DTE Energy Company is set to announce its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate EPS of $2.01.
Today, DTE Energy Company's stock price stands at $148.43, showing a price increase of $1.93 (1.32%) from the previous close. The trading volume is at $296,852, which is 21.84% higher than the average.
In the previous quarterly earnings report on Monday, February 16th, DTE Energy Company exceeded expectations with an EPS of $1.54.
With a forward dividend yield of 3.14% and a quarterly dividend per share of $1.17, DTE Energy Company showcases its commitment to rewarding investors.
Recently, Bank of America Securities upgraded DTE Energy Company's grade to "Buy," indicating positive sentiment towards the stock.
DTE Energy Company reported a positive net change in cash of $171 million, with operating cash flow at $1 billion, reflecting strong financial management.
The company generated $4.24 billion in revenue, resulting in a net income of $372 million and an EPS of $1.8.
Key metrics show DTE Energy Company's solid financial health, with a net profit margin of 8.77% and a price-to-earnings ratio of 17.94.
DTE Energy Company maintains a healthy balance sheet, with total assets at $54 billion and total liabilities at $41.76 billion, indicating a strong financial position.
DTE Energy Company engages in the utility operations. 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. The company was founded in 1903 and is headquartered in Detroit, Michigan.