DTE Energy Co.

DTE Energy Co.

DTE Energy Co.

Overview
Date Founded

1995

Headquarters

One Energy Plaza, Detroit, MI, 48226-1279, USA

Type of Company

Public

Employees (Worldwide)

10.6K

Industries

Power & Utilities
Other Business & Consulting Services
Industrial Machinery & Manufacturing
Consumer Services
Oil & Gas

Company Description

DTE Energy Co. operates as a diversified energy company, which engages in the provision of electricity and natural gas sales, distribution and storage services. It operates through the following segments: Electric, Gas, Non-Utility Operations, and Corporate & Other. The Electric segment engages in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in south-eastern Michigan. The Gas segment engages in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan and the sale of storage and transportation capacity. The Non-Utility Operations segment engages in gas storage and pipelines, power and industrial projects, and energy trading. The Corporate & Other includes various holding company activities, holds certain non-utility debt, and holds energy-related investments. The company was founded in January 1995 and is headquartered in Detroit, MI.

Contact Data
Trying to get in touch with decision makers at DTE Energy Co.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Treasurer, Chief Risk Officer & Vice President

Vice President & Chief Information Officer

Senior Vice President & Chief Legal Officer

Vice President, Controller & Chief Accounting Officer

Chief Nuclear Officer & Senior Vice President

President & Chief Executive Officer, DTE Midstream

Vice President & General Auditor

Vice Chairman & Chief Administrative Officer

Board of Directors

Executive Chairman at DTE Energy Co.

President & Chief Executive Officer at American Red Cross

President & Chief Executive Officer at DTE Energy Co.

Director at The Downtown Detroit Partnership

Director at UNC Charlotte Foundation

Former President at Morehouse College

Former President & Chief Executive Officer at Domino's Pizza, Inc.

Former President & Chief Executive Officer at NiSource, Inc.

Former President at Lear Corporation

Managing Partner at Michigan Capital Advisors

Paths to DTE Energy Co.
Potential Connections via
Relationship Science
You
DTE Energy Co.
Owners & Shareholders
Details Hidden

Advent specializes in convertible, high yield and equity strategies. The firm manages over $6 billion in long-only products, hedge funds and closed-end mutual funds - providing a broad view of the market and the ability to take advantage of opportunities across the entire capital structure, globally. Our structure enables us to fully understand and implement various investment strategies including stocks, bonds, convertibles, credit default swaps, options and other derivatives. Advent manages three synergistic lines of business which includes long-only strategies, hedge fund strategies and closed-end mutual funds which are listed on the NYSE. Since inception, our credit-driven research focus has been a core driver of our investment success in both long-only and hedged strategies. Our success can be measured by the consistent performance we have achieved across the firm’s products. We add value by performing thorough internal credit research that translates into consistent returns with low volatility by protecting against the downside. We utilize a dynamic bottom-up, relative value approach to security selection. Our proprietary credit driven research process is designed to identify the most attractive securities with stable-to-improving fundamentals which offer upside potential and downside protection. Our global infrastructure is supported by a team of highly talented investment professionals with deep experience across the entire capital structure in global convertible, equity, high yield and bank loan markets. With offices in New York and London we are able to trade seamlessly around the clock.

Details Hidden

Camden Asset Management offers two basic strategies: hedged and long-only. The majority of their clients have a hedged strategy where the firm invests in convertible bonds, convertible preferred stocks, and warrants on a hedged basis. Camden Asset Management purchases (or sells) the convertible securities and sells (or buys) stock, bonds and/or options against these purchases (or sales). Most positions are in US domestic issuers, although some clients may also invest in non-US stocks and other securities. In the long-only strategy, the firm invests in the same security types as detailed for the hedged strategy but does not hedge those positions with the underlying stocks, options or bonds. Camden Asset Management employs a bottom-up approach using a combination of fundamental and quantitative analyses to security selection.

Details Hidden

Manulife IM-US utilizes a broad range of equity, fixed income, currency and asset allocation approaches. They manage differentiated investment processes and place an emphasis on proprietary fundamental research, but also employ quantitative analysis. The firm’s equity investment research combines quantitative and qualitative bottom-up fundamental analysis. Their fixed income management teams engage in intensive fundamental research and analysis, both top-down and bottom-up, to assess potential investment opportunities.

Recent Transactions
Details Hidden

purchases DT Midstream from DTE Energy Co.

Details Hidden

DTE Energy Co. issued USD Common Stock

Details Hidden

DTE Energy Co., DTE Midstream LLC purchase Stonewall Gas Gathering LLC from AltaGas Ltd.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onDTE Energy Co. purchases MCN Energy Group, Inc.

Legal Advisor

Advised onDTE Energy Co. purchases MCN Energy Group, Inc.

