DTE Energy has reported its 2024 accomplishments, investments, and earnings, with increased holdings by Savant Capital LLC and other firms. The company saw its Q4 2024 earnings highlighted by strong EPS growth, despite a fall in fourth-quarter profit due to lower rates. Its capex plan was raised with increased executive compensation, and financial results that exceeded estimates. However, it was downgraded by StockNews.com after a missed estimate in bottom line in Q4. It also saw reduction in holdings by certain firms such as State of Alaska Department of Revenue. DTE Energy plans a massive $30 billion investment towards cleaner generation and reliability from 2024 to 2029. The board of directors declared a quarterly dividend, and the company named Casey Santos to its board. It marks notable progress in electric reliability. Investors, however, should watch out for a proposed decline in earnings and a jump in electric rates by $217M in Michigan. Additional funds were approved to aid customers during an energy crisis, as part of an effort to improve energy infrastructure. Overall, several analysts and wealth management firms favour DTE Energy as a long-term Value Stock despite facing rate hike controversy and concerns over 'extravagant expenses'.
Dte Energy Company DTE News Analytics from Fri, 04 Oct 2024 07:00:00 GMT to Sat, 15 Feb 2025 16:40:01 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -1
