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DTE Energy supports vulnerable customers during historic heat dome with $800,000 donation to United Way for Southeastern Michigan
Prnewswire· 2025-07-28 16:53
Core Insights - DTE Energy is donating $800,000 to United Way for Southeastern Michigan to assist residents facing financial hardships due to extreme summer weather [1][2] - The need for energy assistance has surged by 72% compared to the previous program year, highlighting a significant funding shortfall [2] - The Michigan Energy Assistance Program (MEAP) has expanded its funding and eligibility criteria, with new funding available starting October 1 [3] Company Contributions - DTE Energy's long-standing partnership with United Way has been crucial in providing support to Michigan families, especially during summer months when energy costs rise [4] - The donation is expected to assist approximately 6,400 customers in the current program year, addressing immediate needs while connecting families to long-term support programs [4][5] - Over the past five years, DTE has facilitated over $660 million in financial aid to customers, demonstrating its commitment to helping vulnerable populations [5] Industry Context - The recent legislative changes in Michigan aim to increase funding for energy assistance and reduce barriers to access, benefiting more low-income families [3][5] - DTE Energy serves 2.3 million electric customers and 1.3 million natural gas customers in Michigan, positioning it as a key player in the state's energy landscape [7] - The company is actively pursuing carbon reduction goals and engaging in community initiatives to enhance economic progress and support vulnerable populations [8]
DTE Energy (DTE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-07-22 15:07
DTE Energy (DTE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On th ...
DTE Energy schedules second quarter 2025 earnings release, conference call
Prnewswire· 2025-07-15 14:00
DETROIT, July 15, 2025 /PRNewswire/ -- DTE Energy (NYSE:DTE) will announce its second quarter 2025 earnings before the market opens Tuesday, July 29, 2025. About DTE Energy DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. T ...
DTE Energy (DTE) Could Be a Great Choice
ZACKS· 2025-07-09 16:45
Company Overview - DTE Energy is based in Detroit and operates in the Utilities sector, with a year-to-date share price change of 7.88% [3] - The company currently pays a dividend of $1.09 per share, resulting in a dividend yield of 3.35%, which is higher than the Utility - Electric Power industry's yield of 3.3% and the S&P 500's yield of 1.53% [3] Dividend Performance - DTE Energy's annualized dividend of $4.36 has increased by 5.1% from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 1.80% [4] - The current payout ratio is 60%, indicating that the company distributes 60% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for DTE Energy's earnings in 2025 is $7.21 per share, reflecting an expected increase of 5.56% from the previous year [5] - The company is viewed as a strong dividend investment opportunity, particularly due to its solid earnings growth prospects [6] Investment Considerations - DTE Energy is considered a compelling investment option for income investors, especially given its strong dividend profile and current Zacks Rank of 3 (Hold) [6]
DTE Energy: Attractively Valued Amidst A Data Center Boom
Seeking Alpha· 2025-07-06 20:00
Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The current market is experiencing a phase of greed, which may lead investors to be cautious as per Warren Buffett's advice [2] - The article emphasizes the importance of due diligence and personal judgment in investment decisions [3] Group 2 - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment advice is provided [4]
Will DTE Energy (DTE) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-07-03 17:11
Core Insights - DTE Energy has consistently surpassed earnings estimates, making it a strong candidate for potential investment opportunities in the utility sector [1][2]. Earnings Performance - In the last reported quarter, DTE Energy achieved earnings of $2.1 per share, exceeding the Zacks Consensus Estimate of $1.98 per share by 6.06% [2]. - In the previous quarter, the company reported earnings of $1.51 per share against an expected $1.46 per share, resulting in a surprise of 3.42% [2]. Earnings Estimates and Predictions - Recent estimates for DTE Energy have been increasing, with a positive Earnings ESP of +3.14%, indicating bullish sentiment among analysts regarding its near-term earnings potential [5][8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [5][8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].
