DTE Energy Company (DTE)
| Market Cap | 22.74B |
| Revenue (ttm) | 13.83B |
| Net Income (ttm) | 1.24B |
| Shares Out | 206.26M |
| EPS (ttm) | 6.05 |
| PE Ratio | 18.22 |
| Forward PE | 15.65 |
| Dividend | $4.08 (3.70%) |
| Ex-Dividend Date | Dec 15, 2023 |
| Volume | 465,402 |
| Open | 109.96 |
| Previous Close | 110.41 |
| Day's Range | 109.69 - 110.55 |
| 52-Week Range | 90.14 - 121.32 |
| Beta | 0.66 |
| Analysts | Buy |
| Price Target | 116.20 (+5.39%) |
| Earnings Date | Feb 22, 2024 |
About DTE
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 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 solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transport... [Read more]
Financial Performance
In 2022, DTE's revenue was $19.23 billion, an increase of 28.50% compared to the previous year's $14.96 billion. Earnings were $1.08 billion, an increase of 19.40%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for DTE stock is "Buy." The 12-month stock price forecast is $116.2, which is an increase of 5.39% from the latest price.
News
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 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 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 ...
DTE Energy reports second quarter earnings
DETROIT, July 27, 2023 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported second quarter earnings of $201 million or $0.97 per diluted share, compared with $37 million, or $0.19 per diluted shar...
Keybanc: The northeast heatwave translates into more demand, not stronger earnings
Sophie Karp, Equity Research Analyst at Keybac Capital Markets, discusses how the upcoming U.S. heatwave may impact utility stocks.
DTE Energy's profit beats estimates on higher gas demand, lower costs
Utility firm DTE Energy beat market estimates for second-quarter profit on Thursday, as easing operating and maintenance costs and higher gas demand outweighed the drag from the electric unit.
Michigan Public Service Commission approves DTE's landmark clean energy plan
Plan expedites end of coal while building enough Michigan-made renewables to power ~4 million homes Plan expedites end of coal while building enough Michigan-made renewables to power ~4 million homes
DTE Energy schedules second quarter 2023 earnings release, conference call
Detroit, July 14, 2023 (GLOBE NEWSWIRE) -- DETROIT, Jul. 14, 2023 – DTE Energy (NYSE:DTE) will announce its second quarter 2023 earnings before the market opens Thursday, Jul. 27, 2023.
DTE Energy and Michigan stakeholders reach historic clean energy settlement agreement
Transformational plan projects $2.5 billion in reduced future costs to customers1 while building enough Michigan-made renewables to power ~4 million homes Transformational plan projects $2.5 billion i...
DTE Energy names Joi Harris president and chief operations officer
Detroit, June 29, 2023 (GLOBE NEWSWIRE) -- DETROIT, June 29, 2023 -- DTE Energy (NYSE: DTE) today announced, effective July 3, Joi Harris, DTE Gas president, will be president and COO of DTE. In her n...
DTE Energy names Deborah Byers to board of directors
Detroit, June 22, 2023 (GLOBE NEWSWIRE) -- DETROIT, June 22, 2023 — DTE Energy (NYSE: DTE) has named Deborah Byers, a retired partner from Ernst & Young LLP to its board of directors effective immedia...
Mizuho: Utilities have underperformed this year, but earnings look promising
Anthony Crowdell, Mizuho Research Analyst, discusses the utilities sector following the Fed's latest rate decision.
Too much debt coming due and not much cash on hand: These 10 companies face a rough year ahead
Jefferies & Co. offered a list of the top 10 companies with low cash and high near-term debt maturities this week that it's advising investors to avoid.