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. is 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 is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan. The Gas segment is engaged 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
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Executives & Employees

President, Chief Executive Officer & Director

Chief Executive Officer

President & Chief Operating Officer

Senior Vice President & Chief Financial Officer

Senior Vice President & General Counsel

Senior Vice President, Deputy General Counsel & Chief Tax Officer

Treasurer, Chief Risk Officer & Vice President

Vice President & Chief Information Officer

Chief Nuclear Officer

Chief Accounting Officer, Controller & Vice President

Board of Directors

President & Chief Executive Officer at The American Red Cross

President, Chief Executive Officer & Director at DTE Energy Co.

Former President & Chief Executive Officer at NiSource, Inc.

President & Chief Executive Officer at Escambia Enterprises LLC

Director at UNC Charlotte Foundation

Director at The Downtown Detroit Partnership

President at Morehouse College

Former President at Lear Corporation

Chief Executive Officer, Director at Burger King Corporation

Former President & Chief Executive Officer at Westinghouse Electric Company LLC

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Owners & Shareholders
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CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm is committed to maintaining low operating expenses, among the lowest in the fund industry. They utilize fundamental research to gather in-depth information on markets and companies around the world. CWI employs a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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Victory Capital Management Inc., an investment advisory firm, manages assets for institutions and individuals. With over a century of investment management experience, Victory offers clients: Disciplined, market-tested investment processes CIO’s for each strategy, focusing on generating alpha and minimizing risk Quantitative and qualitative research Reliable service delivered by Sales and Client Relationship professionals A commitment to hold professionals accountable to meet client expectations and reward performance accordingly An environment to attract, develop and retain talented professionals

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Reaves Asset Management is a value-based investors which invest in electric, gas, and water utilities, energy companies, telecommunications companies, and the companies that support these industries. Their investment decision-making process is a combination of top down macro-analysis and bottom-up stock selection. Investment decisions are driven by fundamental research and an assessment of the relative value of each investment. Reaves Asset Management currently offers three investment strategies within its area of specialization: Long Term Value, Current Income and Inflation Hedge.

Recent Transactions
Details Hidden

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

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DTE Energy Co. purchases LS Power Development LLC /NY//Renaissance Power Plant from LSP Generation Holding LLC

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DTE Energy Co. purchases Nextera Energy Resources LLC /Pheasant Run Wind Park from NextEra Energy, Inc.

Insider Transactions
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Transaction Advisors
Accountant

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

Investment Advisor

Advised onTrimaran Capital Partners LLC, Kohlberg Kravis Roberts & Co. LP purchase International Transmission Co. from DTE Energy Co.

Legal Advisor

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

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
Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Advisor

Senior Partner at Korn Ferry

Advisor

Former Chief Accounting Officer of Company & the Detroit Edison at DTE Energy Co.

Clients

Duke Energy Corp. engages in 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 primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

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

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products. The Consumer Tissue segment produces and sells facial and bathroom tissue, paper towels, napkins, and related products for household use. The K-C Professional segment supplies workplace supporting products such as wipers, tissue, towels, apparel, soaps, and sanitizers. The company was founded by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Frank C. Shattuck in 1872 and is headquartered in Irving, TX.

Key Stats and Financials As of 2018
Market Capitalization
$23.6B
Total Enterprise Value
$34.5B
Earnings Per Share
$6.18
Revenue
$14.2B
EBITDAMargin
20.22%
EBITDA
$2.87B
Net Profit
$1.12B
Total Debt
$14.2B
Total Equity
$10.7B
Enterprise Value Sales
2.43x
Enterprise Value EBITDAOperating
12.02x
TEVNet Income
30.87x
Debt TEV
0.41x
Three Year Compounded Annual Growth Rate Of Revenue
11.22%
Five Year Compounded Annual Growth Rate Of Revenue
8.08%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2014
Investments
Details Hidden

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

Suppliers
MYR Group, Inc. Biotechnology | Rolling Meadows, IL

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, AB

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 nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc., which is an indirect, wholly-owned subsidiary of TransCanada. 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
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