DTE Energy Company

Utilities
$123.93
-2.70(2.13%) 1D
1D
1W
1M
1Y
3Y
5Y

Performance

Open PricePrev. CloseVolumeAvg. Volume
$125.89$126.63823,4081,073,816

Fundamentals

Market Cap$26.22B
P/B Ratio2.3
P/E Ratio17.1
Enterprise Value$50.00B
Div. Yield3.22%
Book Value52.67
EPS(TTM)1.61
ROENA
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About the Company

DTE Energy is an extremely diversified company based in Detroit, involved in power supply to households & businesses in Michigan. It has a system capacity of 11,048 megawatts and utilises, coal, nuclear fuel, natural gas, hydroelectricity and renewable sources to generate electricity. DTE Energy's Fermi 2 nuclear power plants account for 30% of Michigan's total nuclear energy generation capacity and have proven to be extremely safe and cost-effective. The history of DTE Energy dates back to the year 1849 when Lemuel Davis, an engineer from Philadelphia took the challenge to establish a new gas plant which came to be known as the Detroit Gas Light Co. Since then the company has traced a remarkable growth and has become one of the largest energy firms that deliver electricity to 2.2 million customers in South-Eastern Michigan and natural gas utility to almost 1.2 million households and businesses over 500 communities. DTE Energy operates through several non-utility energy businesses and subsidiaries focused on power and industrial projects like natural gas pipelines, gathering & storage; energy marketing & trading; and also the production of renewable energy. It owns and operates 278 storage wells that represent about 34% of Michigan's underground capacity. DTE has more than 10,000 employees and has created about 34000 jobs by partnering with various businesses in Michigan since 2010. The company is reputed to run its business in 26 different states and enlisted in the Fortune 500 rank list. It trades under the NYSE as DTE. The company's constant commitment to enhance energy infrastructure and ensure an increasingly stable power grid and dedication to create new job opportunities paved its way for several awards and achievements in the financial year 2019-2020. It has been recognised as "top corporate citizen in the US" by Points of Light and has earned the AGA Safety Achievement Award and The Biomass Project of the Year for Renewable Natural Gas by American Biogas Council.;
OrganisationDTE Energy Company
IndustryUtilities—Regulated Electric
HeadQuartersDetroit, MI

Company Financials

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