DTE Energy Company (DTE) - NYSE
  • Jul. 2, 2014, 2:16 PM
    • Exelon (EXC -3.5%) has shed 5.5% in the past two days after storms with hurricane force winds swept through Commonwealth Edison's territory in the central U.S., knocking out power to as many as 427K customers.
    • The National Weather Service says five tornadoes touched down in Illinois during storm.
    • Based on past storms of similar magnitude, EXC estimates remaining customers will have their service restored by late Thursday night, with the exception of some pockets in hardest hit areas.
    • In southeast Michigan, ~140K DTE Energy (DTE -1.6%) customers lost power at the height of the storm.
    | Jul. 2, 2014, 2:16 PM
  • May 30, 2013, 11:17 AM

    Utilities are getting a bit of a reprieve after taking a beating over the past few days. Option implied volatility has been increasing as investors rotate out of high dividend yield positions in the wake of a rise in treasury yields: AEE +1.7%, D +0.3%, DTE +1.9%, EIX +0.6%, ETR +1.3%, EXC +0.7%, FE +0.9%, NEE +1.7%, PEG +0.8%, PPL +0.5%, SRE +1.3%, TE +0.5%, AEP +0.8%, DUK +0.6%, ED NU +1.6%, PCG +1.2%, SO +0.4%, XEL +1.3%.

    | May 30, 2013, 11:17 AM | 5 Comments
  • Nov. 19, 2012, 4:54 PM

    Atlas Resource Partners (ARP) agrees to acquire Barnett Shale and Marble Falls assets in Texas from DTE Energy (DTE) for ~$255M. ARP increases 2013 distribution guidance and expects immediately accretive cash flow from the added oil and natural gas production, which averaged ~3,800 boe/day YTD. To fund the deal, ARP announces a public offering of 6.8M common units. ARP -2.9% AH.

    | Nov. 19, 2012, 4:54 PM
  • Dec. 19, 2011, 12:26 PM
    DTE Energy (DTE +1.3%) moves up after Credit Suisse raises its rating on the shares to Outperform, saying the positive regulatory environment in Michigan - where the company is headquartered - should translate into 5-6% EPS growth, plus a slightly better than group 4.6% dividend yield.
    | Dec. 19, 2011, 12:26 PM
Company Description
DTE Energy Co. is a diversified energy company, which is primarily engaged in the business of providing electricity and natural gas sales, distribution and storage services throughout Michigan through its subsidiaries. It operates through the following segments: DTE Electric, DTE Gas and Other.... More
Sector: Utilities
Industry: Electric Utilities
Country: United States