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DTE Energy Co (NYSE:DTE) announced the completion of its $1 billion offering of 2026 Series C 6.200% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due 2058. The sale was finalized Thursday, according to a statement made in a recent SEC filing.

The debentures were issued under a shelf registration statement filed with the Securities and Exchange Commission and are governed by an amended and restated indenture between DTE Energy and The Bank of New York Mellon Trust Company, N.A., as successor trustee, supplemented by a new agreement dated June 1, 2026.The new issuance adds to DTE’s existing debt load of $27 billion, with a debt-to-equity ratio of 2.19. According to InvestingPro analysis, which offers comprehensive financial metrics and Fair Value estimates for over 1,400 US stocks, the $30.6 billion utility company currently trades near its calculated Fair Value.

The offering consists of $1,000,000,000 in aggregate principal amount. The debentures carry an interest rate of 6.200% and mature in 2058.

DTE Energy is incorporated in Michigan and is listed on the New York Stock Exchange under the ticker DTE. The company also has several other series of junior subordinated debentures and common stock registered on the exchange.

This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, DTE Energy has declared a quarterly dividend of $1.165 per share on common stock, which is set to be paid on October 15, 2026, to shareholders of record as of September 21, 2026. The company also announced a significant $1.6 billion procurement agreement with LG Energy Solution Vertech for battery energy storage systems to be manufactured in Holland, Michigan. This agreement includes eight projects totaling 1.5 gigawatts or 6 gigawatt hours of capacity, with deliveries planned over a two-year period. Additionally, DTE Energy held its annual meeting where shareholders elected all 13 nominated directors to the board and approved executive pay proposals.

In related developments, Jefferies reported a rise in local opposition to data center construction across the United States, with a survey indicating that 71% of participants are opposed to such projects near their residences. Despite this opposition, Jefferies noted that certain regions like the Midwest, Southeast, Texas, and Northwest remain favorable for data center development. These recent developments highlight DTE Energy’s ongoing initiatives and the broader industry challenges faced by data center projects.

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