Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$1.56 (vs US$0.97 in 2Q 2023) Second quarter 2024 results: EPS: US$1.56 (up from US$0.97 in 2Q 2023). Revenue: US$2.88b (up 7.1% from 2Q 2023). Net income: US$322.0m (up 61% from 2Q 2023). Profit margin: 11% (up from 7.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Integrated Utilities industry in Europe. Tillkännagivande • Jul 12
DTE Energy Company to Report Q2, 2024 Results on Jul 25, 2024 DTE Energy Company announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Tillkännagivande • Jun 21
The DTE Energy Declares Quarterly Dividend, Payable October 15, 2024 The DTE Energy Board of Directors declared a $1.02 per share quarterly dividend on its common stock payable October 15, 2024, to shareholders of record at the close of business September 16, 2024. Recent Insider Transactions • May 19
Insider recently sold €1.1m worth of stock On the 15th of May, Mark Stiers sold around 10k shares on-market at roughly €107 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Tillkännagivande • May 03
DTE Energy Declares Quarterly Dividend, Payable on July 15, 2024 DTE Energy announced the board of directors declared a $1.02 per share quarterly dividend on its common stock, payable July 15, 2024, to shareholders of record at the close of business June 17, 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$1.52 (vs US$2.16 in 1Q 2023) First quarter 2024 results: EPS: US$1.52 (down from US$2.16 in 1Q 2023). Revenue: US$3.24b (down 14% from 1Q 2023). Net income: US$313.0m (down 30% from 1Q 2023). Profit margin: 9.7% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Integrated Utilities industry in Europe. Tillkännagivande • Apr 12
DTE Energy Company to Report Q1, 2024 Results on Apr 25, 2024 DTE Energy Company announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: US$6.78 (vs US$5.54 in FY 2022) Full year 2023 results: EPS: US$6.78 (up from US$5.54 in FY 2022). Revenue: US$12.7b (down 34% from FY 2022). Net income: US$1.40b (up 29% from FY 2022). Profit margin: 11% (up from 5.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Tillkännagivande • Feb 08
DTE Energy Company Provides Earnings Guidance for the Year 2024 DTE Energy Company provided earnings guidance for the year 2024. For the year, the company confirms its 2024 operating EPS guidance of $6.54 - $6.83. Tillkännagivande • Jan 26
DTE Energy Company to Report Fiscal Year 2023 Results on Feb 08, 2024 DTE Energy Company announced that they will report fiscal year 2023 results at 9:30 AM, US Eastern Standard Time on Feb 08, 2024 Tillkännagivande • Dec 08
DTE Energy Declares Dividend, Payable January 15, 2024 The DTE Energy Board of Directors declared a $1.02 per share dividend on its common stock payable January 15, 2024, to shareholders of record at the close of business December 18, 2023. Tillkännagivande • Dec 07
DTE Energy Company, Annual General Meeting, May 02, 2024 DTE Energy Company, Annual General Meeting, May 02, 2024. Tillkännagivande • Nov 04
DTE Energy Company Revises Earnings Guidance for the Year 2023 DTE Energy Company revised earnings guidance for the year 2023. The company is revising 2023 operating EPS guidance from $6.09 - $6.40 to $5.65 - $5.85. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.61 (vs US$2.00 in 3Q 2022) Third quarter 2023 results: EPS: US$1.61 (down from US$2.00 in 3Q 2022). Revenue: US$2.89b (down 45% from 3Q 2022). Net income: US$332.0m (down 14% from 3Q 2022). Profit margin: 12% (up from 7.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Integrated Utilities industry in Europe. Tillkännagivande • Oct 28
DTE Energy Names Nicholas Akins to Board of Directors Effective December 4 DTE Energy has named Nicholas K. Akins, retired Executive Chair of American Electric Power (AEP), to its board of directors, effective December 4. Akins, who recently retired from AEP after more than 40 years with the company, also served as the company’s chief executive officer from 2011 through 2022. He led AEP through a period of grid modernization and growth while transitioning the utility toward a clean energy future. Akins held various positions of increasing leadership throughout his career, beginning at the former Central and South West Corporation before it merged with AEP in 2000. In addition to his work to modernize AEP’s grid, Akins led a transformation of the workplace culture to engage employees in innovation, enhance diversity and inclusiveness and build workforce agility. Akins holds a bachelor’s and a master’s from Louisiana Tech University in Ruston, La. He currently serves as chairman of the boards of Fifth Third Bancorp and OhioHealth and a former member of the boards of Edison Electric Institute (EEI) and Institute of Nuclear Power Operators. He is also a former chairman of the board of directors of EEI, Electric Power Research Institute, Global Sustainable Electricity Partnership, Nuclear Electric Insurance Limited and the Ohio Business Roundtable. Tillkännagivande • Oct 26
