DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress.

Company profile
Ticker
DTE, DTW, DTG, DTB, DTP
Exchange
Website
CEO
Gerardo Norcia
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
DTE HOLDINGS INC
SEC CIK
Corporate docs
Subsidiaries
DTE Electric Company • DTE Electric Holdings, LLC • DTE Energy • DTE Enterprises, Inc. • DTE Gas Company • DTE Gas Holdings, Inc. ...
IRS number
383217752
DTE stock data
News

Elon Musk Claps Back At Ford CEO's Tesla Pickup Truck Jab: Here's The Fight
11 Aug 22
'Take That Elon Musk': Ford CEO Jim Farley Highlights EV Pickup Truck Lead
10 Aug 22
Ford Inks Renewable Energy Agreement With DTE Energy
10 Aug 22
Ford Motor Company And DTE Energy Announce 'The Largest Renewable Energy Purchase From A Utility In U.S. History'
10 Aug 22
DTE Energy's Return On Capital Employed Insights
2 Aug 22
Press releases
Ford Motor Company and DTE Energy announce the largest renewable energy purchase from a utility in U.S. history
10 Aug 22
DTE Energy schedules second quarter 2022 earnings release, conference call
14 Jul 22
DTE Energy Foundation emphasizes diverse workforce and expands educational opportunities in Michigan with $1.25 million in grants
6 Jul 22
DTE Energy issues dividend
23 Jun 22
FLO Announces U.S. EV Charger facility, Jobs Coming to Michigan
7 Jun 22
Analyst ratings and price targets
Current price
Average target
$133.00
Low target
$130.00
High target
$140.00
Morgan Stanley
Maintains
$131.00
Barclays
Maintains
$131.00
Mizuho
Maintains
$130.00
Credit Suisse
Upgraded
$140.00
Calendar
28 Jul 22
19 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 82M | 82M | 82M | 82M | 82M | 82M |
Cash burn (monthly) | 24.67M | 280.67M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 41.44M | 471.57M | n/a | n/a | n/a | n/a |
Cash remaining | 40.56M | -389.57M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.6 | -1.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Aug 22 | Robert A. Richard | Common Stock | Sell | Dispose S | No | No | 130.31 | 2,900 | 377.9K | 18,046 |
2 Aug 22 | Joi M. Harris | Common Stock | Sell | Dispose S | No | No | 130.13 | 1,800 | 234.23K | 8,011 |
1 Jul 22 | Gary Torgow | Phantom Stock (Def Dir Fees) Common Stock | Grant | Acquire A | No | No | 129.16 | 232.27 | 30K | 2,860.5 |
1 Jul 22 | Brandon David | Phantom Stock (Def Dir Fees) Common Stock | Grant | Acquire A | No | No | 129.16 | 270.98 | 35K | 11,477.24 |
23 Jun 22 | Gerardo Norcia | Common Stock | Payment of exercise | Dispose F | No | No | 120.37 | 1,809 | 217.75K | 266,836 |
Institutional ownership, Q2 2022
72.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 711 |
Opened positions | 84 |
Closed positions | 81 |
Increased positions | 271 |
Reduced positions | 204 |
13F shares | Current |
---|---|
Total value | 17.67B |
Total shares | 139.42M |
Total puts | 52.1K |
Total calls | 84.4K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 22.74M | $2.88B |
BLK Blackrock | 17.1M | $2.17B |
Capital Research Global Investors | 16.66M | $2.11B |
STT State Street | 9.92M | $1.27B |
Capital World Investors | 4.4M | $557.81M |
TROW T. Rowe Price | 3.83M | $484.92M |
Geode Capital Management | 3.74M | $473.7M |
AMP Ameriprise Financial | 2.77M | $350.32M |
Wellington Management | 2.66M | $337.31M |
IVZ Invesco | 2.07M | $262.5M |
Financial report summary
?Management Discussion
- Management’s Discussion and Analysis of Financial Condition and Results of Operations includes financial information prepared in accordance with GAAP, as well as the non-GAAP financial measures, Utility Margin and Non-utility Margin, discussed below, which DTE Energy uses as measures of its operational performance. Generally, a non-GAAP financial measure is a numerical measure of financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP.
- DTE Energy uses Utility Margin and Non-utility Margin, non-GAAP financial measures, to assess its performance by reportable segment.
