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 |
---|---|---|---|
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 |
4/26/2022 | $142.00 | Neutral | Credit Suisse |
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Detroit, Aug. 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced a significant milestone in its commitment to improving energy reliability for its customers. Through the implementation of smart grid technology, DTE has prevented nearly 5,000 power interruptions and more than 1.8 million minutes without power for customers so far in 2024. "We're dedicated to reducing power outages by 30% while cutting outage durations in half by 2029 — and smart technology is a critical investment to help us reach that goal," Matt Paul, president, DTE Electric, said. "Accelerating our transition to a smart grid is a game changer for our customers, and we're already seeing positive results.
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, June 10, 2024 (GLOBE NEWSWIRE) -- 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. The new Trenton Channel Energy Center will support DTE's transformational CleanVision Integrated Resource Plan and Michigan's new statewide energy storage target, both of which align with DTE's net zero carbon reduction goals. The facility will store ele
Detroit, May 20, 2024 (GLOBE NEWSWIRE) -- For Demetria Tucker, transitioning into the clean energy career field was a leap of faith. She hoped to secure a better-paying job to support herself and her family, with future growth opportunities and advanced training, so she joined DTE's Energy Efficiency Academy. In June of last year, Demetria graduated from the Academy and moved into a career earning wages that double the state's average. "The first day of the program was the most memorable for me, I was nervous and honestly didn't know if I would enjoy stepping into this new field," said Tucker, graduate, Energy Efficiency Academy. "By the end of the day, I knew that I was in for somethi
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 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of renewable energy, is working with the National Football League (NFL) and local tourism non-profit Visit Detroit to help the 2024 NFL Draft become carbon neutral. By leveraging DTE's voluntary renewable energy programs, the NFL will create a more sustainable environment for the hundreds of thousands of visitors coming to Detroit, with positive impact for the local community. DTE is helping reduce carbon emissions associated with the NFL Draft (April 25 – 27) by offsetting the carbon footprint of the energy used by the NFL for event production and operation, food and beverage preparation and
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
3 - DTE ENERGY CO (0000936340) (Reporting)
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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.
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
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. The company will conduct a conference call to discuss earnings results at 9 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 or international toll: (646) 960-0306. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors. About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company i
Detroit, Dec. 08, 2023 (GLOBE NEWSWIRE) -- DETROIT, Dec. 8, 2023 (NYSE:DTE) — The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable Jan. 15, 2024, to shareholders of record at the close of business Dec. 18, 2023. 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 in Michigan. The DTE portfolio includes energy businesses focused on custom energy solutions, ren
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
8-K/A - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
10-Q - DTE ENERGY CO (0000936340) (Filer)
8-K - DTE ENERGY CO (0000936340) (Filer)
DEF 14A - DTE ENERGY CO (0000936340) (Filer)
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
Credit Suisse initiated coverage of DTE Energy with a rating of Neutral and set a new price target of $142.00