DTE Energy Company (DTE)
| Market Cap | 22.71B |
| Revenue (ttm) | 12.75B |
| Net Income (ttm) | 1.40B |
| Shares Out | 206.26M |
| EPS (ttm) | 6.76 |
| PE Ratio | 16.29 |
| Forward PE | 16.65 |
| Dividend | $4.08 (3.71%) |
| Ex-Dividend Date | Mar 15, 2024 |
| Volume | 724,629 |
| Open | 109.74 |
| Previous Close | 110.12 |
| Day's Range | 109.53 - 111.15 |
| 52-Week Range | 90.14 - 116.73 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 116.11 (+5.44%) |
| Earnings Date | Apr 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]
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 $1.40 billion, an increase of 28.99%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is $116.11, which is an increase of 5.44% from the latest price.
News
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
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.
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 ...
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
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...
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.
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.
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...
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
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.
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...
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.
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...
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.
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...
DTE Energy reduces customers' bills by passing on $300 million savings in fuel and transportation costs
Customers will see this reduction on electric bills beginning December 1 Customers will see this reduction on electric bills beginning December 1
DTE Energy reports third quarter earnings and accomplishments
DETROIT, Nov. 01, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported third quarter earnings of $332 million, or $1.61 per diluted share, compared with $387 million, or $1.99 per diluted sha...
DTE Energy cuts full-year profit forecast, misses quarterly estimates
DTE Energy on Wednesday cut its annual profit forecast after missing estimates for third-quarter results, as the utility company saw lower electricity demand around the end of the peak summer season.
DTE Energy names Nicholas Akins to board of directors
Detroit, Oct. 26, 2023 (GLOBE NEWSWIRE) -- DETROIT, Oct. 26, 2023 — DTE Energy (NYSE: DTE) has named Nicholas K. Akins, retired Executive Chair of American Electric Power (AEP), to its board of direct...
DTE Energy schedules third quarter 2023 earnings release, conference call
DETROIT, Oct. 25, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its third quarter 2023 earnings before the market opens Wednesday, Nov. 1, 2023.
Dislocation in utilities has created an attractive buying opportunity, says KeyBanc's Sophie Karp
Sophie Karp, utilities and alternative energy analyst at KeyBanc, joins 'The Exchange' to discuss how rising rates hurt the utilities sector dividend yield, dislocation in utilities prices creating op...
Why Safe Haven Utilities Stocks Are Having Their Worst Year Since 2008
Electric utility stocks used to be an income investor's best friend, but dividend growth cuts and rising Treasury yields have turned these rocksteady investments into market pariahs.
‘Close your eyes and buy' these utilities stocks, analyst says
The crisis-like selloff in the utilities sector, resulting from the spike in interest rates, has created historically attractive buying opportunities for a number of stocks, KeyBanc Capital's Sophie K...
DTE Energy announces its plan to improve electric reliability by over 60% in the next five years
Detailed roadmap for dramatically increasing reliability through a $9 billion investment will be submitted today to the Michigan Public Service Commission Detailed roadmap for dramatically increasing ...