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MarketScreener Homepage  >  Equities  >  Nyse  >  DTE Energy Company    DTE

DTE ENERGY COMPANY

(DTE)
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Delayed Quote. Delayed Nyse - 10/30 04:10:00 pm
123.42 USD   -0.04%
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DTE Energy : CEO offers statement of support for Michigan's first-of-its-kind carbon credit program

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09/18/2020 | 04:50pm EDT

DTE Energy CEO offers statement of support for Michigan's first-of-its-kind carbon credit program by DTE Energy

The Michigan Department of Natural Resources (DNR) and Governor Whitmer announced a new carbon credit plan supporting more than 100,000 acres of forestland at the Pigeon River Country State Forest in the northern Lower Peninsula. Michigan's 20 million acres of forest are a natural carbon capturing asset.

"We fully support the recent announcement made by Michigan's DNR to establish a carbon credit program while sustainably managing Michigan's forests," said Jerry Norcia, DTE Energy president and CEO. "DTE is committed to a carbon neutral future and we recognize that many solutions will need to come to bear in order to accomplish this goal. Wind, solar, renewable natural gas, hydrogen, bio-sequestration, among additional solutions, will play an important role as our country works to reverse climate change. We congratulate the Governor and her administration for this great move forward."



About DTE Energy

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric and Gas aspire to achieve net zero carbon and greenhouse gas emissions by 2050. DTE is committed toserving with its energythrough volunteerism, education and employment initiatives,philanthropyand economic progress. Information about DTE is available atdteenergy.com,empoweringmichigan.com,twitter.com/dte_energyandfacebook.com.

For further information, members of the media may call:

Pete Ternes, DTE Energy, 313.235.5555

Disclaimer

DTE Energy Company published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 19:49:01 UTC


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Financials (USD)
Sales 2020 13 316 M - -
Net income 2020 1 357 M - -
Net Debt 2020 19 101 M - -
P/E ratio 2020 17,9x
Yield 2020 3,30%
Capitalization 23 899 M 23 899 M -
EV / Sales 2020 3,23x
EV / Sales 2021 3,31x
Nbr of Employees 10 700
Free-Float 99,4%
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Technical analysis trends DTE ENERGY COMPANY
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 18
Average target price 135,59 $
Last Close Price 123,42 $
Spread / Highest target 25,6%
Spread / Average Target 9,86%
Spread / Lowest Target -1,96%
EPS Revisions
Managers
NameTitle
Gerardo Norcia President, Chief Executive Officer & Director
Gerard M. Anderson Executive Chairman
David Ruud Chief Financial Officer & Senior Vice President
Steven B. Ambrose Chief Information Officer & Vice President
Gail J. McGovern Independent Director
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