DTE Energy is a Detroit-based diversified energy company with gas and electric operations including generation, transmission, and distribution. Its subsidiaries include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy trading, fuel transportation, and marketing businesses. The company currently has one nuclear generating facility. In 2021, DTE completed the spinoff of its midstream gas pipeline operations. Total revenues in 2025 topped $15.8 billion, of which 56% was from utility operations. DTE's fuel mix is approximately 41% coal, 19% nuclear, 26% natural gas, and about 14% renewable sources. The company is expanding its use of renewable fuels. It is more reliant on coal than some peers, but expects to finish completing the conversion to natural gas from coal at its Belle River plant by 2026 and at its Monroe plant by 2040. DTE retired the Trenton Channel and St. Clair coal power plants in 2022. It is also targeting net-zero carbon emissions by 2050. The company's market capitalization is just under $30 billion.

Stocks are broadly lower at midday, seemingly on track to close out what had been a positive week with a Friday flop. The headlines are about rising yields and renewed inflation fears, and seem to be more than enough for some investors to cash in a bit of their likely sizable recent gains. Indeed, as of this writing, the S&P 500 is off 0.89% for the day, but is up almost 6% in the last month. The Dow Jones Industrial Average is off 0.91% for the day, but up 2.4% in the past month. The Nasdaq Composite is lower by 1.42% today, but up 9.3% over the past 30 days. Meanwhile, earnings reports continue to come in, and the results so far have been impressive. Putting aside huge one-time gains from three of the 'Magnificent Seven' companies, earnings for calendar 1Q26 have featured notable gross-margin improvement on company efficiencies and supply-chain normalization. Earnings have also benefited from revenue growth that has exceeded any inflation impacts. That all said, breadth trends bear watching. While the large-cap indices have been making all-time highs day after day, there are breadth cracks everywhere else. That includes secondary indices, sectors, industries, and individual stocks. With most money invested in the mega-cap indices, there is no problem -- until there is. How long the AI party will last is unknown.

Stocks are broadly lower at midday, seemingly on track to close out what had been a positive week with a Friday flop. The headlines are about rising yields and renewed inflation fears, and seem to be more than enough for some investors to cash in a bit of their likely sizable recent gains. Indeed, as of this writing, the S&P 500 is off 0.89% for the day, but is up almost 6% in the last month. The Dow Jones Industrial Average is off 0.91% for the day, but up 2.4% in the past month. The Nasdaq Composite is lower by 1.42% today, but up 9.3% over the past 30 days. Meanwhile, earnings reports continue to come in, and the results so far have been impressive. Putting aside huge one-time gains from three of the 'Magnificent Seven' companies, earnings for calendar 1Q26 have featured notable gross-margin improvement on company efficiencies and supply-chain normalization. Earnings have also benefited from revenue growth that has exceeded any inflation impacts. That all said, breadth trends bear watching. While the large-cap indices have been making all-time highs day after day, there are breadth cracks everywhere else. That includes secondary indices, sectors, industries, and individual stocks. With most money invested in the mega-cap indices, there is no problem -- until there is. How long the AI party will last is unknown.

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.