Dte Energy Co - DTE STOCK NEWS

The DTE Energy Board of Directors has declared a quarterly cash dividend of $1.02 per share on its common stock. This dividend will be payable on October 15, 2024, to shareholders who are recorded by the close of business on September 16, 2024. This continues DTE Energy's long-standing tradition of paying cash dividends for over 100 years.

DTE Energy will build a 220-megawatt battery energy storage center at the retired Trenton Channel coal plant site, making it the largest in the Great Lakes region when completed in 2026. The project supports Michigan's MI Healthy Climate Plan and DTE's CleanVision Integrated Resource Plan. The center will store electricity during excess generation and distribute it as needed, reducing grid strain and supporting DTE's renewable energy initiatives.

The transformation is helped by $140 million in tax incentives from the 2022 Inflation Reduction Act. The center can power nearly 40,000 homes and aligns with DTE's net zero carbon goals. It will also bring additional tax revenue to the Trenton community for local projects.

DTE Energy has announced the expansion of its Energy Efficiency Academy to Grand Rapids, following a successful first year in Detroit. Participants in the program receive comprehensive training and job placement in electric, HVAC, insulation, and home performance trades. In its inaugural year, the Academy had a 94% certification pass rate and saw 75% of its graduates secure full-time employment with wages up to $30 per hour. The expansion aims to address the increasing demand for energy-efficient home repairs and build a sustainable local workforce. DTE’s initiative is in partnership with Walker-Miller Energy Services and reflects its commitment to energy equity and supporting underserved communities.

DTE Energy's Board of Directors has declared a quarterly dividend of $1.02 per share on its common stock, maintaining a tradition of over 100 years of issuing cash dividends.

DTE Energy reported investments of over $1 billion in electric and natural gas infrastructure in Q1 2024, aiming to invest more than $4 billion by 2024. The company earned the ENERGY STAR Partner of the Year award for energy efficiency, celebrated 175 years of service, expanded the MIGreenPower program, and was recognized as a Gallup Exceptional Workplace. Despite a decrease in earnings compared to 2023, operating earnings were $346 million. DTE Energy confirmed an operating EPS guidance of $6.54 - $6.83 for 2024.

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.

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.

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.

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.