DTE Energy Company engages in the energy-related businesses and services. 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 coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates 702 distribution substations with a capacity of approximately 37,710,000 kilovolt-amperes (kVA) and approximately 4,55,300 line transformers with a capacity of approximately 33,570,000 kVA. 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 20,500 miles of distribution mains; 1,238,000 service pipelines; and 1,352,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as compressed air supply to industrial customers. This segment also owns and operates 3 renewable generating plants with a capacity of 114 MWs; and 23 gas recovery sites. 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 1849 and is based in Detroit, Michigan.
Regulatory Landscape | Explore DTE Energy's navigation of complex regulatory proceedings, including electric and gas rate cases, and their potential impact on future revenue and operations. |
Financial Performance | DTE Energy reports strong Q2 2024 results, surpassing expectations. Full-year guidance range of $6.54-$6.83 per share reaffirmed, showcasing confidence in near-term outlook. |
Growth Initiatives | Delve into DTE's strategic growth avenues, including the Integrated Resource Plan, Vantage platform, and data center expansion, driving projected 7.4% EPS CAGR from 2024-2028. |
Valuation Insights | Analysts' price targets range from $123 to $133, reflecting varied perspectives on DTE's market position, regulatory outcomes, and growth prospects in a dynamic utility landscape. |
Metrics to compare | DTE | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipDTEPeersSector | |
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P/E Ratio | 18.4x | 21.2x | 12.0x | |
PEG Ratio | 0.88 | 6.73 | 0.02 | |
Price/Book | 2.4x | 2.1x | 1.3x | |
Price / LTM Sales | 2.1x | 3.4x | 1.5x | |
Upside (Analyst Target) | 5.1% | 8.0% | 14.2% | |
Fair Value Upside | Unlock | −11.9% | 5.9% | Unlock |