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DTE Energy Company (DTE)

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129.99 +1.76 (+1.37%)
At close: 23 October at 4:00 pm GMT-4
130.10 +0.11 (+0.08%)
Pre-market: 8:59 am GMT-4
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DELL
  • Previous close 128.23
  • Open 128.04
  • Bid 125.60 x 900
  • Ask 130.10 x 900
  • Day's range 127.85 - 130.04
  • 52-week range 92.58 - 130.04
  • Volume 1,050,117
  • Avg. Volume 1,015,173
  • Market cap (intra-day) 26.911B
  • Beta (5Y monthly) 0.68
  • PE ratio (TTM) 19.43
  • EPS (TTM) 6.69
  • Earnings date 24 Oct 2024
  • Forward dividend & yield 4.08 (3.14%)
  • Ex-dividend date 16 Sept 2024
  • 1y target est 133.77

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates distribution substations and line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to various residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as air supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan.

www.dteenergy.com

9,510

Full-time employees

31 December

Fiscal year ends

Utilities

Sector

Utilities - Regulated Electric

Industry

More about DTE Energy Company

Recent news: DTE

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Related videos: DTE

Two factors setting up utilities to outperform in 2025

The surge in artificial intelligence has sparked a growing appetite for energy and power, creating a bullish environment for utilities (XLU). This trend has propelled the sector to outshine the broader market, prompting Evercore ISI to upgrade the utilities sector from In Line to Outperform. Evercore ISI managing director Durgesh Chopra, who covers Power and Utilities, joins Morning Brief to shed light on why he foresees continued growth in the sector. Chopra points to two key factors driving the potential outperformance of regulated traditional utilities. First, their current valuations are attractive, trading at a 20% discount. Second, the sector benefits from improving fundamentals, including lower interest rates, easing inflation, and increasing electricity demand. These elements combine to create what Chopra describes as "a great setup for utilities" as markets approach 2025. Addressing the potential impact of the upcoming election on the utility sector, Chopra notes while utilities have historically thrived under Democratic leadership, the sector's current focus on reducing carbon emissions has shifted the dynamics. This transition is more closely tied to economic development rather than politics. "Whether it's Donald Trump or Kamala Harris, I think the policy backdrop is going to be very supportive," Chopra states. As of late, Big Tech has been leaning into and making deals with nuclear energy developers to power their AI data centers, including Amazon (AMZN), Microsoft (MSFT), and Alphabet's Google (GOOG, GOOGL). Kairos Power Co-Founder and CEO Mike Laufer sat down with Yahoo Finance earlier this week to elaborate on the energy startup's nuclear agreement with Google. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
Yahoo Finance Video · 6 days ago
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Performance overview: DTE

Trailing total returns as of 23/10/2024, which may include dividends or other distributions. Benchmark is

.

YTD return

DTE
21.08%
S&P 500
21.54%

1-year return

DTE
39.39%
S&P 500
37.24%

3-year return

DTE
23.67%
S&P 500
27.56%

5-year return

DTE
40.21%
S&P 500
93.51%

Compare to: DTE

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Statistics: DTE

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Valuation measures

As of 23/10/2024

  • Market cap

    26.91B

  • Enterprise value

    49.04B

  • Trailing P/E

    19.43

  • Forward P/E

    18.12

  • PEG ratio (5-yr expected)

    3.55

  • Price/sales (ttm)

    2.17

  • Price/book (mrq)

    2.42

  • Enterprise value/revenue

    3.96

  • Enterprise value/EBITDA

    12.07

Financial highlights

Profitability and income statement

  • Profit margin

    11.18%

  • Return on assets (ttm)

    3.07%

  • Return on equity (ttm)

    12.84%

  • Revenue (ttm)

    12.4B

  • Net income avi to common (ttm)

    1.38B

  • Diluted EPS (ttm)

    6.69

Balance sheet and cash flow

  • Total cash (mrq)

    1.08B

  • Total debt/equity (mrq)

    208.89%

  • Levered free cash flow (ttm)

    -1.42B

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Research analysis: DTE

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Earnings per share

Consensus EPS
 

Revenue vs. Earnings

Revenue 2.88B
Earnings 322M
 

Analyst recommendations

  • Strong buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analysts' price targets

122.00 Low
133.77 Average
129.99 Current
142.00 High
 
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