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 ...

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].

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]

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]

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Company Overview - DTE Energy is one of 106 companies in the Utilities group, which currently ranks 2 within the Zacks Sector Rank [2] - DTE Energy has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] Performance Metrics - DTE Energy has returned approximately 13.6% year-to-date, outperforming the average return of 8.1% for Utilities companies [4] - The Zacks Consensus Estimate for DTE's full-year earnings has increased by 0.6% over the past three months, reflecting improved analyst sentiment [3] Industry Context - DTE Energy is part of the Utility - Electric Power industry, which includes 60 stocks and currently ranks 72 in the Zacks Industry Rank [6] - The average return for the Utility - Electric Power industry so far this year is 8.1%, indicating that DTE is performing better than its industry peers [6] Competitive Landscape - National Grid (NGG) is another Utilities stock that has outperformed the sector with a year-to-date return of 25.7% [4] - National Grid also holds a Zacks Rank of 2 (Buy), with a consensus EPS estimate increase of 2.9% over the past three months [5]

Company Overview - DTE Energy is headquartered in Detroit and operates in the Utilities sector [3] - The stock has experienced a price change of 14.61% since the beginning of the year [3] Dividend Information - DTE Energy currently pays a dividend of $1.09 per share, resulting in a dividend yield of 3.15% [3] - The company's annualized dividend of $4.36 has increased by 5.1% from the previous year [4] - Over the last five years, DTE Energy has raised its dividend four times, averaging an annual increase of 1.01% [4] - The current payout ratio is 60%, indicating that 60% of its trailing 12-month earnings per share (EPS) is distributed as dividends [4] Earnings Growth - The Zacks Consensus Estimate for DTE Energy's earnings in 2025 is $7.24 per share, reflecting a year-over-year growth rate of 6% [5] Investment Appeal - DTE Energy is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various resources [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score emphasizes finding undervalued stocks using financial ratios [3] - Growth Score focuses on a company's financial health and future growth potential [4] - Momentum Score capitalizes on existing trends in stock prices and earnings [5] - VGM Score combines all three styles to provide a comprehensive assessment of stocks [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in portfolio building [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [8] - There are over 800 stocks rated 1 or 2, making it essential to utilize Style Scores for optimal stock selection [9] Stock Highlight: DTE Energy - DTE Energy, based in Detroit, is a diversified energy company with a Zacks Rank of 2 (Buy) and a VGM Score of B [11] - The company is projected to have a year-over-year earnings growth of 6% for the current fiscal year, supported by upward revisions from analysts [12] - DTE's earnings consensus estimate has increased by $0.02 to $7.24 per share, with an average earnings surprise of 11.8% [12]

Core Viewpoint - DTE Energy Corp. is positioned as a strong investment option in the Zacks Utility Electric Power industry due to its disciplined capital spending program, growth prospects, and low debt levels [1] Growth Forecast & Performance - The Zacks Consensus Estimate for DTE's 2025 earnings per share (EPS) has increased by 0.1%, while the 2026 EPS estimate has risen by 0.3% over the past 30 days [2] - Total revenue estimates for DTE are projected at $13.18 billion for 2025, indicating a growth of 5.8% from 2024, and $14.03 billion for 2026, suggesting a year-over-year increase of 6.5% [2] - DTE's long-term earnings growth rate is forecasted at 7.6%, with the company surpassing expectations in the last four quarters and achieving an average earnings surprise of 11.84% [3] Debt Profile - DTE's total debt to capital ratio stands at 19.89%, significantly lower than the industry average of 62.59% [4] - The times interest earned (TIE) ratio is 2.5, indicating the company can comfortably meet its interest obligations [4] Return on Equity - DTE's return on equity (ROE) is currently at 13%, outperforming the industry average of 10.34%, reflecting efficient utilization of funds [5] Shareholder Initiatives - DTE has consistently increased shareholder value through dividends, currently paying $1.09 per share quarterly, which translates to an annualized dividend of $4.36 and a dividend yield of 3.2% [6] - In the first quarter of 2025, DTE paid dividends totaling $217 million, up from $202 million in the previous year [6] Capital Allocation Plans - DTE plans to invest $30 billion over the next five years, a 20% increase from its previous investment plan, with $24 billion allocated for its subsidiary, DTE Electric [7] Diversification and Growth Targets - DTE is also expanding its non-utility operations, which diversifies its earnings stream and supports its long-term operating earnings growth target of 6-8% [8] Stock Performance - Over the past three months, DTE's stock has increased by 5.6%, outperforming the industry's average growth of 3% [9]

Core Insights - DTE Energy and WEC Energy Group are both considered for value investment in the Utility - Electric Power sector, with a focus on which stock offers better value currently [1] Valuation Metrics - Both DTE Energy and WEC Energy Group hold a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - DTE has a forward P/E ratio of 19.16, while WEC has a forward P/E of 20.93, suggesting DTE may be more attractively priced [5] - DTE's PEG ratio is 2.51, compared to WEC's PEG ratio of 3.01, indicating DTE may offer better value relative to its expected earnings growth [5] - DTE's P/B ratio is 2.41, while WEC's P/B ratio is 2.61, further supporting DTE as the superior value option based on these metrics [6] - DTE has a Value grade of B, while WEC has a Value grade of C, reinforcing the conclusion that DTE is the better value investment at this time [6]