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, 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; 1,308,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its Gas Storage and Pipelines segment owns natural gas storage fields, lateral and gathering pipeline systems, and compression and surface facilities, as well as has ownership interests in interstate pipelines serving the Gulf Coast, Midwest, Ontario, and northeast markets. 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. It also owns and operates 5 renewable generating plants with a capacity of 139 MWs; 22 gas recovery sites; and 10 reduced emissions fuel facilities. 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.
IPO Year:
Exchange: NYSE
Website: newlook.dteenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $137.00 | Hold | Jefferies |
| 8/14/2024 | $131.00 | Buy | Ladenburg Thalmann |
| 1/22/2024 | $111.00 | Buy → Neutral | Guggenheim |
| 1/16/2024 | Outperform → Peer Perform | Wolfe Research | |
| 1/8/2024 | Buy → Neutral | Seaport Research Partners | |
| 10/5/2023 | $106.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 8/23/2023 | $117.00 | Overweight | Barclays |
| 6/6/2023 | $129.00 → $124.00 | Neutral → Buy | UBS |
| 12/8/2022 | $125.00 | Peer Perform → Outperform | Wolfe Research |
| 5/23/2022 | $142.00 → $140.00 | Neutral → Outperform | Credit Suisse |
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Continued on path to improving electric reliability through investments in smart grid technology and new substationsBegan construction of three new solar parks, all funded by company's voluntary MIGreenPower programInstalled nearly 1,000 free air conditioners for people in need in metro DetroitPublished 2023 CleanVision Sustainability ReportRecognized for initiatives in making DTE a great place to work DETROIT, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $3 billion so far this year and is on track to invest over $4 billion in 2024 to continue building the electric grid of the future, transforming its power generation to deliver cleaner sources of energy, and upgr
Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024. The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/inv
Committed to improving electric reliability for customersBroke ground on region's largest battery energy storage facility Helped make NFL Draft a carbon-neutral successGrew Energy Efficiency Academy in Detroit and expanded to Grand RapidsHonored with Civic 50 award for being among the 50 most community-minded companies in the United States DETROIT, 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 sm
Detroit, July 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its second quarter 2024 earnings before the market opens Thursday, July 25, 2024. The company will conduct a conference call to discuss earnings results at 8:30 a.m. ET the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/inves
Detroit, June 20, 2024 (GLOBE NEWSWIRE) -- (NYSE:DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable Oct. 15, 2024, to shareholders of record at the close of business Sept. 16, 2024. About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energ
Detroit, May 02, 2024 (GLOBE NEWSWIRE) -- DETROIT, May 2, 2024 (NYSE:DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable July 15, 2024, to shareholders of record at the close of business June 17, 2024. About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutio
Continued significant investments to improve reliability and transition to cleaner generation; on track to invest more than $4 billion into our utilities in 2024Earned the ENERGY STAR Partner of the Year award for sustained excellence in energy efficiencyCelebrated 175 years of service at DTE GasGrew MIGreenPower voluntary renewables program by enrolling Taubman Realty Group and other customersRecognized as a Gallup Exceptional Workplace for 12th consecutive year DETROIT, April 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today reported that it invested over $1 billion into improving its electric and natural gas infrastructure in the first quarter of 2024 and is on track to invest o
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. The company will conduct a conference call to discuss earnings results at 8:30 a.m. ET the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors. About DTE Energy
Invested more than $3.8 billion in electric and gas infrastructure to improve reliability and generate more clean energyHistoric investments in utility infrastructure exceed strong cash generated by our businesses, as supported by regulatory constructReduced customers' bills by $300 million in fuel and transportation cost savingsSecured nearly $160 million in energy assistance for our most vulnerable customersChampioned job creation with Michigan businesses Earned recognition for MIGreenPower as top utility green tariff program in the U.S.Placed Michigan's largest wind park in operationReceived approval of historic Integrated Resource Plan DETROIT, Feb. 08, 2024 (GLOBE NEWSWIRE) -- DTE En
Detroit, Feb. 01, 2024 (GLOBE NEWSWIRE) -- (NYSE:DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable April 15, 2024, to shareholders of record at the close of business March 18, 2024.About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy
Jefferies resumed coverage of DTE Energy with a rating of Hold and set a new price target of $137.00
Ladenburg Thalmann initiated coverage of DTE Energy with a rating of Buy and set a new price target of $131.00
