DTE Energy Headquarters in Detroit, Michigan
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Type
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Public |
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Traded as | NYSE: DTE S&P 500 Component |
Industry | Electric and Gas Utilities |
Headquarters | Detroit, Michigan, U.S. |
Key people
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Gerard M. Anderson (Chairman, Chief Executive Officer and President) |
Revenue |
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Operating income
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Net income
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Total assets |
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Total equity |
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Number of employees
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10,262 |
Website | www.dteenergy.com |
DTE Energy Co. is an American Detroit, Michigan-based utility incorporated in 1995 involved in the development and management of energy-related businesses and services nationwide.
DTE Energy's largest operating subsidiaries are DTE Electric Company (formerly Detroit Edison), an investor-owned electric utility serving 2.1 million customers in Southeastern Michigan; and DTE Gas Company (formerly Michigan Consolidated Gas Company (MichCon)), a natural gas utility serving 1.2 million customers in Michigan. The two companies merged in 2001.
The name "DTE" is taken from the stock symbol for the former Detroit Edison, DTE.
As of 2005 DTE Energy has 22 coal-fired generating stations with 7,998 MW of capacity. Here is a list of DTE Energy's coal power plants with capacity over 100 MW:
In 2006, DTE Energy's 7 major coal-fired power plants emitted 43.3 million tons of CO
2 (0.7% of all U.S. CO2 emissions) and 214,000 tons of SO
2 (1.4% of all U.S. SO
2 emissions).
In 2016, DTE Energy retired three coal-fired generating units among its plants. In June 2016, DTE Energy said that it would close eight additional coal-fired generators at three coal plants in Michigan by the year 2023. The plants are located in River Rouge, St. Clair in East China Township and Trenton. In sum, the plants power around 900,000 homes. DTE Energy plans to replace them with renewable energy. The Detroit Free Press wrote that employees at the closing plants will be able to transfer to other facilities and will not lose their jobs.
Many of DTE Energy's coal plants were built in the 1950s and 1960s and "are nearing retirement age."
Since 2009, DTE Energy has invested over $1 billion in renewable energy according to their 2015 - 2016 Corporate Citizenship Report.
As of June 2016, DTE Energy plans to build a solar arrays in Lapeer, Michigan that will be one of the largest in the eastern United States. It will do so as it retires coal-fired generators at coal plants in Michigan. According to DTE Energy, it is the largest investor in renewable energy in Michigan. It has invested over $2 billion since 2008.
In May 2016, the company broke ground on a solar array project in Lapeer, MI touted as the largest utility-owned solar array east of the Mississippi River. When the project is completed, it is expected to generate enough electricity to power 9,000 homes. DTE Energy also broke ground on a 10-acre solar installation in Detroit on the site of the abandoned O'Shea Park.
In May 2017, DTE Energy announced it had acquired "two landfill-based gas-to-energy operations" in Texas. The company wants to expand its operations to alternative vehicle fuel. The operations it acquired were the Fort Bend Power Producers, LLC facility outside of Rosenberg, Texas and the Seabreaze landfill gas development in Angleton, Texas, which has yet to be developed.
After these projects are operational, the company will have five "landfill conversion facilities which capture and convert dangerous landfill gases to pipeline-quality renewable natural gas." The gases will go to fueling transit buses.
In December 2011, the non-partisan organization Public Campaign criticized DTE Energy for spending $4.37 million on lobbying and not paying any taxes during 2008-2010, instead getting $17 million in tax rebates, despite making a profit of $2.5 billion.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q4 2022 | 2023-02-23 | Future report Set alerts | |
Q3 2022 | 2022-10-27 | 1.60 | 1.60 |
Q2 2022 | 2022-07-28 | 0.88 | 0.88 |
Q1 2022 | 2022-04-28 | 2.31 | 2.31 |
Q4 2021 | 2022-02-10 | 1.05 | 1.05 |
Q3 2021 | 2021-10-27 | 1.72 | 1.72 |
Q2 2021 | 2021-07-27 | 1.70 | 1.70 |
Q1 2021 | 2021-04-27 | 2.44 | 2.44 |
Q4 2020 | 2021-02-19 | 1.39 | 1.39 |
Q3 2020 | 2020-10-27 | 2.61 | 2.61 |
2016-07-02 | Reiterated Rating | KeyCorp | Outperform | $97.00 to $102.50 |
2016-06-22 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-19 | Reiterated Rating | Deutsche Bank | Hold | $90.00 |
