dte energy company (DTE:New York)
dte energy company (DTE) Snapshot
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Open
$67.42
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Previous Close
$67.59
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Day High
$67.72
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Day Low
$66.04
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52 Week High
04/23/13 - $73.32
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52 Week Low
06/25/12 - $57.83
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Market Cap
11.5B
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Average Volume 10 Days
1.5M
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EPS TTM
$4.32
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Shares Outstanding
174.0M
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EX-Date
06/13/13
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P/E TM
15.3x
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Dividend
$2.62
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Dividend Yield
3.80%
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Related News
dte energy company (DTE) Related Businessweek News
dte energy company (DTE) Details
DTE Energy Company, together with its subsidiaries, operates as an energy company. The company’s Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity from fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 671 distribution substations; and approximately 430,600 line transformers. Its Gas segment is involved in the purchase, storage, transportation, distribution, and sale of natural gas, as well as the sale of storage and transportation capacity. This segment has approximately 19,000 miles of distribution mains, approximately 1,173,000 service pipelines, and approximately 1,309,000 active meters; and owns approximately 2,000 miles of transmission pipelines. This segment supplies natural gas to approximately 1.2 million residential, commercial, and industrial customers throughout Michigan, as well as to approximately 17,000 customers in Adrian, Michigan. The company’s Gas Storage and Pipelines segment controls 2 natural gas storage fields, and intrastate lateral and intrastate gathering pipeline systems, as well as has ownership interests in 2 interstate pipelines serving the Midwest, Ontario, and northeast markets. Its Power and Industrial Projects segment consists of onsite energy, wholesale power and renewables, and reduced emissions fuel projects, as well as steel, steel industry fuel, and petroleum coke projects. The company’s Energy Trading segment engages in physical and financial power, gas, and coal marketing and trading; structured transactions; and optimization of contracted natural gas pipeline transportation and storage, and generating capacity positions. DTE Energy Company was founded in 1995 and is headquartered in Detroit, Michigan.
dte energy company (DTE) Top Compensated Officers
dte energy company (DTE) Key Developments
DTE Energy has filed an amended renewable energy plan with Michigan Public Service Commission that proposes to lower the monthly surcharge paid by residential customers to 43 cents from the current $3. DTE Energy's plan calls for an overall reduction of all customer electric rates of nearly $90 million per year. In addition, the amended plan continues to achieve full Renewable Portfolio Standard compliance each year through 2029, although the projected number of megawatts (MW) needed to achieve compliance has been reduced to 950 from 1,000. The plan has to be reviewed and approved by the Michigan Public Service Commission. The rate reduction follows significant efforts by DTE Energy to keep electric service affordable. The company has led its peer electric utilities in controlling operating costs. Between 2007 and 2011, for example, DTE Energy has seen a 1% drop in operating costs, compared with an industry average of a 23% gain.
DTE Energy expects to invest about $1.3 billion to achieve its 10% goal during the 20-year program.
DTE Energy Company Presents at Morgan Stanley Utilities Conference, Mar-07-2013 . Venue: Crowne Plaza Times Square, New York, New York, United States. Speakers: Daniel G. Brudzynski, Vice President, Treasurer and Member of Internal Risk Management Committee.
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Industry Analysis
DTE
Industry Average
| Valuation | DTE | Industry Range |
| Price/Earnings | 15.7x |
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| Price/Sales | 1.3x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 6.9x |
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| TEV/Sales | 0.4x |
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Post a JobJobs
- Detroit, MI | DTE EnergyPosted: Jun 16
- Detroit, MI | DTE EnergyPosted: Jun 19
- Detroit, MI | DTE EnergyPosted: Jun 14
- Ypsilanti, MI | DTE EnergyPosted: Jun 19
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To contact DTE ENERGY COMPANY, please visit www.dteenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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