DTE Energy Board of Directors elects Joi Harris as CEO; Jerry Norcia elected Executive Board Chairman
Prnewswire· 2025-06-23 20:30
Harris's 34-year track record of proven leadership at DTE and strong working relationship with Norcia to ensure a smooth, successful transition DETROIT, June 23, 2025 /PRNewswire/ -- DTE Energy President and Chief Operating Officer Joi Harris will be named President and Chief Executive Officer of the company on Sept. 8, 2025, succeeding Jerry Norcia, Chairman and CEO, who will transition to serve as Executive Chairman of the Board.The DTE Energy Board of Directors unanimously elected Harris to the post of C ...
DTE Energy Rides on Clean Energy Focus and Smart Investments
ZACKS· 2025-06-16 13:20
Core Viewpoint - DTE Energy Company is focused on long-term capital expenditure plans to enhance its infrastructure and expand its renewable generation portfolio, but it faces financial challenges and risks in its energy trading business [1][5][6]. Group 1: Capital Expenditure and Growth Plans - DTE Energy plans to invest a total of $30 billion over the next five years, which is a 20% increase from its previous investment plan, aimed at achieving a long-term operating earnings growth rate of 6-8% [2][8]. - The company is also expanding its non-utility operations, with DTE Vantage planning to invest between $1.5 billion and $2 billion in renewable energy and tailored energy solutions from 2025 to 2029 [3]. - DTE Electric has operationalized 2,300 megawatts (MW) of renewable energy as of March 31, 2025, and plans to invest $10 billion in the clean energy transition over the next decade, with a goal to add more than 1,000 MW of new clean energy projects by 2026 [4][8]. Group 2: Financial Position and Risks - As of March 31, 2025, DTE Energy's cash and cash equivalents totaled $0.09 billion, while its long-term debt was $21.77 billion, indicating a weak financial position [5]. - The company anticipates ongoing challenges in its Energy Trading business due to fluctuations in commodity prices and regulatory changes, which may impact profitability [6]. Group 3: Stock Performance - DTE Energy's stock has increased by 12% over the past six months, outperforming the industry growth of 7.1% during the same period [7][8].
DTE Energy completes its third new solar park of 2025, while partnering with communities to drive economic development in local townships
Prnewswire· 2025-06-11 16:53
Core Insights - DTE Energy has completed the construction of the Polaris Solar Park, a 100-megawatt facility that will provide clean energy to over 23,000 homes in Michigan [1] - The project is part of DTE's broader commitment to renewable energy, which has created approximately 20,000 jobs in Michigan since 2009 [2] - The Polaris Solar Park will generate significant tax revenue for local communities, enhancing funding for essential services [2][3] - DTE aims to power the equivalent of nearly 6 million homes with renewable energy by 2042, with current projects enabling the company to power over 800,000 homes in 2025 [4] Company Overview - DTE Energy is a diversified energy company based in Detroit, serving 2.3 million electric customers and 1.3 million natural gas customers in Michigan [5] - The company is focused on renewable energy generation, custom energy solutions, and has set aggressive carbon reduction goals [5]
Why DTE Energy (DTE) is a Great Dividend Stock Right Now
ZACKS· 2025-06-06 16:46
Company Overview - DTE Energy is headquartered in Detroit and operates in the Utilities sector, specifically in Electric Power [3] - The company's stock has experienced a price change of 9.9% year-to-date [3] Dividend Information - DTE Energy currently pays a dividend of $1.09 per share, resulting in a dividend yield of 3.29%, which is higher than the Utility - Electric Power industry's yield of 3.25% and the S&P 500's yield of 1.56% [3] - The annualized dividend of DTE Energy is $4.36, reflecting a 5.1% increase from the previous year [4] - Over the last 5 years, DTE Energy has increased its dividend 4 times year-over-year, with an average annual increase of 1.01% [4] - The current payout ratio for DTE Energy is 60%, indicating that the company pays out 60% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - DTE Energy is expected to see earnings growth in the current fiscal year, with the Zacks Consensus Estimate for 2025 at $7.24 per share, representing a year-over-year growth rate of 6% [5] Investment Considerations - DTE Energy is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]