DTE Energy Company to Report Q3, 2023 Results on Nov 01, 2023 DTE Energy Company announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.98 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.98 (up from US$0.19 in 2Q 2022). Revenue: US$2.68b (down 46% from 2Q 2022). Net income: US$201.0m (up 443% from 2Q 2022). Profit margin: 7.5% (up from 0.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Tillkännagivande • Jul 28
DTE Energy Company Reaffirms Earnings Guidance for the Fiscal Year 2023 DTE Energy Company reaffirmed earnings guidance for the fiscal year 2023. for the year, the company reaffirmed 2023 operating EPS guidance of $6.09 - $6.40. Tillkännagivande • Jul 27
DTE Energy Company Receives Approval from the Michigan Public Service Commission on the Cleanvision Integrated Resource Plan DTE Energy received approval from the Michigan Public Service Commission on the Company’s CleanVision Integrated Resource Plan (IRP). This approval comes just 14 days after a historic settlement agreement was reached between DTE and nearly two dozen organizations on the Company’s 20-year plan that dramatically transforms how DTE generates electricity as part of its mission to invest in the future of Michigan. Developed over the past two years with the input of DTE’s customers and other key stakeholders from across Michigan, this proposal accelerates DTE’s clean energy transition increasing investments in Michigan-made solar and wind energy, speeding up the retirement of coal plants, and developing new energy storage – all reinforcing DTE’s commitment to cleaner energy generated reliably and affordably. DTE Electric will surpass its previously announced carbon emission reduction goals – targeting 65% in five years (2028), 85% in nine years (2032), 90% by 2040 and net zero carbon emissions by 2050. Key details of the CleanVision Integrated Resource Plan include: Investing in clean and reliable energy by: Developing more than 15,000 megawatts of Michigan-made renewable energy by 2042. This carbon-free generation is the equivalent to powering approximately 4 million homes. Accelerating the development of energy storage, targeting 780 megawatts through 2030 with a goal of more than 1,800 megawatts of storage by 2042 – reinforcing DTE’s commitment to clean and reliable energy and more than doubling current storage capacity. Ending DTE’s use of coal in 2032 with a responsible, phased retirement schedule of the Belle River and Monroe coal power plants – dramatically reducing the Company’s use of coal from 77% in 2005 to 0% in less than three decades. The Company has further accelerated the retirement of the Monroe Power Plant – with half of the plant retiring in 2028 and full retirement in 2032. The Company will provide re-training for employees impacted by the coal plant retirements and will continue to partner with the local communities, who for years have hosted these coal-fired plants, on new economic development opportunities. Targeting 2% energy savings level from energy efficiency through 2027. Supporting increased distributed generation on the Company’s distribution system. Delivering long-term customer value by: Investing over $11 billion into the clean energy transition over the next 10 years, supporting more than 32,000 jobs in Michigan, while reducing the future cost of the plan for the Company’s customers by a projected $2.5 billion. Directing an additional $110 million to support income-qualified home energy efficiency programs, customer affordability programs and access to clean energy resources for the Company’s most vulnerable customers. Repurposing the Belle River coal-fired power plant to run on natural gas at a fraction of the cost of building a new power plant, while accelerating reductions in carbon emissions. Natural gas, and other 24/7 resources like the Company’s existing Fermi II carbon-free nuclear plant, play an important role in a diverse energy mix and will significantly reduce emissions while providing reliable and affordable energy to meet periods of high customer demand. A broad range of stakeholders from across Michigan signed onto a settlement agreement that was submitted to the MPSC for approval earlier this month. Signatories to the settlement agreement include DTE Electric, MPSC staff, Attorney General Dana Nessel, representatives of Michigan’s environmental community, key business and labor organizations and energy industry associations. The Company anticipates the approved order will be made available on the MPSC docket later today. Board Change • Jul 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Director Deborah Byers was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
