DTE Energy Company

Last price update: 07 Oct 24 23:00 GMT

Price:
$125.29
Open:
$126.70
Previous close:
$126.98
Day's range:
$125.03 - $126.70
Year's range:
$92.58 - $129.53
Net Income per Share:
6.69
Price-to-Earnings ratio:
18.73
52-week Price Range:
$123.78
Volume:
$947,789.00
Average volume:
$1,010,215.00

Company profile for DTE Energy Company

DTE Energy Company logo

DTE Energy Company is a Detroit-based diversified energy company engaged in utility operations. It is the largest energy company in Michigan and one of the largest diversified energy companies in the United States. The company’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The company’s Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 20,000 miles of distribution mains; 1,304,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The company’s Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions.

DTE Energy Company has a long history of providing reliable energy to Michigan and the Midwest. The company was founded in 1903 as the Detroit Edison Company. In 2000, Detroit Edison merged with DTE Energy and in 2001, the company changed its name to DTE Energy Company. The company has grown to become the largest energy provider in Michigan, serving over 3.5 million electric and gas customers. DTE Energy Company is a major employer in the Detroit area, with over 10,000 employees. The company is dedicated to providing reliable, affordable energy and is committed to environmental stewardship. DTE Energy Company has invested over $15 billion in capital investments since 2000, including over $1.5 billion in renewable energy projects. The company is also committed to reducing its carbon emissions by 45 percent by 2030 and 80 percent by 2050.

Stock exchanges:
NYSE
Sector:
Utilities
Industries:
Diversified Utilities
Ticker:
DTE
CIK:
936340
ISIN:
US2333311072
Website:
https://newlook.dteenergy.com
Phone:
313 235 4000
Origin:
United States
Employees:
10,102