- Previous Close
122.18 - Open
122.39 - Bid 122.69 x 800
- Ask 122.88 x 800
- Day's Range
121.85 - 122.94 - 52 Week Range
102.17 - 131.67 - Volume
158,410 - Avg. Volume
1,198,682 - Market Cap (intraday)
25.447B - Beta (5Y Monthly) 0.68
- PE Ratio (TTM)
16.65 - EPS (TTM)
7.38 - Earnings Date Feb 6, 2025 - Feb 10, 2025
- Forward Dividend & Yield 4.08 (3.34%)
- Ex-Dividend Date Sep 16, 2024
- 1y Target Est
135.90
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.com9,412
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 11/21/2024, 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
25.30B
Enterprise Value
48.07B
Trailing P/E
16.56
Forward P/E
17.01
PEG Ratio (5yr expected)
3.33
Price/Sales (ttm)
2.03
Price/Book (mrq)
2.18
Enterprise Value/Revenue
3.87
Enterprise Value/EBITDA
11.58
Financial Highlights
Profitability and Income Statement
Profit Margin
12.33%
Return on Assets (ttm)
2.96%
Return on Equity (ttm)
13.64%
Revenue (ttm)
12.41B
Net Income Avi to Common (ttm)
1.53B
Diluted EPS (ttm)
7.38
Balance Sheet and Cash Flow
Total Cash (mrq)
2.04B
Total Debt/Equity (mrq)
213.85%
Levered Free Cash Flow (ttm)
-1.52B
Research Analysis: DTE
View MoreCompany Insights: DTE
DTE does not have Company Insights
Research Reports: DTE
View MoreDTE's Growth Focused on Clean Energy and Energy Reliability
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 TargetElectricity drives 3Q24; raising target
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 $27 billion.
RatingPrice TargetStocks were mixed on Thursday, with the Nasdaq Composite and S&P 500 higher,
Stocks were mixed on Thursday, with the Nasdaq Composite and S&P 500 higher, but the Dow Jones Industrial Average falling back once again. Tesla's consensus-beating results and guidance powered the Nasdaq, while disappointing results from IBM dragged on the Dow. The Nasdaq was up 0.76%, the S&P 500 gained 0.21%, and the Dow fell back by 0.33%.
DTE Energy Earnings: Clean Energy, Reliability Growth Investment Continues
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 Target