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DTE Energy Company (DTE)

NYSE - Nasdaq Real Time Price. Currency in USD
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123.16+3.09 (+2.57%)
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Momentum

Previous Close120.07
Open120.61
Bid116.00 x 800
Ask124.00 x 800
Day's Range120.45 - 123.81
52 Week Range71.21 - 135.60
Volume871,217
Avg. Volume965,555
Market Cap23.865B
Beta (5Y Monthly)0.62
PE Ratio (TTM)17.40
EPS (TTM)7.08
Earnings DateApr 26, 2021 - Apr 30, 2021
Forward Dividend & Yield4.34 (3.52%)
Ex-Dividend DateMar 12, 2021
1y Target Est137.25
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  • DTE Energy appoints Monique Wells as director of Diversity, Equity and Inclusion
    GlobeNewswire

    DTE Energy appoints Monique Wells as director of Diversity, Equity and Inclusion

    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.” Wells was previously the Diversity, Equity and Inclusion Project Manager at Consumers Energy. In that role, Wells was responsible for supporting the strategic efforts of the inclusion and strategic sourcing department, including the development and deployment of the diversity, equity, and inclusion company-wide strategy, and leading cross-functional teams in the design, implementation, and execution of DEI goals, metrics, and continuous improvement plans. Throughout her career, Monique has built inclusive and thriving teams. Wells graduated from the University of Toledo with her Master’s degree in Career and Technical Education, and graduated from Michigan Technological University with her Bachelor’s degree in Chemical Engineering. She has experience as a production engineer at Dow and an instructor at Toledo Technology Academy. Wells serves on Spring Arbor University’s Engineering Advisory Board, as well as Michigan Tech University College of Engineering’s Advisory Board. She was also a member of CE Women’s Engineering Network (WEN) Steering Committee. “We are pleased Monique will be a key leader in furthering our DEI roadmap and cultural journey, working beside leaders, team members and community partners, all committed to creating a workplace and environment welcoming for all,” said Diane Antishin, vice president, Human Resources Operations and Chief Diversity and Inclusion Officer, DTE Energy. “Monique’s deep knowledge of diversity, equity and inclusion, along with her engineering and teaching experience, will build on our progress within our company and in our communities,” said Jerry Norcia, president and CEO, DTE Energy. “She will be a great resource for our company and the communities we serve, and I look forward to supporting Monique’s leadership and seeing the collective impact our efforts will make.” 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 2.2 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 power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com. Attachment Wells CONTACT: Diana Christensen DTE Energy 313.235.5555

  • DTE Energy accelerates infrastructure work and delivers improved electric reliability to customers
    GlobeNewswire

    DTE Energy accelerates infrastructure work and delivers improved electric reliability to customers

    DETROIT, Feb. 22, 2021 (GLOBE NEWSWIRE) -- From Michigan’s thumb, south to Detroit and the surrounding metro areas, DTE Energy’s electric customers experienced 25% improvement in power reliability from 2019 to 2020. Customers also saw the lowest number of outages compared to similar weather years. "DTE is investing nearly $1 billion on behalf of our customers to upgrade the grid each year, and these enhancements are helping us deliver improved results," said Heather Rivard, senior vice president, Distribution Operations. “We know our customers depend on us – even more so this past year because they need our service to live, work and learn – so we continue to prioritize building a stronger and smarter grid.” Building a more resilient infrastructure system includes trimming overgrown trees along power lines. Fallen trees and branches are responsible for two-thirds of the time our customers spend without power. In 2020, the company accelerated tree trim efforts, trimming more than 5,500 miles of trees – more than the distance from Detroit to Seattle and back. That’s nearly 1,000 miles more than in 2019. In some communities like Detroit, where DTE has upgraded and replaced equipment and trimmed trees, customers on average experienced more than 70% improvement in reliability. Some infrastructure improvements in 2020 included: Replaced almost 13,000 utility poles.Installed more than 31,500 wood cross arms with fiberglass cross arms on overhead power lines. Overhead power lines are prone to damage caused by strong winds, ice, heat and accidents.Built three new substations. New substations reduce power outages and provides additional electric capacity to support future growth.Upgraded more than 209 miles of DTE’s circuits to the latest construction standards, improving reliability for tens of thousands of customers. The infrastructure improvements completed in 2020 make the electric grid more resilient, resulting in less power outages during volatile weather events like the storm in November 2020, which had wind gusts reaching over 50 mph. “We constantly patrol circuits in our communities to look for additional opportunities to provide customers with safe, reliable and affordable electricity,” Rivard said. “We are committed to sustaining this new standard and making additional investments and upgrades into the next decade." The work on the grid not only improves electric reliability, but also moves DTE closer to its clean energy goal of achieving net zero carbon emissions by 2050. To learn more visit dteenergy.com/reliability. 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 2.2 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 power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric and Gas aspires to achieve net zero carbon and greenhouse gas emissions by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com. CONTACT: Je'well Pearson DTE Energy 313.235.6223 Jill Wilmot DTE Energy 313.235.6223

  • DTE Energy’s 4Q Earnings Outperform As Natural Gas Demand Picks Up
    SmarterAnalyst

    DTE Energy’s 4Q Earnings Outperform As Natural Gas Demand Picks Up

    DTE Energy posted better-than-expected earnings in the fourth quarter, as the diversified energy company saw an increase in customer demand for natural gas. The Detroit-based company’s 4Q earnings rose 3% to $1.39 per share on a year-over-year basis and beat Street estimates of $1.24 per share. DTE Energy’s (DTE) earnings from its natural gas utility segment came in at $84 million, up 31% year-over-year. The electric utility earnings amounted to $102 million, down 20.3%. For 2021, the company reaffirmed its outlook and expects adjusted EPS to come in at a range of $6.88 to $7.26, versus the consensus of $7.16. (See DTE stock analysis on TipRanks) DTE CFO David Ruud said, “We are well positioned for another solid year in 2021 as we continue to invest in reliability and infrastructure improvements for our customers.” DTE Energy also announced the progress on the spin-off of its non-utility natural gas pipeline, storage, and gathering business into a new and independent publicly-traded company. The company has initiated the Form 10 registration process with the Securities and Exchange Commission (SEC). The planned move will enhance focus on key customers and is likely to provide faster growth, the company said. The spin-off, which was announced in Oct. 2020, is expected to be completed by mid-year 2021. The transaction awaits the board of directors’ final approval and other regulatory approvals. On Jan. 21, Evercore ISI analyst Durgesh Chopra upgraded the stock’s rating to Buy from Hold and increased the price target to $134 (11.5% upside potential) from $121, as “the firm shook up its Energy sector ratings with a cautious view on the group in the near-term and a preference for value over quality.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 2 analysts suggesting a Buy and 3 analysts recommending a Hold. The average analyst price target of $133 implies around 11% upside potential to current levels. Shares have appreciated 5% over the past six months. DTE Energy scores a 9 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: CAE’s Quarterly Profit Lags Estimates Amid Air Travel Slump Moody’s Posts Better-Than-Expected 4Q Revenue But Profit Disappoints Lincoln Electric Posts Better-Than-Expected Quarterly Profit; Street Sees 5% Upside More recent articles from Smarter Analyst: Motosport Snaps Up KartKraft; Street Sees 41% Upside Dynavax’s Hepatitis B Vaccine Authorized In Europe; Shares Rise 6% Coca-Cola Seeks Controlling Stake In BodyArmor Sports Drink - Report Appian Posts Smaller-Than-Feared 4Q Loss; Shares Drop 6%