DTE Energy Company is undergoing several transitions including an investment focus on renewable energy, the setting up of a large-scale power storage facility, and the introduction of a new Vice President of Electric Sales & Marketing. The company also has a high-institutional ownership standing at 76%, and has been the subject of buyouts with SG Americas Securities and others making significant investments. However, this progress has been marred by numerous controversies including debt collection practices facing oversight, a pending lawsuit over excessive pollution emissions, and pushbacks concerning significant rate hikes. The Michigan Attorney General has denounced DTE’s proposed $266 million rate increase, describing it as 'absurd', and struggles with reliability woes continue to persist. While the earnings for the first quarter of 2024 missed estimates due to weaknesses in their natural gas unit, full-year 2023 earnings beat expectations. Further, DTE continues to lag behind competitors on various trading days, yet there have been instances of superior performance.
Dte Energy Company DTE News Analytics from Wed, 22 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 09:55:37 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -1
