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Last $80.46 USD
Change Today +0.91 / 1.14%
Volume 881.8K
DTE On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

dte energy company (DTE) Snapshot

Open
$79.91
Previous Close
$79.55
Day High
$81.27
Day Low
$79.91
52 Week High
01/28/15 - $92.27
52 Week Low
08/6/14 - $71.60
Market Cap
14.4B
Average Volume 10 Days
1.1M
EPS TTM
$4.87
Shares Outstanding
179.3M
EX-Date
09/17/15
P/E TM
16.5x
Dividend
$2.92
Dividend Yield
3.43%
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 Company Declares Quarterly Dividend on Common Stock Payable October 15, 2015

The DTE Energy Board of Directors declared a $0.73 per share dividend on its common stock payable October 15, 2015, to shareholders of record at the close of business September 21, 2015. This is a $0.04 per share, or 5.8%, increase from the previous quarterly dividend of $0.69 per share and reflects the Board's and management's confidence in DTE's long-range growth plan. The new annualized dividend is $2.92.

DTE Energy to Install Detroit's First Solar Energy Trash Compactors

DTE Energy will install smart, solar-powered trash compactor and recycling units in its downtown Detroit neighborhood to help make the city cleaner and greener. The Bigbelly units, the first solar-generated compactors in the city of Detroit, are expected to arrive this summer. DTE will install seven of the units which collect and compact trash on site and also gather aluminum and plastic containers for recycling. The pilot program supports the company's Energize Detroit neighborhood revitalization initiative while helping to protect the environment. Waste Management of Michigan Inc. will install and maintain the units for DTE Energy. The compactors eliminate trash overflow which helps beautify the neighborhood and keeps pests away. The solar panel on the unit extracts energy from the sun to continuously charge the battery powering the system. When the unit needs to be emptied the smart system sends a signal via its CLEAN management software to Waste Management of Michigan. The system dramatically reduces trash collections and vehicle carbon emissions. DTE Energy will set up the units at the Third Street bus stop area across from the MGM Grand Detroit, the Navitas House office building at Bagley Avenue and Third Street and in the company's food truck area near its entrance. The company also will install four units inside its headquarters complex. These systems will use electricity as the backup to solar energy.

DTE Energy Receives Approval from the Nuclear Regulatory Commission to Construct and Operate New Nuclear Unit

DTE Energy has received approval from the Nuclear Regulatory Commission to construct and operate a new nuclear unit. Approval of the carbon-free power unit increases DTE’s fleet diversity options as new regulatory measures transform the U.S. electricity market. Black & Veatch assisted DTE throughout its license approval process. The NRC approval grants DTE the capability to potentially build a new nuclear unit at the existing Fermi Unit 2 nuclear power plant site. It is just the fifth new U.S. reactor to complete NRC’s combined license process. DTE has not committed to building the new plant, but will keep the option open for long-term planning purposes. Fermi 2 is capable of producing enough electricity to serve a city of about one million people. It is near Newport, Michigan. Black & Veatch support for DTE included safety analyses, system descriptions and environmental impact studies supporting the application of the COL. Most recently, the company assisted DTE during the NRC license review by providing technical and safety analyses.

 

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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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