Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). DTE Energy Co's share price for the quarter that ended in Mar. 2024 was $112.14. DTE Energy Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 207 Mil. Therefore, DTE Energy Co's market cap for the quarter that ended in Mar. 2024 was $23,213 Mil.
DTE Energy Co's quarterly market cap
increased
from Sep. 2023 ($20,477 Mil) to Dec. 2023 ($22,753 Mil) and
increased
from Dec. 2023 ($22,753 Mil) to Mar. 2024 ($23,213 Mil).
DTE Energy Co's annual market cap
increased
from Dec. 2021 ($23,161 Mil) to Dec. 2022 ($24,168 Mil) but then
declined
from Dec. 2022 ($24,168 Mil) to Dec. 2023 ($22,753 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. DTE Energy Co's Enterprise Value for Today is $44,599 Mil.
DTE Energy Co Market Cap Historical Data
The historical data trend for DTE Energy Co's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of DTE Energy Co's Market Cap
For the Utilities - Regulated Electric subindustry, DTE Energy Co's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
DTE Energy Co's Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, DTE Energy Co's Market Cap distribution charts can be found below:
* The bar in red indicates where DTE Energy Co's Market Cap falls into.
DTE Energy Co Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
DTE Energy Co's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
DTE Energy Co (NYSE:DTE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
DTE Energy Co Market Cap Related Terms
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DTE Energy Co (DTE Energy Co) Business Description
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.
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