Regulated Michigan-Based Utility Enhances DTE's Strategic Focus as Premier, Predominantly Pure-Play Regulated Michigan-Based Utility

2 months ago - GlobeNewsWire

DTE Energy Company Announces Early Tender Results and Upsize of Cash Tender Offers and Consent Solicitations for Cert...

Detroit, June 29, 2021 (GLOBE NEWSWIRE) -- DETROIT, Michigan, June 29, 2021 – DTE Energy Company (NYSE:  DTE) (the “Company”, “DTE” or “DTE Energy”) today announced the early tender results of its previ...

2 months ago - GlobeNewsWire

DT Midstream Set to Join S&P MidCap 400

NEW YORK, June 28, 2021 /PRNewswire/ -- DT Midstream Inc. (NYSE: DTM) will replace PRA Health Sciences Inc. (NASD: PRAH) in the S&P MidCap 400 effective prior to the open on Friday, July 2. ICON plc (NA...

Other symbols:SPGI
2 months ago - PRNewsWire

DTE Energy Company Announces the Pricing Terms of its Cash Tender Offers for Certain Outstanding Debt Securities

Detroit, June 28, 2021 (GLOBE NEWSWIRE) -- DTE Energy Company (NYSE:  DTE) (the “Company”, “DTE” or “DTE Energy”) today announced the pricing terms of its previously announced tender offers (the “Any-an...

2 months ago - GlobeNewsWire

DTE Energy issues dividend

Company continues more than 100-year history of issuing cash dividend; combined dividend of DTE and DTM expected to be higher than pre-spin DTE dividend Company continues more than 100-year history of i...

2 months ago - GlobeNewsWire

DTE Energy Company Announces Extension of Certain Dates of Its Cash Tender Offers and Consent Solicitations for Certa...

Detroit, June 23, 2021 (GLOBE NEWSWIRE) -- DETROIT, Michigan, June 23, 2021 – DTE Energy Company (NYSE:  DTE) (the “Company”, “DTE” or “DTE Energy”) announced that it has extended the Early Tender Deadl...

2 months ago - GlobeNewsWire

Washtenaw Community College furthers sustainability goals with DTE Energy's MIGreenPower program

Institution is the first community college to enroll in the program Institution is the first community college to enroll in the program

2 months ago - GlobeNewsWire