|Day's Range||54.07 - 54.67|
|52 Week Range||3.36 - 54.67|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Through this long-term initiative, DTE Energy (DTE) expects to see a 30% reduction in its carbon emissions by the early 2020s, 45% by 2030, 75% by 2040 and finally more than 80% by 2050.
U.S. energy company DTE Energy Co said on Tuesday it will build more natural gas and renewable power plants and shut all of its coal units by 2040, reducing carbon emissions by more than 80 percent from 2005 levels by 2050. “We have concluded that not only is the 80 percent reduction goal achievable – it is achievable in a way that keeps Michigan's power affordable and reliable," DTE's chairman and chief executive officer, Gerry Anderson, said in a statement. Detroit-based DTE said its efforts to cut carbon emissions will result in a 30 percent reduction by the early 2020s, 45 percent by 2030, 75 percent by 2040 and more than 80 percent by 2050.
DTE Energy's (DTE) share price gained 16.5% in the last one year, outperforming the Zacks categorized Utility-Electric power industry's 0.6% decline.