Price: $109.4800
$1.00
0.922%
|
Day's High:
| $109.795
| Week Perf:
| -1.26 %
|
Day's Low: |
$ 108.19 |
30 Day Perf: |
1.59 % |
Volume (M): |
1,114 |
52 Wk High: |
$ 116.73 |
Volume (M$): |
$ 121,939 |
52 Wk Avg: |
$107.21 |
Open: |
$108.49 |
52 Wk Low: |
$90.20 |
|
|
Market Capitalization (Millions $) |
22,625 |
Shares
Outstanding (Millions) |
207 |
Employees |
10,300 |
Revenues (TTM) (Millions $) |
12,745 |
Net Income (TTM) (Millions $) |
1,397 |
Cash Flow (TTM) (Millions $) |
8 |
Capital Exp. (TTM) (Millions $) |
0 |
Dte Energy Co
In 1995, DTE Energy incorporated in the state of Michigan. Our regulated operations
consist primarily of Detroit Edison and MichCon. We also have numerous non-regulated
subsidiaries engaged in energy marketing and trading, energy services, and various
other electricity, coal and gas related businesses. DTE Energy is an exempt holding
company under the Public Utility Holding Company Act (PUHCA)'of 1935.
Power Generation comprises our regulated power generation business and plants
within Detroit Edison. These plants are regulated by numerous federal and state
governmental agencies, including the MPSC, the NRC and the EPA. Electricity
is generated from Detroit Edison's numerous fossil plants, its hydroelectric
pumped storage plant and its nuclear plant, and purchased from electricity generators,
suppliers and wholesalers. The electricity we produce and purchase is sold to
four major classes of customers: residential, commercial, industrial and wholesale,
principally throughout Michigan, the Midwest and Ontario, Canada.
Weather, economic factors and electricity prices affect sales levels to customers.
Our peak load and highest total system sales generally occur during the third
quarter of the year driven by air conditioning and other cooling-related demands.
Power generation sales are made to a diverse base of customers in both type
and number; sales levels are not dependent on any small market segment. However,
due to residential rate subsidization, less than 1% of the customers constitute
approximately 80% of the power generation margin. Additionally, business customers
who have elected to participate in the electric Customer Choice program are
having a significant unfavorable effect on our financial performance.
We purchase power from other electricity generators, suppliers and wholesalers.
These purchases supplement our generation capability to meet customer demand
during peak cycles. For example, when high temperatures occur during the summer
we require additional electricity to meet demand. This access to additional
power is an efficient and economical way to meet our obligation to customers
without increasing capital expenditures to build additional base-load power
facilities.
We continue to strive to be the preferred electricity supplier in southeast
Michigan. We believe that we can accomplish our goal by working with our customers,
communities and regulatory agencies to be a reliable low cost supplier of electricity.
To control expenses, we optimize our fuel blends thereby taking maximum advantage
of low cost, environmentally friendly low-sulfur western coals. To ensure generation
reliability we will continue to make investments in our generating plants that
will improve plant availability and improve operating efficiencies.
Company Address: One Energy Plaza Detroit 48226 MI
Company Phone Number: 235-4000 Stock Exchange / Ticker: NYSE DTE
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Customers Net Income fell by |
DTE's Customers Net Profit Margin fell to |
-25.09 % |
10.4 %
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Stock Performances by Major Competitors |
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Dte Energy Co
DTE Energy Co, a prominent electric utilities company based in Detroit, Michigan, has recently announced significant financial results for the October to December 31, 2023 time-frame. The company reported a notable income elevation of 46.51% to $1.92 per share, despite a fading revenue of -24.173% to $3.39 billion compared to the previous year. This increase in earnings is a positive sign for investors and showcases the company's ability to generate profit even amidst challenging market conditions. In contrast to the revenue decline, DTE Energy Co's earnings per share (EPS) improved by 19.38% from $1.61 per share in the same time-frame a year ago. Earnings of $419.000 million for the October to December 31, 2023 period increased by a significant 58.11% from net earnings of $265.000 million reported in the same period a year before. These financial results indicate that the company is effectively managing its operations and growing its bottom line.