Guggenheim downgraded DTE Energy from Buy to Neutral and set a new price target of $111.00
Wolfe Research downgraded DTE Energy from Outperform to Peer Perform
Seaport Research Partners downgraded DTE Energy from Buy to Neutral
KeyBanc Capital Markets upgraded DTE Energy from Sector Weight to Overweight and set a new price target of $106.00
Barclays initiated coverage of DTE Energy with a rating of Overweight and set a new price target of $117.00
UBS upgraded DTE Energy from Neutral to Buy and set a new price target of $124.00 from $129.00 previously
Wolfe Research upgraded DTE Energy from Peer Perform to Outperform and set a new price target of $125.00
Credit Suisse upgraded DTE Energy from Neutral to Outperform and set a new price target of $140.00 from $142.00 previously
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Detroit, Nov. 01, 2021 (GLOBE NEWSWIRE) -- DETROIT, Nov. 1, 2021 — DTE Energy (NYSE:DTE) announced the appointment of Joi Harris as president of DTE Gas, the company's natural gas utility serving 1.3 million residential and business customers across its service territory. Harris, a 30-year veteran of DTE, has a long history with DTE Gas. She started shadowing engineers at the age of 15, before becoming a company co-op at 18. She climbed the ladder, serving in a number of leadership positions within the organization, rising to the rank of vice president, and most recently as senior vice president of the Major Enterprise Projects division. In that role, she led the project management, pl
Detroit, April 07, 2021 (GLOBE NEWSWIRE) -- DTE Energy (NYSE: DTE) today announced the appointment of Rodney Cole as vice president of the DTE Energy Foundation, and director of community engagement for public affairs, DTE Energy. In his new role, Cole will lead the DTE Foundation’s operations and grant strategies, and will play a key role in advancing DTE’s efforts to create meaningful, good-paying jobs; advance social justice and racial equity; and be good stewards of the environment. Cole will also lead efforts to strengthen neighborhoods and manage community relationships across DTE’s service territory. “Rodney is a proven leader who is respected not only within our company, but
Detroit, Feb. 25, 2021 (GLOBE NEWSWIRE) -- DETROIT, FEB. 25, 2021 – DTE Energy (NYSE: DTE) announced the appointment of Monique Wells as its director of Diversity, Equity and Inclusion (DEI), effective immediately. Wells will be responsible for accelerating DTE’s progress in building a workplace where everyone feels valued and able to contribute their best energy toward serving our customers, communities and each other. “This is a critical time in history for us to work together toward unity and equity,” Wells said. "I’m excited to be part of a team at DTE who are so passionate about the company's shared core values and about celebrating people's diverse voices, perspectives and ideas.”
Detroit, Dec. 02, 2020 (GLOBE NEWSWIRE) -- DETROIT, Dec. 2, 2020 – The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2021 Annual Meeting of Common Stock Shareholders will be Thursday, May 20. Shareholders of record at the close of business March 23, 2021 are eligible to vote at the meeting. Shareholders interested in proposing business from the floor or nominating a person for the position of director from the floor must give notice and certain information to the DTE Energy corporate secretary by the close of business on Jan. 7, 2021. About DTE Energy DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management o
DTE Energy (NYSE:DTE) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.21 by 18.18 percent.
Throughout the last three months, 6 analysts have evaluated DTE Energy (NYSE:DTE), offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 2 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for DTE Energy, presenting an average target of $118.5, a high estimate of $125.00, and a low estimate of $111.00. Witnessing a positive shift, t
BMO Capital analyst James Thalacker maintains DTE Energy (NYSE:DTE) with a Market Perform and raises the price target from $120 to $123.
Ratings for DTE Energy (NYSE:DTE) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 0 0 0 3M Ago 0 2 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $117.17, a high estimate of $125.00, and a low estimate of $111.00. This upward trend is apparent, with the curr
Morgan Stanley analyst Stephen Byrd maintains DTE Energy (NYSE:DTE) with a Overweight and lowers the price target from $116 to $111.
DTE Energy (NYSE:DTE), Michigan's largest producer of renewable energy, will also become a leader in battery storage as it converts a portion of its retired Trenton Channel coal power plant site to house a 220-megawatt battery energy storage center. When complete in 2026, the energy storage center is expected to be the largest standalone battery energy storage project in the Great Lakes region.
Across the recent three months, 7 analysts have shared their insights on DTE Energy (NYSE:DTE), expressing a variety of opinions spanning from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 2 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $117.29, a high estimate of $125.00, and a low estimate of $109.00. This current average has increased by 1.37% fro
Keybanc analyst Sophie Karp maintains DTE Energy (NYSE:DTE) with a Overweight and raises the price target from $117 to $125.
Barclays analyst Nicholas Campanella maintains DTE Energy (NYSE:DTE) with a Overweight and raises the price target from $115 to $119.
