- Previous Close
127.55 - Open
126.15 - Bid 125.50 x 800
- Ask 127.47 x 1100
- Day's Range
125.70 - 127.27 - 52 Week Range
92.58 - 129.53 - Volume
440,285 - Avg. Volume
1,010,215 - Market Cap (intraday)
26.287B - Beta (5Y Monthly) 0.68
- PE Ratio (TTM)
18.98 - EPS (TTM)
6.69 - Earnings Date Oct 30, 2024 - Nov 4, 2024
- Forward Dividend & Yield 4.08 (3.21%)
- Ex-Dividend Date Sep 16, 2024
- 1y Target Est
131.02
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 residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air 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 1849 and is based in Detroit, Michigan.
www.dteenergy.com9,510
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: DTE
View More
Performance Overview: DTE
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: DTE
Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Statistics: DTE
View MoreValuation Measures
Market Cap
26.29B
Enterprise Value
48.42B
Trailing P/E
18.98
Forward P/E
17.70
PEG Ratio (5yr expected)
3.47
Price/Sales (ttm)
2.12
Price/Book (mrq)
2.37
Enterprise Value/Revenue
3.91
Enterprise Value/EBITDA
11.92
Financial Highlights
Profitability and Income Statement
Profit Margin
11.18%
Return on Assets (ttm)
3.07%
Return on Equity (ttm)
12.84%
Revenue (ttm)
12.4B
Net Income Avi to Common (ttm)
1.38B
Diluted EPS (ttm)
6.69
Balance Sheet and Cash Flow
Total Cash (mrq)
1.08B
Total Debt/Equity (mrq)
208.89%
Levered Free Cash Flow (ttm)
-1.42B
Research Analysis: DTE
View MoreCompany Insights: DTE
DTE does not have Company Insights
Research Reports: DTE
View MoreDTE Energy: Reliability Audit, Business Update Support Growth Outlook
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
RatingPrice TargetDTE Energy Earnings: Michigan Regulatory Outcomes Critical Piece of Growth Plan
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
RatingPrice TargetFavorable weather drives strong sequential EPS growth
DTE Energy is a Detroit-based diversified energy company. Its operating units include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy businesses focused on power and industrial projects, fuel transportation, and marketing. In July 2021, DTE completed the spinoff of its midstream gas pipeline operations. Utility revenues account for about 65% of current total revenue. DTE's fuel mix is approximately 40% coal, 20% nuclear, and 22% natural gas, with the remainder from other sources. The company is expanding its use of renewable fuels. It is more reliant on coal than some peers but is planning to stop using coal at its Belle River plant by 2028 and at its Monroe plant by 2040. DTE retired the Trenton Channel and St. Clair coal power plants in 2022. It is also targeting net-zero carbon emissions by 2050. This follows its previously announced commitments to reduce carbon emissions by 50% by 2030 and 80% by 2040. The company's market capitalization is $24.5 billion.
RatingPrice TargetThe board is green. Stocks are making a strong comeback after a wild ride this
The board is green. Stocks are making a strong comeback after a wild ride this week. The Mag7 are split, some up, some down. The big driver today is inflation data that is showing progress on prices continuing to track lower. The Personal Consumption Expenditures index came in at 2.5% in June, slightly below the 2.6% in May. Core PCE printed at 2.6% for June, unchanged from May. Next week is a biggie. The July Jobs report is due on Friday, four more of the Mag7 report - Apple, Amazon, Microsoft, and Meta, and oh, and there's a Fed rate meeting - though no rate move is widely expected.