DTE Energy

DTE Energy’s stock climbed to a record high of $155.11. The utility has a market capitalization of $32.2 billion and a P/E ratio of 25.49; the stock rose 18.92% over the past year. DTE also placed $1 billion of subordinated notes (coupon 6.200%, maturity 2058) and announced a quarterly dividend of $1.165 (payment date Oct 15, 2026; ex‑dividend date Sept 21, 2026). Renee Tomina was appointed president and COO of DTE Gas; an InvestingPro analysis currently rates the stock as overvalued relative to its fair value. » More on de.investing.com

Rural Michigan residents protest DTE Energy’s fast-tracked $7 billion Stargate data center, citing risks to electricity rates and water supply. Nationwide, datacenters are driving large investments in renewables, batteries and fuel cells but are also causing utilities to keep or build fossil-fuel plants to meet urgent demand. Tech firms are increasingly funding onsite clean energy solutions to bypass grid delays, benefiting some clean-energy firms while raising concerns about long-term grid and climate impacts. » More on theguardian.com

DTE Energy has completed the placement of junior subordinated debentures totaling $1 billion (Series C 2026) with a 6.200% coupon and maturity in 2058. The issuance is based on a shelf prospectus filed with the SEC and increases the utility’s total debt to around $27 billion, with a leverage ratio of 2.19. The bond terms provide for an amended indenture with The Bank of New York Mellon Trust Company as successor trustee. » More on de.investing.com

DTE Energy signed a $1.6 billion procurement agreement with LG Energy Solution Vertech for eight battery storage projects (1.5 GW / 6 GWh), manufactured in Holland, Michigan. Deliveries are to be completed within two years, and the systems will store excess power for peak demand coverage and to help meet Michigan’s renewable and clean energy standards. The project secures about 1,800 manufacturing jobs, creates more than 350 construction and operations positions, and is expected to generate roughly $2.3 billion in economic impact. » More on de.investing.com

At the annual meeting shareholders elected all 13 nominated DTE Energy board candidates to one‑year terms through 2027 and approved the appointment of PricewaterhouseCoopers as auditor. In a non‑binding vote shareholders also approved executive compensation. DTE reported Q1 adjusted EPS of $1.95 (below consensus), but confirmed its full‑year guidance and announced a quarterly dividend of $1.165; management expects EPS to grow by at least 8% annually from 2027 through 2030. Several analysts consequently raised their price targets, while the company said that after a filing with the Michigan Public Service Commission it does not plan to raise electricity rates for two years. » More on de.investing.com