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DTE Energy Company - DTE STOCK NEWS

Welcome to our dedicated page for DTE Energy Company news (Ticker: DTE), a resource for investors and traders seeking the latest updates and insights on DTE Energy Company stock.

DTE Energy Company (NYSE: DTE) is a Detroit-based diversified energy company committed to the development and management of energy-related businesses and services across the United States. DTE's primary subsidiaries, DTE Electric and DTE Gas, serve over three million customers in Michigan, providing essential electric and gas services. DTE Electric caters to about 2.3 million customers in Southeastern Michigan, including Detroit, while DTE Gas serves around 1.3 million customers statewide.

The company has a workforce of more than 10,400 employees who are dedicated to maintaining and improving the reliability, safety, and affordability of energy services. DTE's operations extend beyond utility services, leveraging its expertise through non-utility businesses including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

Recently, DTE Energy announced its third quarter earnings for 2023, with reported earnings of $332 million. Despite facing challenges like severe weather conditions, the company continues to focus on strategic investments aimed at enhancing grid reliability and transitioning to cleaner energy. DTE has committed to reducing CO2 emissions by 90% and methane emissions by 80% by 2040, aspiring to achieve net-zero carbon emissions by 2050.

DTE's commitment to sustainability is evident through significant investments in infrastructure improvements. In 2023, the company invested a record $3.8 billion into its electric and natural gas infrastructure. This includes $3.1 billion by DTE Electric for generating cleaner energy and improving reliability, and $750 million by DTE Gas for upgrading main gas lines and other infrastructure enhancements.

Through its partnerships, such as with Motor City Electric, DTE continues to drive economic progress and community engagement. The company spent $2.7 billion with Michigan suppliers in 2023, creating over 12,000 jobs. DTE's dedication to local supplier diversity is reflected in its $988 million spend with diverse suppliers, fostering economic growth and stability in Michigan.

For investors and stakeholders, DTE Energy provides a transparent financial outlook, confirming its 2024 operating EPS guidance of $6.54 - $6.83. The company continues to prioritize investments in modernizing its electric system and meeting aggressive carbon reduction goals, ensuring long-term sustainable growth.

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DTE Energy partners with the NFL and Visit Detroit to make the 2024 NFL Draft carbon neutral by offsetting carbon emissions through renewable energy programs. The initiative will reduce the event's carbon footprint equivalent to taking 310 cars off the road for a year or powering 260 homes annually.
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DTE Energy announces winners of annual Energy Efficiency Makeover contest with increased cash awards. The contest saw a record-breaking number of entries and aims to help small businesses reduce energy use and greenhouse gas emissions. Winners receive $5,000 each for energy efficiency improvements.
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DTE Energy (NYSE:DTE) to announce first quarter 2024 earnings on April 25, 2024. Conference call scheduled for 8:30 a.m. ET. Details on how investors and the public can listen to the call provided.
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DTE Energy (NYSE: DTE) receives the ENERGY STAR Partner of the Year award for the third consecutive year. The award recognizes DTE's commitment to energy-saving programs, promoting ENERGY STAR benefits, and reducing customers' carbon footprint. DTE's initiatives have resulted in significant energy and cost savings for customers, with programs generating over 200,000MWh of electricity and nearly 100,000MCF of natural gas savings in 2023.
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Motor City Electric (MCE) announces spending $2.7 billion with Michigan suppliers and $988 million with diverse suppliers.
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DTE Energy Foundation offers Michigan nonprofits up to $150,000 for community transformation efforts. Applications accepted until May 1, with winners notified by Oct. 4. Criteria include being a 501(c)(3) charity, Michigan-based, and not energy-related.
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DTE Energy (NYSE: DTE) invested a record $3.8 billion into improving its electric and natural gas infrastructure in 2023. The company reported 2023 earnings of $1.4 billion, or $6.76 per diluted share, compared with $1.1 billion, or $5.52 per diluted share in 2022. Operating earnings for 2023 were $1.2 billion, or $5.73 per diluted share. DTE made strategic investments in infrastructure to accelerate long-term plans for transforming electric generation and distribution. The company also focused on improving the reliability of electric power interruptions, improving safety and reliability of gas infrastructure, reducing customers' bills by $300 million, and supporting vulnerable customers with energy assistance. DTE also championed job creation, earned recognition for its green energy programs, placed Michigan's largest wind park in operation, and received approval of a historic Integrated Resource Plan.
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DTE Energy, listed as NYSE: DTE, has announced a cash dividend of $1.02 per share on its common stock, continuing its more than 100-year history of issuing dividends. The dividend is payable on April 15, 2024, to shareholders of record as of March 18, 2024.
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DTE Energy (NYSE:DTE) will release its full year 2023 earnings on Feb. 8, 2024, followed by a conference call to discuss the results. The call will be available for live internet broadcast and will be archived on the company's website. Investors, media, and the public can participate.
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DTE Energy (NYSE:DTE) announced that the National Renewable Energy Laboratory recognized DTE’s MIGreenPower program as the top utility green tariff program in the U.S. The program enables DTE Electric customers to attribute an even greater percentage of their electricity use to Michigan-based wind and solar projects. MIGreenPower participation is accelerating the development of new wind and solar projects in Michigan, with DTE planning to add more than 1,000 megawatts of new clean energy projects by 2026. The residential customer program is also listed among the top 10 in the country and is nearing 100,000 enrollments. Altogether, MIGreenPower customers have enrolled four million megawatt hours of clean energy, equivalent to avoiding more than three million tons of carbon dioxide emissions annually.
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FAQ

What is the current stock price of DTE Energy Company (DTE)?

The current stock price of DTE Energy Company (DTE) is $119.41 as of November 14, 2024.

What is the market cap of DTE Energy Company (DTE)?

The market cap of DTE Energy Company (DTE) is approximately 24.8B.

What services does DTE Energy provide?

DTE Energy provides electric and gas services through its subsidiaries DTE Electric and DTE Gas, serving over three million customers in Michigan.

How many employees does DTE Energy have?

DTE Energy employs more than 10,400 individuals across its utility and non-utility businesses.

What are DTE's carbon reduction goals?

DTE aims to reduce CO2 emissions by 90% and methane emissions by 80% by 2040, with a goal of achieving net-zero carbon emissions by 2050.

How much did DTE Energy invest in infrastructure in 2023?

DTE Energy invested a record $3.8 billion in 2023, enhancing electric reliability and gas infrastructure.

What is the financial outlook for DTE Energy in 2024?

DTE Energy confirms its 2024 operating EPS guidance of $6.54 - $6.83.

Who are the primary customers of DTE Electric and DTE Gas?

DTE Electric serves 2.3 million customers in Southeastern Michigan, while DTE Gas serves 1.3 million customers across Michigan.

What non-utility businesses is DTE involved in?

DTE's non-utility businesses include energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

How does DTE support local suppliers?

DTE spent $2.7 billion with Michigan suppliers in 2023, including $988 million with diverse suppliers, fostering economic growth and stability in the state.

What is DTE Energy's approach to community engagement?

DTE engages with communities through volunteerism, education, employment initiatives, and partnerships with local businesses to drive economic progress.

How can investors stay informed about DTE Energy's financial performance?

Investors can access earnings announcements, presentation slides, and live internet broadcasts of conference calls on DTE's investor relations website.

DTE Energy Company

NYSE:DTE

DTE Rankings

DTE Stock Data

24.84B
207.10M
0.32%
77.83%
1.27%
Utilities - Regulated Electric
Electric Services
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United States of America
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