DTE Energy Company (DTE)
| Market Cap | 22.09B |
| Revenue (ttm) | 13.58B |
| Net Income (ttm) | 1.33B |
| Shares Out | 193.00M |
| EPS (ttm) | 6.85 |
| PE Ratio | 16.65 |
| Forward PE | 19.05 |
| Dividend | $4.27 (3.74%) |
| Ex-Dividend Date | Sep 17, 2021 |
| Volume | 3,477,074 |
| Open | 118.27 |
| Previous Close | 116.74 |
| Day's Range | 113.95 - 118.46 |
| 52-Week Range | 90.22 - 121.77 |
| Beta | 0.63 |
| Analysts | Buy |
| Price Target | 127.70 (+12.0%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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
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 ...
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?
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.
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 ...
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.
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 ...
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.
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...
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.
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.
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.
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.
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...
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.
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.
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.
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...
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
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...
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...
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...
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...
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...
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