- Utility Margin includes electric utility and gas utility Operating Revenues net of Fuel, purchased power, and gas expenses. The utilities’ fuel, purchased power, and natural gas supply are passed through to customers, and therefore, result in changes to the utilities’ revenues that are comparable to changes in such expenses. As such, DTE Energy believes Utility Margin provides a meaningful basis for evaluating the utilities’ operations across periods, as it excludes the revenue effect of fluctuations in these expenses. For the Electric segment, non-utility Operating Revenues are reported separately so that Utility Margin can be used to assess utility performance.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
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New words:
addressing, allegedly, annum, earlier, FIP, Justice, lapse, leading, liable, merit, motion, nominal, Qualitative, Quantitative, sixty, SOFR, unused
Removed:
consisted
Financial reports
Current reports
8-K
Regulation FD Disclosure
5 Aug 22
8-K
Results of Operations and Financial Condition
4 Aug 22
8-K
DTE Energy reports strong second quarter 2022 results, raises guidance
28 Jul 22
8-K
Entry into a Material Definitive Agreement
29 Jun 22
8-K
Departure of Directors or Certain Officers
27 Jun 22
8-K
Regulation FD Disclosure
9 Jun 22
8-K
Regulation FD Disclosure
13 May 22
8-K
Submission of Matters to a Vote of Security Holders
11 May 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
DTE Energy reports strong first quarter 2022 results
28 Apr 22
Registration and prospectus
424B2
Prospectus for primary offering
4 Aug 22
FWP
Free writing prospectus
3 Aug 22
424B5
Prospectus supplement for primary offering
3 Aug 22
S-3ASR
Automatic shelf registration
8 Apr 22
S-8
Registration of securities for employees
21 Dec 21
25-NSE
Exchange delisting
15 Dec 21
8-A12B
Registration of securities on exchange
24 Nov 21
424B2
Prospectus for primary offering
16 Nov 21
FWP
Free writing prospectus
15 Nov 21
424B5
Prospectus supplement for primary offering
15 Nov 21
Proxies
DEFA14A
Additional proxy soliciting materials
13 Apr 22
PX14A6G
Letter to shareholders
29 Mar 22
DEFA14A
Additional proxy soliciting materials
17 Mar 22
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Mar 20
DEFA14A
Additional proxy soliciting materials
12 Mar 20
DEF 14A
Definitive proxy
14 Mar 19
Other
CERT
Certification of approval for exchange listing
24 Nov 21
CERT
Certification of approval for exchange listing
2 Oct 20
CERT
Certification of approval for exchange listing
5 Nov 19
UPLOAD
Letter from SEC
20 Aug 18
CORRESP
Correspondence with SEC
7 Aug 18
CORRESP
Correspondence with SEC
30 Jul 18
UPLOAD
Letter from SEC
29 Jul 18
CERTNYS
Certification of approval for NYSE listing
19 Nov 17
UPLOAD
Letter from SEC
24 May 17
CORRESP
Correspondence with SEC
17 May 17
Ownership
4
DTE ENERGY / Joi M. Harris ownership change
4 Aug 22
4
DTE ENERGY / Robert A. Richard ownership change
4 Aug 22
4
DTE ENERGY / GARY TORGOW ownership change
5 Jul 22
4
DTE ENERGY / DAVID BRANDON ownership change
5 Jul 22
4
DTE ENERGY / Gerardo Norcia ownership change
24 Jun 22
11-K
Annual report of employee stock purchases
21 Jun 22
4
DTE ENERGY / Lisa A. Muschong ownership change
31 May 22
4
DTE ENERGY / JoAnn Chavez ownership change
24 May 22
4
DTE ENERGY / DAVID BRANDON ownership change
9 May 22
4
DTE ENERGY / CHARLES G MCCLURE ownership change
9 May 22
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
27 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
2019 Q4
Earnings call transcript
5 Feb 20
Reddit threads
Anyone see RIVN clawing out of this quicksand?
19 Aug 22
Options expiry impact on stocks.
19 Aug 22
0DTE Challenge 8/19/22
19 Aug 22
Daily Discussion - Friday August 19 2022
19 Aug 22
SPX vs RUT margin differences
18 Aug 22
LISTEN UP APES!! Cohen selling changes nothing. The float is heavily shorted and that was the play from the start, not Cohen
18 Aug 22
$BBBY - $79M in puts expiring Friday were bought today
18 Aug 22
Will start trading options on Monday. What's your best advice?
17 Aug 22
Would it be worth it to sell OTM put options?
17 Aug 22
Does anyone scalp options regularly? Is it overly risky or do you find it generally successful?
17 Aug 22