Detroit, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The DTE Energy Foundation announced today the winners of its first Community Transformation Grant Program, awarding $310,000 to 12 non-profit organizations across Michigan. This new initiative expands one of the Foundation’s core pillars of giving - Community Transformation. Since the program’s launch in March, the DTE Foundation has more than doubled its initial grant from $150,000 to address the overwhelming need for support, as demonstrated by the substantial nu ...

DTE Energy Company (DTE) recently announced its plans to invest over $100 million to build three new electric substations, along with installing new poles, power lines and electric equipment, in Michigan. This is part of the company’s broader grid investment strategy involves reducing its power outages by 30% and lowering restoration time by 50% by 2029.Smart grid technology will be incorporated in all the new substations, allowing DTE Energy to monitor the grid from its headquarters, and facilitating to re ...

Detroit, Nov. 18, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced the construction of three new electric substations as part of the company’s ongoing commitment to reducing power outage frequency by 30% while cutting outage time in half by 2029. The new substations will be in Northville Township, Pontiac and Shelby Township and represent a total investment of more than $100 million. "We're not just building for today — we're building the grid of the future to meet the evolving needs of our ...

DTE Energy (DTE) has been beaten down lately with too much selling pressure. While the stock has lost 5.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that mea ...

DETROIT, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Forecasts for the coming winter suggest temperatures may not dip as low as in recent years, but energy use is still expected to increase as it does each winter. DTE Energy is reaching out to customers to share tips on managing use and getting assistance if they’re having trouble paying bills. This effort comes just after DTE earned the top score in Customer Satisfaction with Business Natural Gas Service in the Midwest* in the J.D. Power 2024 U.S. Gas Utility Busine ...

Exhibit 99.1 DTE Energy reports third quarter 2024 accomplishments, earnings and investments in improving energy infrastructure • Continued on path to improving electric reliability through investments in smart grid technology and new substations • Began construction of three new solar parks, all funded by company's voluntary MIGreenPower program • Installed nearly 1,000 free air conditioners for people in need in metro Detroit • Published 2023 CleanVision Sustainability Report • Recognized for initiatives ...

Detroit, Oct. 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE), Michigan's largest producer of and investor in renewable energy, today announced that its largest solar park, Sauk Solar, is now operational. Located in central Michigan's Branch County, the 150-megawatt solar park has nearly 347,000 solar panels and generates enough clean energy to power approximately 40,000 homes. Sauk Solar is more than three times the size of DTE's second largest solar park in Lapeer. It is also the first of six new solar ...

DTE Energy Company (NYSE:DTE) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Matt Krupinski - Director, IR Gerardo Norcia - Chairman and CEO Joi Harris - President and COO David Ruud - EVP and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI Jeremy Tonet - JPMorgan Nick Campanella - Barclays David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Paul Fremont - Ladenburg Bill Appice ...

For the quarter ended September 2024, DTE Energy (DTE) reported revenue of $-999 million, down 134.6% over the same period last year. EPS came in at $2.22, compared to $1.44 in the year-ago quarter. ...

DTE Energy Company (DTE) reported third-quarter 2024 operating earnings per share (EPS) of $2.22, which beat the Zacks Consensus Estimate of $1.87 by 18.7%. The bottom line also improved a solid 54.2% from the year-ago reported figure of $1.44. The company reported GAAP earnings of $2.30 per share compared with $1.61 in the prior-year quarter. Highlights of the Release The operating net income in the quarter was $460 million compared with $298 million in the year-ago period. Segmental Details Utility Operat ...