DTE Energy has been under the spotlight for multiple reasons recently; insider selling saw US$4.8m in
stock liquidated, implying a potential downfall, and is competing poorly with industry counterparts on tock performance. This Michigan-based company
completed the spin-off of DT Midstream and has launched a new
sustainability program for Saline. It declared a
quarterly dividend of $1.02 per share. DTE's plan to
transform a retired coal plant into a
storage center has drawn attention as well. It is deemed a '
Moderate Buy' by brokerages, indicating some degree of potential upside. Moreover,
American International Group Inc. and
Vanguard Group Inc. diminished their holdings in DTE. Despite recent losses, it outperformed competitors on certain days.
Financial reporting has shown DTE missing quarterly profit estimates due to the weakness in the Natural Gas unit, and seeking
rate increase, while facing scrutiny from the state on
debt collection practices. On the positive side, DTE has a
13% ROE, higher than the average, with potential plans for
new energy storage projects and
rate increase. Overall, the energy behemoth faces an array of challenges as well as opportunities.
Dte Energy Company DTE News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 14:15:19 GMT -
Rating -3
- Innovation 6
- Information 7
- Rumor -5
