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DTE Energy Co DTE

Market Closed
21 Jun, 20:00
NYSE NYSE
$
110. 91
-0.21
-0.19%
After Hours
$
110. 91
0 0%
424.03B Market Cap
- P/E Ratio
75.69% Div Yield
1,884,700 Volume
- Eps
$ 111.12
Previous Close
Day Range
110.76 112.45
Year Range
90.14 117.45

DTE Chart

DTE Energy Co Profile

Utilities - Regulated Electric Industry
Utilities Sector
Mr. Gerardo Norcia CEO
NYSE Exchange
US2333311072 ISIN
United States Country
9,608 Employees
- Last Dividend
1 Jul 2021 Last Split
2 Jan 1970 IPO Date

Overview

DTE Energy Company is a diversified energy company involved in the utility operations with its origin dating back to 1849. Based in Detroit, Michigan, the organization primarily services southeastern Michigan, focusing on electricity and natural gas distribution. DTE Energy operates through multiple segments including Electric, Gas, DTE Vantage, and Energy Trading, catering to a broad spectrum of residential, commercial, and industrial customers. Its operations are rooted in a tradition of providing essential energy services, while also embracing contemporary energy generation methods such as wind and solar assets.

Products and Services

  • Electric Segment:

    This segment is responsible for generating, purchasing, distributing, and selling electricity. It caters to a wide variety of customers ranging from residential to industrial sectors in southeastern Michigan. DTE Energy generates electricity through a diversified mix of sources including coal-fired plants, nuclear plants, hydroelectric pumped storage, as well as renewable sources like wind and solar assets. Moreover, it owns and operates essential infrastructure such as distribution substations and line transformers necessary for electricity delivery.

  • Gas Segment:

    DTE Energy's Gas segment focuses on purchasing, storing, transporting, distributing, and selling natural gas across Michigan. This segment serves both residential and commercial customers, along with providing storage and transportation capacity sales. It demonstrates the company’s commitment to meeting the energy needs of its clientele through reliable and efficient natural gas services.

  • DTE Vantage Segment:

    This segment provides value-added services and products beyond traditional utility operations. DTE Vantage offers metallurgical and petroleum coke, which are essential components for the steel and other industries. Additionally, it delivers a range of services such as power generation, steam production, chilled water production, wastewater treatment services, and compressed air provisioning to industrial customers, highlighting the company's versatility and capability in supporting industrial processes.

  • Energy Trading Segment:

    Engaging in power, natural gas, and environmental marketing and trading, this segment represents DTE Energy’s involvement in the financial aspects of energy distribution. It undertakes structured transactions along with optimizing contracted natural gas pipeline transportation and storage positions. This diverse spectrum of activities underlines DTE Energy’s strategic approach in navigating the complex energy markets, maximizing value through smart trading and logistical capabilities.

Contact Information

Address: One Energy Plaza
Phone: 313 235 4000