2016-04-19 | Reiterated Rating | Deutsche Bank AG | Hold | $90.00 |
2016-04-07 | Reiterated Rating | Barclays | Overweight | $91.00 to $97.00 |
2016-04-07 | Reiterated Rating | Barclays PLC | Overweight | $91.00 to $97.00 |
2016-02-11 | Boost Price Target | Barclays | Overweight | $89.00 to $91.00 |
2016-01-27 | Lower Price Target | Deutsche Bank | Hold | $87.00 to $86.00 |
2016-01-13 | Upgrade | Barclays | Equal Weight to Overweight | $72.00 to $89.00 |
2015-10-22 | Reiterated Rating | Deutsche Bank | Hold | $87.00 |
2015-09-21 | Reiterated Rating | Macquarie | Buy | $89.00 |
2015-07-29 | Reiterated Rating | Deutsche Bank | Hold | $87.00 |
2015-07-27 | Lower Price Target | Barclays | Equal Weight | $85.00 to $82.00 |
2015-04-22 | Initiated Coverage | Guggenheim | Buy | |
2015-04-13 | Initiated Coverage | Goldman Sachs | Neutral | $82.00 |
2015-04-13 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $82.00 |
2015-02-17 | Set Price Target | Deutsche Bank | Hold | $82.00 to $87.00 |
2015-02-17 | Boost Price Target | Barclays | Equal Weight | $81.00 to $85.00 |
2014-12-17 | Reiterated Rating | Deutsche Bank | Hold | $78.00 to $82.00 |
2014-10-29 | Downgrade | Evercore ISI | Buy to Hold | $79.00 to $81.50 |
2014-10-27 | Reiterated Rating | Macquarie | Outperform | $79.00 to $81.00 |
2014-10-27 | Reiterated Rating | KeyBanc | Buy | $85.00 to $87.00 |
2014-08-07 | Upgrade | Evercore ISI | Neutral to Buy | $78.00 to $79.00 |
2014-05-12 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-04-28 | Boost Price Target | BMO Capital Markets | $73.00 to $79.00 | |
2014-04-28 | Boost Price Target | Evercore ISI | Neutral | $72.00 to $78.00 |
2014-04-24 | Reiterated Rating | Citigroup Inc. | Buy | $86.00 |
2014-04-23 | Reiterated Rating | Deutsche Bank | Hold | $78.00 |
2014-03-31 | Upgrade | KeyBanc | Hold to Buy | $83.00 |
2014-03-10 | Initiated Coverage | Credit Suisse | Outperform | |
2014-02-18 | Reiterated | UBS | Neutral | $70 to $74 |
2014-02-18 | Boost Price Target | Barclays | Equal Weight | $66.00 to $71.00 |
2014-02-18 | Reiterated Rating | Deutsche Bank | Hold | $72.00 |
2014-02-18 | Boost Price Target | Evercore ISI | $68.75 to $72.00 | |
2014-01-09 | Upgrade | Edward Jones | Hold to Buy | |
2014-01-06 | Lower Price Target | Barclays | Equal Weight | $72.00 to $66.00 |
2014-01-03 | Upgrade | Citigroup Inc. | Neutral to Buy | |
2013-12-11 | Reiterated Rating | Deutsche Bank | Hold | $71.00 to $72.00 |
2013-10-29 | Boost Price Target | Barclays | Equal Weight | $72.00 |
2013-10-28 | Upgrade | Wolfe Research | Market Perform to Outperform | |
2013-10-28 | Reiterated Rating | Deutsche Bank | Hold | $71.00 |
2013-09-25 | Initiated Coverage | Wells Fargo & Co. | Market Perform | |
2013-09-25 | Initiated Coverage | Wells Fargo | Market Perform | |
2012-07-23 | Downgrade | Argus | Buy to Hold | |
2011-06-24 | Initiated | Wunderlich | Hold | $52 |
2010-11-19 | Upgrade | Barclays Capital | Equal Weight to Overweight | $52 to $50 |
2016-07-02 | Reiterated Rating | KeyCorp | Outperform | $97.00 to $102.50 |
2016-06-22 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-19 | Reiterated Rating | Deutsche Bank | Hold | $90.00 |
2016-04-19 | Reiterated Rating | Deutsche Bank AG | Hold | $90.00 |
2016-04-07 | Reiterated Rating | Barclays | Overweight | $91.00 to $97.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In DTE 491 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 23.42M |
BlackRock Inc. | 18.21M |
Capital Research Global Investors | 17.46M |
STATE STREET CORP | 10.29M |
BlackRock Fund Advisors | 6.53M |
BlackRock Institutional Trust Company, N.A. | 5.13M |
PRICE T ROWE ASSOCIATES INC /MD/ | 4.43M |
Capital World Investors | 4.40M |
GEODE CAPITAL MANAGEMENT, LLC | 3.85M |
AMERIPRISE FINANCIAL INC | 2.80M |
Neuberger Berman Group LLC | 2.29M |
Invesco Ltd. | 2.18M |
Boston Partners | 1.97M |
FRANKLIN RESOURCES INC | 1.97M |
NORTHERN TRUST CORP | 1.93M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Norcia Gerardo Group President | 0.07% (132160) | DTE / |
ANDERSON GERARD M Chairman, President and CEO | 0.04% (74858) | ANDE / DTE / |
Kurmas Steven E Group President | 0.04% (67479) | DTE / |
Oleksiak Peter B Sr. Vice President | 0.03% (51714) | DTE / |
MEADOR DAVID E EVP/CFO | 0.02% (43890) | DTE / LDR / |
PETERSON BRUCE D SVP/General Counsel | 0.02% (35947) | DTE / |
Ruud David President Power and Industrial | 0.02% (31047) | DTE / |
Stiers Mark W President and COO - DTE Gas | 0.02% (30804) | DTE / |
Lauer Trevor F President and COO-DTE Electric | 0.01% (15789) | DTE / |
Jewell Jeffrey A VP, Controller and CAO | 0.01% (15428) | DTE / |
Slater David Pres DTE Gas Storage&Pipelines | 0.01% (14216) | DTE / |
Hillegonds Paul Christie Sr. VP/Corp Affairs & Comm. | 0.01% (13857) | DTE / |
Khouri Naif A. Sr. Vice President | 0.01% (13584) | DTE / |
England Donna M Chief Accounting Officer | 0.01% (9229) | DTE / |