Investment Advisor

Advised on purchases DT Midstream from DTE Energy Co.

Associate

Advised onDTE Energy Co. purchases M3 Midstream LLC /Gas Midstream Subsidiaries 2 from M3 Holdings LLC

Legal Advisor

Advised onDTE Energy Co. purchases M3 Midstream LLC /Gas Midstream Subsidiaries 2 from M3 Holdings LLC

Attorney

Advised onAtlas Energy Resources LLC purchases Riverside Energy Michigan LLC from DTE Energy Co.

Advisors & Consultants
Advisor

Controller at Wayne State University

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Advisor

Senior Partner at Korn Ferry

Clients

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. The company sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. General Motors was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy's regulated electric utilities in the Carolinas, Florida and the Midwest. The Gas Utilities and Infrastructure segment focuses on Piedmont, Duke Energy's natural gas local distribution companies in Ohio and Kentucky, and Duke Energy's natural gas storage and midstream pipeline investments. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded on April 30, 1904 and is headquartered in Charlotte, NC.

Key Stats and Financials As of 2020
Market Capitalization
$27.4B
Total Enterprise Value
$42.7B
Earnings Per Share
$7.08
EBITDAMargin
29.19%
EBITDA
$3.58B
Revenue
$12.3B
Net Profit
$1.37B
Enterprise Value / Sales
3.48x
Enterprise Value EBITDAOperating
11.88x
TEVNet Income
31.28x
Debt TEV
0.46x
Total Debt
$19.7B
Total Equity
$12.6B
Three Year Compounded Annual Growth Rate Of Revenue
-0.79%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2014
Investments
Details Hidden

Crete Energy Venture LLC operates natural gas-fired power generation plants. It generates electric energy. The company was founded on December 26, 2000 and is headquartered in Stamford, CT.

Suppliers
MYR Group, Inc. Engineering, Construction & Architecture | Henderson, CO

MYR Group Inc. has been a leader in the electrical construction industry since 1891 and is currently one of the largest contractors serving the transmission and distribution (T&D) sector of the United States electrical utility industry. Our T&D clients include more than 125 electric utilities, cooperatives and municipalities nationwide. MYR Group also provides commercial and industrial (C&I) electrical contracting services to facility owners and general contractors in the Western United States. MYR Group companies offer a broad range of services including complete engineering, procurement and construction (EPC), upgrades, maintenance and repair services. Our companies offer proven safety performance, top-notch construction and pre-construction services, sophisticated project management and controls, and decades of field construction experience. We are capable of handling every aspect of large, fast-track projects in both the T&D and C&I markets. MYR Group companies have extensive experience working with a variety of project delivery methods: Traditional bid-build Construction only Design assist - constructability and estimating support during the design phase Full turnkey engineering-procurement-construction (EPC) of large complete projects MYR Group is currently represented by six subsidiaries, which consistently rank as leaders in the electrical contracting industry: The L.E. Myers Co.; Harlan Electric Company; Hawkeye Construction, Inc.; Sturgeon Electric Company, Inc.; Great Southwestern Construction, Inc. and MYR Transmission Services, Inc. With a broad national presence, skilled workforce, experienced management team, and one of the nation’s largest fleets of specialized transmission and distribution equipment, MYR Group is a powerful partner for success.

Enbridge, Inc. Alternative Energy | Calgary, Canada

Over the past 60 years, Enbridge has become a leader in the safe and reliable delivery of energy in North America and is proud to be recognized as one of the Global 100 Most Sustainable Corporations in the World. We transport energy, operating the world's longest, most sophisticated crude oil and liquids transportation system. We have a significant and growing presence in the natural gas transmission and midstream businesses, and an increasing involvement in power transmission. We generate energy, expanding our interests in renewable and green energy technologies including wind and solar energy, geothermal and hybrid fuel cells. We distribute energy, owning and operating Canada's largest natural gas distribution company, and provide distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge manages and has a 72.3 per cent overall interest in Enbridge Income Fund and a 25.5 per cent overall ownership in Enbridge Energy Partners, L.P. Enbridge’s corporate headquarters are in Calgary, Alberta and we employ about 6,900 people in Canada and the United States and are ranked as one of the Top 100 Employers to Work for in Canada, and one of Canada’s Greenest Employers. Enbridge Inc. common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

TC Pipelines LP Oil & Gas | Houston, TX

TC Pipelines LP engages in natural gas pipelines business. It transports natural gas in Western, Midwestern, and Eastern United States. The company was founded in 1998 and is headquartered in Houston, TX.

Awards & Honors
Rank #274
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #274
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by DTE Energy Co.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of DTE Energy Co.'s profile does not indicate a business or promotional relationship of any kind between RelSci and DTE Energy Co..