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DTE Energy Co. - DTE STOCK NEWS

Welcome to our dedicated news page for DTE Energy Co. (Ticker: DTE), a resource for investors and traders seeking the latest updates and insights on DTE Energy Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DTE Energy Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DTE Energy Co.'s position in the market.

Rhea-AI Summary
DTE Energy (NYSE:DTE) announced that the National Renewable Energy Laboratory recognized DTE’s MIGreenPower program as the top utility green tariff program in the U.S. The program enables DTE Electric customers to attribute an even greater percentage of their electricity use to Michigan-based wind and solar projects. MIGreenPower participation is accelerating the development of new wind and solar projects in Michigan, with DTE planning to add more than 1,000 megawatts of new clean energy projects by 2026. The residential customer program is also listed among the top 10 in the country and is nearing 100,000 enrollments. Altogether, MIGreenPower customers have enrolled four million megawatt hours of clean energy, equivalent to avoiding more than three million tons of carbon dioxide emissions annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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Rhea-AI Summary
DTE Energy (NYSE: DTE) continues its more than 100-year history of issuing cash dividends by declaring a $1.02 per share dividend on its common stock payable on Jan. 15, 2024, to shareholders of record at the close of business on Dec. 18, 2023.
Rhea-AI Impact
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End-of-Day
1.3%
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dividends
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Rhea-AI Summary
DTE Energy (NYSE: DTE) announces its 2024 Annual Meeting of Common Stock Shareholders on May 2. Shareholders of record as of March 5, 2024, are eligible to vote. Shareholders interested in proposing business or nominating a director must give notice by January 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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Rhea-AI Summary
DTE Energy (NYSE:DTE) will conduct a conference call to provide a business update on Friday, Dec. 8 at 9:00 a.m. ET. Investors, the news media and the public may listen to a live internet broadcast of the call at ir.dteenergy.com.
Rhea-AI Impact
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0.22%
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Rhea-AI Summary
DTE Energy (DTE) announces an order from the Michigan Public Service Commission supporting DTE's roadmap to improved reliability, accelerating system upgrades to improve reliability by more than 60% over the next five years. The average residential bill increase remains below the rate of inflation and national average, with a $300 million reduction in fuel costs offsetting customer bill increases. DTE plans to invest an additional $9 billion over the next five years to improve electric reliability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.9%
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Rhea-AI Summary
DTE Energy Announces $300 Million Annual Reduction in Power Supply Cost Recovery Mechanism, Leading to Lower Electric Bills for Customers
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Rhea-AI Sentiment
End-of-Day
0.26%
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Rhea-AI Summary
DTE Energy reported third quarter earnings of $332 million, or $1.61 per diluted share, compared with $387 million, or $1.99 per diluted share in 2022. Operating earnings for the third quarter 2023 were $298 million, or $1.44 per diluted share, compared with 2022 operating earnings of $311 million, or $1.60 per diluted share. DTE Electric launched a $9 billion Distribution Grid Plan to improve reliability by 60% over the next five years. DTE Energy was named Energy Star's Partner of the Year and received the C. Everett Koop National Health Award for workforce wellness programs. The company also partnered with the City of Southfield for the MIGreenPower renewable energy program and kicked off the fall planting season as a founding partner in the Detroit Tree Equity Partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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Rhea-AI Summary
DTE Energy has appointed Nicholas K. Akins, retired Executive Chair of American Electric Power, to its board of directors. Akins brings expertise in grid modernization and workplace innovation, making him a valuable addition to DTE Energy as they work towards clean and reliable energy.
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Rhea-AI Sentiment
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0.42%
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management
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Rhea-AI Summary
DTE Energy will announce its Q3 2023 earnings on Nov. 1, 2023. A conference call will be held to discuss the results.
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0.25%
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Rhea-AI Summary
DTE Energy plans to invest $9 billion to improve reliability, aiming to increase average reliability by over 60% in the next five years. The company also aims to transition to a smart grid with full automation and update 90% of circuits in Detroit within three years. The roadmap includes trimming trees, updating infrastructure, rebuilding sections of the grid, and installing 10,000 smart devices. DTE has already invested $5 billion in its electric grid and will invest an additional $9 billion. The plan supports Michigan's energy transition.
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Rhea-AI Sentiment
End-of-Day
0.66%
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DTE Energy Co.

NYSE:DTE

DTE Rankings

DTE Stock Data

21.99B
205.57M
0.33%
77.2%
1.66%
Hydroelectric Power Generation
Utilities
Link
US
Detroit

About DTE

dte energy (nyse: dte) is a detroit-based, diversified energy company involved in the development and management of energy-related businesses and services nationwide. built on a strong utility base, dte energy's largest operating subsidiaries are dte electric and dte gas. together, these regulated utility companies provide electric and/or gas services to more than three million residential, business and industrial customers throughout michigan. dte energy has more than 10,400 employees in utility and non-utility subsidiaries involved in a wide range of energy-related businesses nationwide. the company's growing non-utility businesses are built around the strengths, skills and assets of dte energy's electric and gas utilities.