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Last $78.83 USD
Change Today -0.14 / -0.18%
Volume 1.0M
DTE On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

dte energy company (DTE) Snapshot

Open
$78.94
Previous Close
$78.97
Day High
$79.13
Day Low
$77.74
52 Week High
01/28/15 - $92.27
52 Week Low
06/16/15 - $73.23
Market Cap
14.1B
Average Volume 10 Days
1.4M
EPS TTM
$4.87
Shares Outstanding
179.3M
EX-Date
09/17/15
P/E TM
16.2x
Dividend
$2.92
Dividend Yield
3.50%
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 Builds Solar Array in Ypsilanti

DTE Energy plans to expand its solar power portfolio by installing an array in the city of Ypsilanti near Clark Road and River Street. The company has signed an easement agreement with the property owner and will move forward with system design. DTE Energy hopes to obtain city approvals and construct the facility by summer 2016. The new facility will comprise about 2,800 solar panels and have capacity to generate approximately 800 kilowatts of electricity enough to power around 150 homes. DTE Energy will construct, operate and maintain the solar system for 20 years. The project is part of DTE Energy SolarCurrents, a pilot program launched in 2009. DTE Energy has installed nearly 10 megawatts of solar energy across 22 sites in Southeastern Michigan including projects at Ford Motor Co. headquarters in Dearborn and Monroe Community College in Monroe. The company also is constructing a 1.1-megawatt array at Domino's Farms near Ann Arbor and a 750-kilowatt installation in Romulus. In addition, several other solar energy projects are in development.

DTE Energy's Stoneman Station Biomass Plant to Shut Down by the End of 2015

Twenty-seven employees at DTE Energy's Stoneman Station biomass plant were informed that the plant will shut down by the end of 2015. The DTE plant burns wood waste from many sources to produce up to 40 megawatts of electricity per day, which is enough to serve nearly 30,000 homes. This energy is purchased by Wisconsin-based Dairyland Power Cooperative.

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.

 

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Industry Analysis

DTE

Industry Average

Valuation DTE Industry Range
Price/Earnings 16.8x
Price/Sales 1.3x
Price/Book 1.7x
Price/Cash Flow 7.7x
TEV/Sales 0.4x
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