Detroit, Nov. 18, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced the construction of three new electric substations as part of the company's ongoing commitment to reducing power outage frequency by 30% while cutting outage time in half by 2029. The new substations will be in Northville Township, Pontiac and Shelby Township and represent a total investment of more than $100 million. "We're not just building for today — we're building the grid of the future to meet the evolving needs of our customers and communities for decades to come," Matt Paul, president and chief operating officer, DTE Electric, said. "These new substations represent a major investment in our sys
Detroit, Nov. 12, 2024 (GLOBE NEWSWIRE) -- DTE Energy's customers are seeing a decrease in their electric bills this month. DTE is reducing the Power Supply Cost Recovery mechanism (PSCR), which represents the actual cost of the fuel and other sources the company uses to produce electricity, by approximately $300 million through 2025. This reduction went into effect on Nov. 1, 2024, and will lower electric bills for residential customers, on average, by about $5 per month. "We work hard, every day, to find ways to save our customers money," said Matt Paul, president and chief operating officer, DTE Electric. "We are committed to keeping our operating costs as low as possible, while we b
DETROIT, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Forecasts for the coming winter suggest temperatures may not dip as low as in recent years, but energy use is still expected to increase as it does each winter. DTE Energy is reaching out to customers to share tips on managing use and getting assistance if they're having trouble paying bills. This effort comes just after DTE earned the top score in Customer Satisfaction with Business Natural Gas Service in the Midwest* in the J.D. Power 2024 U.S. Gas Utility Business Customer Satisfaction Study. While DTE works throughout the year to keep energy affordable — buying natural gas in advance of when it's needed, often when costs are lower — the com
Detroit, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The DTE Energy Foundation announced today it will continue its mission to support victims of domestic violence in Michigan by awarding another round of grants to 45 state-funded domestic violence shelters throughout the state. This year's grant amount of $420,000 brings the Foundation's total commitment to more than $3 million over the past six years. The DTE Foundation is the only supporter that provides grants to all 45 state-funded domestic violence shelters in Michigan, from the Upper Peninsula to southern Michigan. "Recognizing domestic violence is the first step toward ending it," said Rodney Cole, president, DTE Foundation. "By supporting
Detroit, Oct. 30, 2024 (GLOBE NEWSWIRE) -- DTE Energy, Michigan's largest energy provider, is ranked "#1 in Customer Satisfaction with Business Natural Gas Service in the Midwest" in the J.D. Power 2024 U.S. Gas Utility Business Customer Satisfaction Study.In addition to ranking DTE first overall in customer satisfaction, customers placed DTE highest in the individual study factors of Price and Corporate Citizenship. DTE's top score in the Price study factor reflects the efforts the company takes to keep natural gas service affordable for customers. DTE has saved its customers millions of dollars by buying natural gas before it's needed, often when prices are lower, and storing it und
Detroit, Oct. 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of and investor in renewable energy, today announced that its largest solar park, Sauk Solar, is now operational. Located in central Michigan's Branch County, the 150-megawatt solar park has nearly 347,000 solar panels and generates enough clean energy to power approximately 40,000 homes. Sauk Solar is more than three times the size of DTE's second largest solar park in Lapeer. It is also the first of six new solar parks to come online as DTE continues to build renewable energy projects to meet customer demand for more clean energy through its CleanVision MIGreenPower program. Sauk Solar, and
Continued on path to improving electric reliability through investments in smart grid technology and new substationsBegan construction of three new solar parks, all funded by company's voluntary MIGreenPower programInstalled nearly 1,000 free air conditioners for people in need in metro DetroitPublished 2023 CleanVision Sustainability ReportRecognized for initiatives in making DTE a great place to work DETROIT, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $3 billion so far this year and is on track to invest over $4 billion in 2024 to continue building the electric grid of the future, transforming its power generation to deliver cleaner sources of energy, and upgr
Detroit, Oct. 11, 2024 (GLOBE NEWSWIRE) -- DTE Energy is urging all media outlets to make their audiences aware of DTE impersonators. On October 11, 2024, a homicide took place in Rochester Hills allegedly committed by imposters representing themselves as DTE employees. Our hearts go out to the victims of this horrific and tragic event, and we hope the perpetrators are quickly apprehended and brought to justice. If anyone arrives at your home or business claiming they are from DTE, please ask to see a badge with a photo ID. If the person refuses to show their badge, do not allow them entry into your home. If the person becomes agitated or acts in a strange manner, call 911 immediately.
Detroit, Oct. 10, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) will announce its third quarter 2024 earnings before the market opens Thursday, October 24, 2024. The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The U.S. and international toll telephone dial-in number is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/inv
Detroit, Oct. 04, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today released its 2023 CleanVision Sustainability Report, the company's annual publication detailing progress towards its ongoing work to generate cleaner, more reliable and affordable energy for the people and community it serves. DTE's CleanVision report shares progress on the company's priorities of improving operations, achieving net zero goals, caring for customers – especially the most vulnerable – and developing a workforce to lead the state's energy future. "DTE's report aims to not only share updates on sustainability efforts, operational goals and corporate citizenship work, but to serve as a road map of prog
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