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Last $82.81 USD
Change Today -0.01 / -0.01%
Volume 1.4M
DTE On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

dte energy company (DTE) Snapshot

Open
$81.93
Previous Close
$82.82
Day High
$83.66
Day Low
$80.67
52 Week High
01/28/15 - $92.27
52 Week Low
08/6/14 - $71.60
Market Cap
14.9B
Average Volume 10 Days
958.4K
EPS TTM
$4.87
Shares Outstanding
179.3M
EX-Date
03/12/15
P/E TM
17.0x
Dividend
$2.76
Dividend Yield
3.29%
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 Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for 2015

DTE Energy Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of $2,984 million, operating income of $461 million, income before income taxes of $396 million and net income attributable to company of $273 million or $1.53 per basic and diluted share compared to operating revenues of $3,930 million, operating income of $560 million, income before income taxes of $485 million and net income attributable to company of $326 million or $1.84 per basic and diluted share a year ago. Cash from operations in the first quarter is $800 million, which is up from the first quarter last year. Capital spending is also higher in the first quarter due to increased investments at the electric utility, partially offset by lower capital spending at the non-utility businesses. The company reiterated its 2015 operating earnings per share guidance of $4.48 to $4.72.

DTE Energy Company and DTE Gas Company Enter into Third Amended and Restated Five-Year Unsecured Revolving Credit Agreement

On April 16, 2015, DTE Energy Company entered into a third amended and restated five-year unsecured revolving credit agreement by and among DTE Energy, the lenders party thereto, Citibank, N.A., as Administrative Agent, and Barclays Bank PLC, The Bank of Nova Scotia and JPMorgan Chase Bank, N.A. as Co-Syndication Agents. DTE Energy's aggregate availability under the five-year facility is $1,200,000,000. Borrowings under the five-year facility will be available at prevailing short-term interest rates. The five-year facility will also support DTE Energy's commercial paper borrowings. The five-year facility expires in April 2020. On April 16, 2015, DTE Gas Company, a wholly-owned subsidiary of DTE Energy entered into a third amended and restated five-year unsecured revolving credit agreement by and among DTE Gas, the lenders party thereto, JPMorgan, as Administrative Agent, and Barclays, Citibank and Bank of America, N.A. as Co-Syndication Agents. DTE Gas' aggregate availability under the five-year facility is $300,000,000. Borrowings under the five-year facility will be available at prevailing short-term interest rates. The five-year facility will also support DTE Gas' commercial paper borrowings. The five-year facility expires in April 2020. Effective April 16, 2015, DTE Energy terminated the Second Amended and Restated Five-Year Credit Agreement dated as of April 5, 2013 by and among DTE Energy, the lenders party thereto and Citibank as Administrative Agent. DTE Energy terminated these credit facilities because they have been replaced with the new DTE Energy five-year credit facility, dated as of April 16, 2015. Effective April 16, 2015, DTE Gas terminated the Second Amended and Restated Five-Year Credit Agreement dated as of April 5, 2013, by and among DTE Gas the lenders party thereto and JP Morgan, as Administrative Agent. DTE Gas terminated these credit facilities because they have been replaced with the new DTE Gas five-year credit facility, dated as of April 16, 2015.

DTE Energy Company to Report Q1, 2015 Results on Apr 24, 2015

DTE Energy Company announced that they will report Q1, 2015 results at 9:00 AM, Eastern Daylight on Apr 24, 2015

 

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Industry Analysis

DTE

Industry Average

Valuation DTE Industry Range
Price/Earnings 17.2x
Price/Sales 1.3x
Price/Book -- Not Meaningful
Price/Cash Flow 7.7x
TEV/Sales -- Not Meaningful
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