- Regulated Electric
- Utilities
-
6.70
EPS
-
18.12
P/E
-
25.1B
MARKET CAP
-
3.31%
DIV YIELD
Company Overview
ONE ENERGY PLAZA,DETROIT MI 48226,3132354000
CEO
Mr. Gerardo Norcia
Employess
9510
Sector
Utilities
Industry
Regulated Electric
Website
https://newlook.dteenergy.com
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 other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 20,000 miles of distribution mains; 1,304,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The company's Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.
Next Earnings Date
Nov. 6, 2024
Ex Dividends date
Oct. 15, 2024
Dividend Date
Sept. 16, 2024
YTD Performance
8.54%
Fiscal Year End
12-31
IPO Date
1970-01-02
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 2.81% | -2.16% | 1.53% | -33.72% |
EPS | 6.04% | 1.78% | -1.58% | 21.80% |
Equity | 3.39% | 1.54% | -3.83% | 6.28% |
Cash | -6.70% | -18.20% | -63.02% | -21.21% |
Return On Capital (ROIC) | 5.85% | 5.86% | 6.21% | 6.25% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 3,440 | 2,300 | 3,650 | 540 | 1,550 |
Long Term Debt | 17,500 | 16,900 | 14,600 | 19,100 | 16,100 |
LT Finance Leases | 138 | 92 | 107 | 168 | 171 |
Shares Outstanding | 206 | 195 | 193 | 193 | 185 |
Market Cap | 22,700 | 22,900 | 23,100 | 19,900 | 20,400 |
Price
News
Why DTE Energy (DTE) is a Top Value Stock for the Long-Term
1 monthThe Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
zacks.comDTE Energy (DTE) Reports Q2 Earnings: What Key Metrics Have to Say
2 monthsWhile the top- and bottom-line numbers for DTE Energy (DTE) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.comDTE Energy's (DTE) Q2 Earnings Beat Estimates, Rise Y/Y
2 monthsDTE Energy (DTE) reports Q2 operating net income of $296 million compared with $206 million in the year-ago period.
zacks.comDTE Energy reports second quarter 2024 accomplishments, earnings and investments in improving energy infrastructure
2 monthsDETROIT, 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 natural gas infrastructure more resilient to extreme weather and to generate cleaner energy for the communities it serves. DTE is progressing on building a smarter and stronger electric grid, upgrading natural gas infrastructure to be even safer and more reliable, and transforming the way the company generates power to deliver cleaner energy to its customers.
globenewswire.comWhat's in Store for These 4 Utilities This Earnings Season?
2 monthsLet's focus on utilities like CMS Energy (CMS), Edison International (EIX), DTE Energy (DTE) and PG&E Corporation (PCG) which are scheduled to release second-quarter earnings on Jul 25.
zacks.comDTE Energy (DTE) Earnings Expected to Grow: Should You Buy?
2 monthsDTE 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.
zacks.comDTE Energy: Buy This Dividend Grower On Sale Now
2 monthsDTE Energy has been operating for 175 years, which is a testament to its consistency as a business. The company has a very sustainable path to deliver 6% to 8% annual operating EPS growth in the years to come. DTE's balance sheet is reasonably well-capitalized.
seekingalpha.comDTE Energy schedules second quarter 2024 earnings release, conference call
2 monthsDetroit, July 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its second quarter 2024 earnings before the market opens Thursday, July 25, 2024.
globenewswire.comDTE Energy (DTE) Rides on Investments and Renewable Expansion
2 monthsDTE Energy (DTE) is projected to gain from its systematic investment plan and decrease carbon emissions from its portfolio.
zacks.comDTE Energy Board of Directors declares quarterly dividend
3 monthsCompany continues more than 100-year history of issuing cash dividend Company continues more than 100-year history of issuing cash dividend
globenewswire.comDTE Energy (DTE) to Build 220MW Michigan Energy Storage Center
3 monthsDTE Energy (DTE) to build a battery energy storage center in the Great Lakes region, which will benefit its consumers by decreasing the grid's load.
zacks.comDTE Energy to build power storage center at former coal plant site
3 monthsDTE 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.
reuters.com