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Last $79.38 USD
Change Today -0.98 / -1.22%
Volume 385.8K
DTE On Other Exchanges
Symbol
Exchange
New York
Munich
As of 10:56 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

dte energy company (DTE) Snapshot

Open
$80.07
Previous Close
$80.36
Day High
$80.30
Day Low
$79.03
52 Week High
01/28/15 - $92.27
52 Week Low
08/6/14 - $71.60
Market Cap
14.2B
Average Volume 10 Days
1.1M
EPS TTM
$4.87
Shares Outstanding
179.3M
EX-Date
09/17/15
P/E TM
16.3x
Dividend
$2.92
Dividend Yield
3.49%
Current Stock Chart for DTE ENERGY COMPANY (DTE)

dte energy company (DTE) Related Businessweek News

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dte energy company (DTE) Details

DTE Energy Company operates in the utility operations. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 675 distribution substations; and approximately 432,900 line transformers. Its Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas to approximately 1.2 million residential, commercial, and industrial customers in Michigan, as well as in the sale of storage and transportation capacity. This segment has approximately 19,000 miles of distribution mains, 1,162,000 service pipelines, and 1,313,000 active meters; and owns approximately 2,000 miles of transmission pipelines. The company’s Gas Storage and Pipelines segment controls two natural gas storage fields, and intrastate lateral and intrastate gathering pipeline systems, as well as has ownership interests in two interstate pipelines serving the Midwest, Ontario, and northeast markets. Its Power and Industrial Projects segment provides metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power generation, steam production, chilled water production, wastewater treatment, and compressed air supply to industrial customers. It also owns and operates 5 renewable generating plants with a capacity of 228 MWs; and 9 reduced emissions fuel facilities. The company’s Energy Trading segment focuses on physical and financial power, gas, and coal marketing and trading; structured transactions; and optimization of contracted natural gas pipeline transportation and storage, and generating capacity positions. DTE Energy Company was founded in 1995 and is based in Detroit, Michigan.

10,000 Employees
Last Reported Date: 02/13/15
Founded in 1995

dte energy company (DTE) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $623.1K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $435.4K
Group President, President of DTE Electric & ...
Total Annual Compensation: $583.7K
Vice Chairman, Chief Administrative Officer a...
Total Annual Compensation: $659.1K
Compensation as of Fiscal Year 2014.

dte energy company (DTE) Key Developments

DTE Energy Begins Construction on Solar Array in Romulus

DTE Energy has begun construction of an array in Romulus that will operate by the end of the year. The new facility on Citrin Drive near I-94 and Middlebelt Road will comprise more than 2,700 solar panels on property owned by the Morton Terminal Land Holdings, LLC. The solar installation will have capacity to generate 750 kilowatts of electricity enough to power 125 homes. DTE Energy will construct, operate and maintain the solar array for 20 years. Dimitry added that projects such as the Romulus facility have helped DTE Energy meet a state mandate requiring electric utilities to supply 10% of their electricity from renewable energy sources by 2015.

DTE Energy Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for 2015

DTE Energy Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $2,268 million compared to $2,698 million a year ago. Operating income was $204 million compared to $249 million a year ago. Income before income taxes was $131 million compared to $176 million a year ago. Net income attributable to company was $109 million or $0.61 per diluted share compared to $124 million or $0.70 per diluted share a year ago. Operating earnings were $137 million or $0.76 per diluted share compared to $128 million or $0.73 per diluted share a year ago. This is primarily due to increased cost associated with rate base growth and unfavorable weather, partially offset by lower O&M. The gas segment was lower by $3 million, driven by unfavorable weather in the second quarter of 2015. For six months, the company reported operating revenues of $5,252 million compared to $6,628 million a year ago. Operating income was $665 million compared to $809 million a year ago. Income before income taxes was $527 million compared to $661 million a year ago. Net income attributable to company was $382 million or $2.13 per diluted share compared to $450 million or $2.54 per diluted share a year ago. Cash from operations was $1.2 billion compared to $1.1 billion a year ago. Capital expenditure was $1,168 million compared to $1,086 million a year ago. Operating earnings were $431 million or $2.41 per diluted share compared to $428 million or $2.42 per diluted share a year ago. The company raised its 2015 operating earnings per share guidance to $4.54 to $4.90 from $4.48 to $4.72. The company expects cash flow from operations of $1.7 billion and capital expenditure in the range of $2,500 million to $2,600 million. EPS guidance range for its growth segments is now $4.54 to $4.78. Its guidance increase is driven by strong start of the year in its Gas Storage & Pipeline segment with increased pipeline and gathering earnings. 2015 operating earnings guidance for this segment has increased from a range of $80 million to $88 million to a range of $90 million to $98 million. The majority of this increase is due to strong underlying performance in the business. And therefore, it expects a majority of this favorability to flow into 2016. For Energy Trading business, it has raised its earnings guidance to a range of 0 to $20 million for 2015.

DTE Energy Company Unveils Rail Line Extension Project in Trenton, Michigan

DTE Energy Company has unveiled a project to extend a rail line in its rail yard at West Jefferson and Van Horn, which is reportedly designed to improve safety and traffic flow for motorists in Trenton, Michigan. The rail yard holds trains delivering coal to DTE Energy's Trenton Channel Power Plant. The project is expected to begin in mid-July. The extension of the track will allow longer trains to be held in the yard, eliminating about 12 train shipments over the course of the year. This will reduce the number of times drivers will have to wait at railroad crossings as fewer trains will move through the city.

 

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Industry Analysis

DTE

Industry Average

Valuation DTE Industry Range
Price/Earnings 17.1x
Price/Sales 1.3x
Price/Book 1.7x
Price/Cash Flow 7.8x
TEV/Sales 0.4x
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