$DTE (DTE Energy Company)

$DTE {{ '2016-07-06T14:50:23+0000' | timeago}} • Announcement

$DTE said it is on track to fulfill its pledge to bring more work back to the Michigan state by spending more than $1Bil with Michigan-based companies this year. $DTE's CEO Gerry Anderson today said that through the month of May, $DTE spent more than $480MM with Michigan-based companies, well above its first quarter target of $333MM.

$DTE {{ '2017-07-11T13:49:38+0000' | timeago}} • Announcement

Energy company $DTE has appointed Rodney Cole as the director of state government affairs. He succeeds Jim Padgett, who will be retiring in September. Most recently, Cole served as head of DTE’s Wayne County regional relations team, serving as the primary contact between the company and local municipalities.

$DTE {{ '2017-06-22T20:35:24+0000' | timeago}} • Announcement

$DTE Board of Directors declared a $0.825 per share dividend payable Oct. 15, 2017, to shareholders of record at the close of business Sept. 18, 2017.

$DTE {{ '2017-05-25T17:55:07+0000' | timeago}} • Announcement

DTE Biomass Energy, subsidiary of $DTE, acquired 2 landfill gas-to-energy projects in Texas, purchasing both the operating Fort Bend Power Producers, LLC facility just outside of Rosenberg and the Seabreeze landfill gas development project in Angleton. Construction of the Seabreeze plant is expected to commence next month.

$DTE {{ '2017-04-26T12:14:02+0000' | timeago}} • Announcement

$DTE reiterated 2017 operating EPS guidance of $5.15-5.46. The company said its continued focus on operational cost savings will allow it to achieve financial goals and improve service levels for customers, despite winter was warmer than expected and it experienced a historic wind storm.

$DTE {{ '2017-04-26T12:11:35+0000' | timeago}} • Announcement

$DTE reported a jump in 1Q17 earnings driven in large part by its businesses outside of its utilities. Net income rose to $394MM or $2.23 per share from $240MM or $1.37 per share last year. Revenue grew to $3.24Bil from $2.57Bil. Operating EPS increased to $1.79 from $1.52.

$DTE {{ '2017-04-19T15:59:09+0000' | timeago}} • Announcement

$DTE opened its Discovery Center in Bad Axe, Mich., a 3,000 square-foot space available for use by local community groups and equipped with state-of-the-art multi-media capabilities and renewable energy education videos.

$DTE {{ '2017-02-09T13:12:14+0000' | timeago}} • Announcement

$DTE has reaffirmed its 2017 operating EPS guidance of $5.15 to $5.46. For 2016, the company reported operating earnings of $5.28 per diluted share, an increase of 9.5% from last year.

$DTE {{ '2017-02-09T13:08:49+0000' | timeago}} • Announcement

$DTE reported a 64% YoY jump in its 4Q16 earnings to $131MM, or $0.73 per diluted share, driven by favorable weather condition. Operating revenue for the quarter increased 15.5% YoY to $2.8Bil.

$DTE {{ '2017-02-03T15:54:20+0000' | timeago}} • Announcement

$DTE's BoD declared a quarterly dividend of $0.825 per share on its common stock. The dividend is payable on April 15, 2017 to shareholders of record on March 20, 2017.

$DTE {{ '2016-11-28T18:27:27+0000' | timeago}} • Announcement

$DTE announced its intention to offer to sell a new series of junior subordinated debentures due Dec. 1, 2076. The company intends to use the net proceeds of the offering to redeem its 2011 Series I 6.50% junior subordinated debentures due 2061 of which $280MM aggregate principal amount are outstanding.

$DTE {{ '2016-11-10T17:15:21+0000' | timeago}} • Announcement

$DTE appointed David Johnson, VP of Customer Service & Marketing as SVP, Customer Service & Economic Development. The company also appointed JoAnn Chavez, Chief Tax Officer as Legal & Chief Tax Officer, and Randall Rutkofske, Executive Director & General Counsel of DTE Electric as Legal – Utility Operations.

$DTE {{ '2016-11-07T11:46:58+0000' | timeago}} • Announcement

$DTE declared an $0.825 per share dividend on its common stock payable Jan. 15, 2017, to shareholders of record at the close of business Dec. 19, 2016.

$DTE {{ '2016-11-02T18:22:47+0000' | timeago}} • Announcement

$DTE appointed Heather Rivard as SVP, Distribution Operations within its electric business, effective immediately. Marco Bruzzano has been named VP, Distribution Operations. Frank Warren is named SVP, Fossil Generation. Matthew Paul is appointed VP, Plant Operations for the company's fossil generation business.

$DTE {{ '2016-10-26T21:22:26+0000' | timeago}} • Webcast

$DTE still expects to invest nearly $1.6Bil at the electric company and $430MM at the gas company for 2016. The company's total CapEx for the year is nearly $3.8Bil.

$DTE {{ '2016-10-26T21:20:33+0000' | timeago}} • Webcast

In 2016, $DTE is increasing cash from operations by $200MM due to the strong cash performance year-to-date. CapEx is increasing by $1.1Bil, which is mainly due to the recent acquisition of the gas midstream assets. The company is increasing its debt financing by $900MM, which was used in part by recent acquisition and for general corporate uses.

$DTE {{ '2016-10-26T21:17:58+0000' | timeago}} • Webcast

$DTE's Corporate and Other segment is trending towards the lower end of guidance, driven by tax true-ups. In 4Q16, the company expects Energy Trading to have accounting income that covers its expenses, which puts them at the high end of the guidance range.

$DTE {{ '2016-10-26T11:48:15+0000' | timeago}} • Announcement

$DTE raised its 2016 operating EPS guidance to $5.09-5.35 from $4.91-5.19. Operating earnings for 3Q16 were $353MM or $1.96 per diluted share, compared with $252MM or $1.40 per diluted share last year.

$DTE {{ '2016-10-26T11:46:05+0000' | timeago}} • Announcement

$DTE reported higher earnings in 3Q16, mainly driven by continued warm weather throughout the summer months at its electric utility. Net income attributable to the company was $338MM or $1.88 per diluted share, compared with $265MM or $1.47 per diluted share in 3Q15. Operating revenues grew about 13% from a year ago to $2.93Bil.

$DTE {{ '2016-10-21T11:37:47+0000' | timeago}} • Announcement

$DTE said it completed the $1.3Bil purchase of midstream natural gas assets in Pennsylvania and West Virginia. The acquired assets are in a highly productive area of the Southwest Marcellus/Utica region. In early Oct., the company successfully financed the deal through the issuance of $675MM of equity units and the remainder with senior notes.

$DTE {{ '2016-09-29T18:28:36+0000' | timeago}} • Announcement

$DTE plans to build natural gas turbine plants to provide approx. 1,000 megawatts of energy and create new jobs for Michigan residents. The company will invest $1.0-1.5Bil. They are expected to be completed between 2021 and 2023. The new energy generated will replace a portion of the capacity from coal-fired plants $DTE intends to retire by 2023.

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