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 696 distribution substations and 442,700 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 19,800 miles of distribution mains; 1,305,000 service pipelines; and 1,273,000 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 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 217 MWs; 23 landfill gas recovery sites; and 10 reduced emissions fuel facilities. Its Energy Trading segment engages in power and gas 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.
Industry, Sector and Symbol
Industry Electric services
Sub-IndustryMulti-Utilities
SectorUtilities
Phone313-235-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$14.21 billion
Profitability
Miscellaneous
Employees10,600
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable
DTE Energy (NYSE:DTE) Frequently Asked Questions
What is DTE Energy's stock symbol?
DTE Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTE."
How often does DTE Energy pay dividends? What is the dividend yield for DTE Energy?
DTE Energy declared a quarterly dividend on Thursday, May 9th. Stockholders of record on Monday, June 17th will be given a dividend of $0.945 per share on Monday, July 15th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, June 14th. View DTE Energy's Dividend History.
How were DTE Energy's earnings last quarter?
DTE Energy Co (NYSE:DTE) released its earnings results on Wednesday, April, 24th. The utilities provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. The utilities provider had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.77 billion. DTE Energy had a net margin of 8.30% and a return on equity of 10.99%. During the same quarter last year, the firm earned $1.91 EPS. View DTE Energy's Earnings History.
When is DTE Energy's next earnings date?
What guidance has DTE Energy issued on next quarter's earnings?
DTE Energy issued an update on its FY 2019 earnings guidance on Tuesday, May, 21st. The company provided earnings per share (EPS) guidance of $5.97-6.33 for the period.
What price target have analysts set for DTE?
13 equities research analysts have issued 12-month price targets for DTE Energy's stock. Their forecasts range from $105.00 to $134.00. On average, they anticipate DTE Energy's stock price to reach $118.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%. View Analyst Price Targets for DTE Energy.
What is the consensus analysts' recommendation for DTE Energy?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DTE Energy in the last year. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for DTE Energy.
Has DTE Energy been receiving favorable news coverage?
News coverage about DTE stock has been trending extremely negative this week, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. DTE Energy earned a media sentiment score of -4.2 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.
Who are some of DTE Energy's key competitors?
Some companies that are related to DTE Energy include Enel S.p.A. ADS (ENLAY), Dominion Energy (D), Southern (SO), American Electric Power (AEP), Eversource Energy (ES), FirstEnergy (FE), PPL (PPL), Edison International (EIX), Entergy (ETR), Fortis (FTS), Avangrid (AGR), Tenaga Nasional Bhd (TNABY), CenterPoint Energy (CNP), Korea Electric Power (KEP) and SSE PLC/S (SSEZY).
What other stocks do shareholders of DTE Energy own?
Who are DTE Energy's key executives?
DTE Energy's management team includes the folowing people:
- Mr. Gerard M. Anderson, Chairman & CEO (Age 60)
- Mr. Gerardo Norcia, Pres & COO (Age 56)
- Mr. Peter B. Oleksiak, Sr. VP & CFO (Age 53)
- Mr. David Earl Meador, Vice Chairman & Chief Admin. Officer (Age 62)
- Mr. Trevor F. Lauer, Pres & COO of DTE Electric Company (Age 55)
Who are DTE Energy's major shareholders?
DTE Energy's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.94%), Geode Capital Management LLC (1.44%), Northern Trust Corp (1.32%), Goldman Sachs Group Inc. (1.23%), Renaissance Technologies LLC (1.14%) and Victory Capital Management Inc. (0.94%). Company insiders that own DTE Energy stock include Bruce D Peterson, David Ruud, Gerard M Anderson, Gerardo Norcia, Jeffrey A Jewell, Larry E Steward, Lisa A Muschong, Mark W Stiers, Peter B Oleksiak, Ruth G Shaw and Trevor F Lauer. View Institutional Ownership Trends for DTE Energy.
Which major investors are selling DTE Energy stock?
DTE stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Morgan Stanley, Reaves W H & Co. Inc., Duff & Phelps Investment Management Co., BNP Paribas Arbitrage SA, Goldman Sachs Group Inc. and Great West Life Assurance Co. Can. Company insiders that have sold DTE Energy company stock in the last year include Gerard M Anderson, Jeffrey A Jewell, Lisa A Muschong, Mark W Stiers, Peter B Oleksiak and Trevor F Lauer. View Insider Buying and Selling for DTE Energy.
Which major investors are buying DTE Energy stock?
DTE stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Geode Capital Management LLC, Janus Henderson Group PLC, Wells Fargo & Company MN, Man Group plc, California Public Employees Retirement System, Acadian Asset Management LLC and Hsbc Holdings PLC. View Insider Buying and Selling for DTE Energy.
How do I buy shares of DTE Energy?
Shares of DTE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is DTE Energy's stock price today?
One share of DTE stock can currently be purchased for approximately $128.79.
How big of a company is DTE Energy?
DTE Energy has a market capitalization of $23.60 billion and generates $14.21 billion in revenue each year. The utilities provider earns $1.12 billion in net income (profit) each year or $6.30 on an earnings per share basis. DTE Energy employs 10,600 workers across the globe.
What is DTE Energy's official website?
How can I contact DTE Energy?
DTE Energy's mailing address is One Energy Plaza, Detroit MI, 48226. The utilities provider can be reached via phone at 313-235-4000 or via email at [email protected]
MarketBeat Community Rating for DTE Energy (NYSE DTE)
MarketBeat's community ratings are surveys of what our community members think about DTE Energy and other stocks. Vote "Outperform" if you believe DTE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DTE will underperform the S&P 500 over the long term. You may vote once every thirty days.
