Shares of electric and gas utility provider DTE Energy Co. (DTE, Financial) have shown upward momentum over the past year. The stock has climbed by double digits year to date due to rising recessionary concerns in the U.S., pushing it close to its highest levels in nearly a decade. However, all indications suggest the stock has run too far, offering little upside potential at current prices. Therefore, it is best to wait for the anticipated correction before loading up on this reliable income stock. DTE Ene ...

Detroit, Aug. 22, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) today announced a significant milestone in its commitment to improving energy reliability for its customers. Through the implementation of smart grid technology, DTE has prevented nearly 5,000 power interruptions and more than 1.8 million minutes without power for customers so far in 2024. "We're dedicated to reducing power outages by 30% while cutting outage durations in half by 2029 — and smart technology is a critical investment to help us ...

Exhibit 99.1 DTE Gas Company Unaudited Consolidated Financial Statements as of and for the Three and Six Months Ended June 30, 2024 TABLE OF CONTENTS Page Definitions 1 Consolidated Statements of Operations (Unaudited) 2 Consolidated Statements of Comprehensive Income (Unaudited) 3 Consolidated Statements of Financial Position (Unaudited) 4 Consolidated Statements of Cash Flows (Unaudited) 6 Consolidated Statements of Changes in Shareholder's Equity (Unaudited) 7 Notes to Consolidated Financial Statements ( ...

DTE Energy Company (NYSE:DTE) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matthew Krupinski - Director of Investor Relations Gerardo Norcia - Chairman & Chief Executive Officer Joi Harris - President & Chief Executive Officer David Ruud - Executive Vice President & Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley Michael Sullivan - Wolfe Research Andr ...

The company reported GAAP earnings of $1.55 per share compared with 97 cents in the prior-year quarter. Segmental Details DTE Gas: The segment's reported operating earnings of 6 cents per share compared with 12 cents in the yearago period. DTE Energy reiterated its 2024 operating EPS projection. The company still expects operating EPS to be in the range of $6.54-$6.83. The Zacks Consensus Estimate for earnings is pegged at $6.69 per share, which is almost in line with the midpoint of the company's guided ra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ (State or other jurisdiction of incorporation or organization) (I.R.S Employer Identification No.) Michigan 38-0 ...

DETROIT, July 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $2 billion in the first half of 2024, on pace for a full year investment of over $4 billion, to make its electric and natural gas infrastructure more resilient to extreme weather and to generate cleaner energy for the communities it serves. DTE is progressing on building a smarter and stronger electric grid, upgrading natural gas infrastructure to be even safer and more reliable, and transforming the way the company generates pow ...

Committed to improving electric reliability for customers Broke ground on region's largest battery energy storage facility Helped make NFL Draft a carbon-neutral success Grew Energy Efficiency Academy in Detroit and expanded to Grand Rapids Honored with Civic 50 award for being among the 50 most community-minded companies in the United States DETROIT, July 25, 2024 (GLOBE NEWSWIRE) -- DTE Energy (NYSE:DTE) invested over $2 billion in the first half of 2024, on pace for a full year investment of over $4 bill ...

Wall Street expects a year-over-year increase in earnings on higher revenues when DTE Energy (DTE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 25. On the ...

11 aydinmutlu one of my favorite sectors is utilities. It's also not hard to understand why. Although the scetor has to adapt to technological changes, substitute risk is minimal. I don' have an exact probability of humanity discovering a cheaper/more efficient alternative in my lifetime to electricity, water, and or natural gas, However, I'm not a betting man, and even I'm willing to venture that it's rather close to zero. The company is celebrating its 175th year in business this year. Talk about longevit ...