Dte Energy Co - DTE STOCK NEWS

DTE Energy announced the successful remarketing of its 2019 Series F 4.220% Senior Notes due 2024, originally issued on Nov. 1, 2019. The maturity date has been moved up from Nov. 1, 2025 to Nov. 1, 2024. The remarketing, set to close on Aug. 8, 2022, will not generate direct proceeds for DTE; instead, proceeds will fund the purchase of treasury securities maturing by Nov. 1, 2022. These securities are linked to stock purchase contracts from the Corporate Units.

DTE Energy announced its second quarter 2022 earnings, reporting a net income of $37 million, or $0.19 per diluted share, down from $179 million, or $0.92 per diluted share in Q2 2021. Operating earnings also decreased to $171 million, or $0.88 per diluted share, from $235 million, or $1.22 per diluted share the previous year. Despite this, the company raised its full-year 2022 operating EPS guidance to a range of $5.90 to $6.10, driven by the successful commercial operation of the Blue Water Energy Center and ongoing advancements in carbon reduction.

DTE Energy (NYSE:DTE) is set to release its Q2 2022 earnings on July 28, 2022, before market opening. A conference call will be held at 8:30 a.m. ET to discuss the results. Investors and the public can access the call via a live internet broadcast at dteenergy.com/investors. DTE Energy serves 2.3 million electric customers and 1.3 million gas customers in Michigan, focusing on reduction of emissions and renewable energy.

The DTE Energy Foundation has announced the allocation of $1.25 million in grants to four Michigan organizations aimed at enhancing educational and employment opportunities for underrepresented communities. Key recipients include the Michigan Hispanic Collaborative ($500,000), Cranbrook Institute of Science ($450,000), FIRST in Michigan ($200,000), and Inforum ($100,000). These grants focus on STEM education, climate change curricula, and workforce development, emphasizing the importance of diversity and inclusion in Michigan's economy.

DTE Energy announced a dividend of $0.885 per share, payable on October 15, 2022, to shareholders on record by September 19, 2022. This dividend continues DTE's century-long tradition of cash dividends, reflecting its commitment to shareholder value. Jerry Norcia, CEO, emphasized the importance of DTE's dividends in providing consistent and above-average returns to investors, showcasing robust business practices.

DTE Energy announced the commercial operation of its Blue Water Energy Center, a 1,150 MW natural gas-fired power plant, providing cleaner power for 850,000 homes in southeast Michigan. The almost $1 billion project, completed on time and on budget, marks a significant step in the company's efforts to achieve net-zero carbon emissions by 2050. DTE plans to double renewable energy generation by 2025 and reduce carbon emissions by 30%, aiming for 80% reduction by 2040.

DTE Energy has announced that BMW will join General Motors and Ford in its DTE Smart Charge program, enhancing the initiative aimed at optimizing Electric Vehicle (EV) charging and reducing grid stress. This demand response program utilizes telematics to manage EV charging during peak energy demand, allowing participants to earn rewards. DTE aims to expand participation from 370 EV owners in 2021 to 1,000 by 2023. Past efforts showed a 1.7 MWh reduction in energy consumption, demonstrating the program's effectiveness in promoting sustainable energy practices.

DTE Energy has declared a $0.885 per share dividend, payable on July 15, 2022, to shareholders of record as of June 20, 2022. This decision marks over 100 years of consistent cash dividend issuance, reflecting the company's commitment to delivering value to its investors. CEO Jerry Norcia emphasized the importance of the dividend for shareholders, stating that it provides above-average returns. DTE Energy operates in energy management and services, serving millions across the U.S.