News & Events:DTP

DETROIT, June 23, 2022 — The DTE Energy Board of Directors declared a $0.885 per share dividend on its common stock payable Oct. 15, 2022 to shareholders of record at the close of business Sept. 19, 2022. “Our shareholders value DTE’s dividend and the role it plays in delivering consistent, above-average returns,” said Jerry Norcia, DTE Energy (DTE) chairman, president and CEO.

First-ever U.S. facility will boost electric vehicle charging operations AUBURN HILLS, Mich. Michigan. We are proud to announce our facility today – our first in the U.S. – that will not only create jobs for Michiganders, but also help meet rising demand for smart, reliable charging stations, and to continue to expand the FLO network across the USA," said Louis Tremblay, FLO president and CEO.

DTE Energy (DTE), Michigan’s largest electric utility company, today announced that its Blue Water Energy Center, a state-of-the art 1,150 megawatt combined-cycle natural gas-fired power plant has begun commercial operation. “Today marks an important milestone for DTE and Michigan’s energy future,” said Jerry Norcia, chairman and chief executive officer, DTE Energy.

Over the past 3 months, 7 analysts have published their opinion on DTE Energy stock. According to 7 analyst offering 12-month price targets in the last 3 months, DTE Energy has an average price target of $141.14 with a high of $147.00 and a low of $133.00. Below is a summary of how these 7 analysts rated DTE Energy over the past 3 months.

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When we enter a period of economic uncertainty, the phrase "recession-proof stocks" is tossed about, but really the only certainty is that recession-proof stocks do not exist. On the other hand, recession-resistant companies are what a savvy investor searches for during the absence of a bull market, as we are now.

DETROIT, May 9, 2022 –DTE Energy (DTE) today announced that BMW has joined General Motors and Ford Motor Company in the second year of the DTE Smart Charge program, a collective, clean energy vision of optimizing Electric Vehicle charging to help reduce stress on the energy grid.

DTE Energy (DTE), Michigan’s largest provider of energy efficiency savings, has received the 2022 ENERGY STAR Excellence in Energy Efficiency Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy.

The DTE Energy Board of Directors declared a $0.885 per share dividend on its common stock payable July 15, 2022 to shareholders of record at the close of business June 20, 2022. "Our shareholders place a high importance on our dividend and the role DTE plays in delivering consistent above-average returns,” said Jerry Norcia, DTE Energy (DTE) president and CEO.

According to Benzinga Pro, during Q1, DTE Energy earned $394.00 million, a 29.18% increase from the preceding quarter. Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future.

Volta Partners With Michigan OFME, DTE Energy On Improving EV Charging Infrastructure

  DTE Energy reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM. Here's what investors need to know about the announcement. DTE Energy beat estimated earnings by 11.59%, reporting an EPS of $2.31 versus an estimate of $2.07. Revenue was up $799.00 million from the same period last year.

DTE Energy Co (DTE): * VOLTA PARTNERS WITH THE STATE OF MICHIGAN AND DTE ENERGY Source text for Eikon: Further company coverage:

Collaboration utilizes Volta's PredictEV® analytics and media-supported charging to accelerate the switch to EVs within lower-income and environmental justice communities Agreement marks Volta's sixth paid partnership with an electric power utility and second with a state authority SAN FRANCISCO---- Volta Inc. (VLTA), an industry-leading electric vehicle charging network powering vehicles and commerce...

DTE Energy Co (DTE): * QTRLY EARNINGS PER SHARE $2.03. * OPERATING EARNINGS FOR Q1 2022 WERE $448 MILLION, OR $2.31 PER DILUTED SHARE. * REAFFIRMS 2022 OPERATING EPS GUIDANCE OF $5.80 - $6.00. * Q1 EARNINGS PER SHARE VIEW $2.08 -- REFINITIV IBES DATA. * FY2022 EARNINGS PER SHARE VIEW $5.93 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:

DTE Energy Co (DTE): * REAFFIRMS 2022 OPERATING EPS GUIDANCE OF $5.80 - $6.00. * Q1 2022 EARNINGS OF $2.03 PER DILUTED SHARE. * Q1 EARNINGS PER SHARE VIEW $2.08 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:

DETROIT, April 28, 2022 -- DTE Energy today reported first quarter 2022 earnings of $394 million, or $2.03 per diluted share, compared with $397 million, or $2.05 per diluted share in 2021. Operating earnings for the first quarter 2022 were $448 million, or $2.31 per diluted share, compared with 2021 operating earnings of $389 million, or $2.00 per diluted share.

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According to Susquehanna, the prior rating for Boyd Gaming Corp was changed from Neutral to Positive. For Hub Group Inc, Susquehanna upgraded the previous rating of Neutral to Positive. According to Susquehanna, the prior rating for Werner Enterprises Inc was changed from Neutral to Positive. For JB Hunt Transport Services Inc, Susquehanna upgraded the previous rating of Neutral to Positive.

The DTE Energy Foundation today announced it has granted $1.48 million in vital funding to seven organizations supporting programs that enhance natural resources across Michigan. “At the DTE Foundation, we know that a healthy environment is an essential ingredient for thriving communities,” said Lynette Dowler, president, DTE Foundation.