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Announcement
Published Thu, Feb 1 2024 9:16 PM UTC
The continuity of historical dividend issuance is a significant marker of a company's financial durability. DTE Energy, with an impressive streak of over a hundred years, is a shining testimony to this fact. This landmark achievement further attests the company's steadfast commitment to maximizing shareholder value. Even amidst an economically challenging climate, DTE Energy...
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Dte Energy Co
DTE Energy Co, a leading electric utility company, has experienced a decline in its stock performance over the last five trading days. The company's shares have dropped by -1.77%, bringing the year-to-date performance to -18.03%. However, it is worth noting that DTE Energy Co shares are still trading 7.1% above their 52-week low. The company recently released its financial results for the fiscal third quarter of 2023. In terms of income, DTE Energy Co saw a decrease of -19.1% to $1.61 per share, compared to $1.99 per share in the same period last year. However, the company's earnings per share (EPS) showed significant growth, soaring by 65.98% from $0.97 per share in the preceding financial reporting period.
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Dte Energy Co
DTE Energy Co, a prominent player in the Electric Utilities industry, has disclosed its financial results for the three-month period ending June 30, 2023. The report reveals a significant increase in income, despite experiencing a decline in revenue. This article aims to interpret the financial results and put them into context in light of the company's recent stock performance. Financial Results: In the second quarter of 2023, DTE Energy Co witnessed an impressive income growth rate of 410.53%, with earnings per share reaching $0.97. However, this surge came alongside a rapid decline in revenue, which plummeted by -45.491% to $2.68 billion compared to the same quarter in the previous year.
|
Per Share |
Current |
Earnings (TTM) |
6.66 $ |
Revenues (TTM) |
61.67 $
|
Cash Flow (TTM) |
0.04 $ |
Cash |
0.25 $
|
Book Value |
53.49 $
|
Dividend (TTM) |
3.65 $ |
|
Per Share |
|
Earnings (TTM) |
6.66 $
|
Revenues (TTM) |
61.67 $ |
Cash Flow (TTM) |
0.04 $ |
Cash |
0.25 $
|
Book Value |
53.49 $ |
Dividend (TTM) |
3.65 $ |
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Electric Utility |
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Segment |
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of total Revenue |
Gas Utility |
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Segment |
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of total Revenue |
Nonutility |
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Segment |
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of total Revenue |
Reconciliation & Eliminations |
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Segment |
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of total Revenue |
Energy Trading |
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Segment |
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of total Revenue |
Power and Industrial Projects |
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Segment |
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of total Revenue |
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Dte Energy Co's Operating Statistics
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Decrease / Increase
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Residential Electric Sales (GWh) |
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Commercial Electric Sales (GWh) |
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Industrial Electric Sales (GWh) |
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Other Electric Sales (GWh) |
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Interconnection Electric Sales (GWh) |
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Choice Electric Sales (GWh) |
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Total Electric Sales (GWh) |
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Residential Electric Revenue (millions $) |
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Commercial Electric Revenue (millions $) |
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Industrial Electric Revenue (millions $) |
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Other Electric Revenue (millions $) |
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Interconnection Electric Revenue (millions $) |
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Choice Electric Revenue (millions $) |
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Total Electric Revenue (millions $) |
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Residential Gas Sales (MMcf) |
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Commercial Gas Sales (MMcf) |
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Industrial Gas Sales (MMcf) |
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Transportation Gas Sales (MMcf) |
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Total Gas Sales (MMcf) |
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Residential Gas Revenue (millions $) |
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Commercial Gas Revenue (millions $) |
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Industrial Gas Revenue (millions $) |
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Transportation Gas Revenue (millions $) |
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Total Gas Revenue (millions $) |
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