DTE Energy Company

Peter Thiel's Thiel Macro LLC disclosed a $418.7 million portfolio across eight positions as of June 30, 2026, with seven of the eight bets focused on the physical energy bottleneck constraining AI buildout. The largest disclosed positions are Amazon at $118.0 million, Vista Energy at $75.9 million, Vistra at $59.1 million, American Electric Power at $42.2 million, DTE Energy at $40.3 million, FirstEnergy at $39.9 million, CMS Energy at $39.6 million, and X-Energy at $3.7 million. The filing reflects long US equity positions only and excludes shorts, derivatives, private stakes, and non-US listings. The thesis centers on power supply rather than chips, with utilities like American Electric Power disclosing 69 gigawatts of contracted load additions through 2030 and a $78 billion five-year capital plan, while Vistra leverages its nuclear fleet and the pending Cogentrix deal. Amazon's AWS revenue surged 36.7% year-over-year to $42.2 billion in Q2, and its roughly $500 million investment in X-Energy positions it as both a creator and solver of the AI power bottleneck.

LG Energy Solution has started production at its new battery manufacturing facility in Lansing, Michigan, as the South Korean company expands its North American supply base for both energy storage systems and electric vehicles. The 226-acre plant is designed to reach more than 35 gigawatt-hours of annual battery production capacity at full scale, with the company investing more than $2 billion in the facility since 2022 and expecting employment to rise from about 900 workers currently to 1,700 at full production. The Lansing plant will manufacture lithium iron phosphate cells for energy storage applications as well as higher-energy-density nickel-manganese-cobalt cells for electric vehicles, with the LFP cells integrated into utility-scale and commercial storage systems by LG Energy Solution Vertech and Michigan utility DTE Energy among the customers. On the automotive side, Lansing will manufacture NMC cells for Toyota, including batteries intended for vehicles such as the 2027 Toyota Highlander EV, under a long-term U.S. battery supply agreement covering about 20 gigawatt-hours annually. The facility was originally developed as an Ultium Cells joint venture between LG Energy Solution and General Motors, but GM agreed in 2024 to sell its interest in the nearly completed plant to its Korean partner, and LG Energy Solution now operates two manufacturing facilities in Michigan with more than $5 billion invested in the state since 2010.

DTE Energy reported second-quarter operating earnings of $274 million, or $1.32 per share. DTE Electric earnings fell $48 million from the prior year to $270 million, while DTE Gas operating earnings declined $10 million. DTE Vantage operating earnings rose $14 million to $45 million, and energy trading earnings increased $17 million to $41 million. The company plans annual equity issuances of $500 million to $600 million from 2026 through 2028 and targets operating EPS growth of 6% to 8% through 2030.

Several major companies announced quarterly dividends. AbbVie declared a quarterly cash dividend of $1.73 per share, payable August 14, 2026 to stockholders of record on July 15, 2026. World Kinect declared a quarterly cash dividend of $0.23 per share, a 15 percent increase over its previous $0.20 per share, payable July 16, 2026 to shareholders of record on June 30, 2026. Owens Corning declared a quarterly cash dividend of $0.79 per common share, payable August 6, 2026 to shareholders of record on July 20, 2026. Delta Air Lines declared a quarterly dividend of $0.2150 per share, an increase of approximately 15 percent over previous levels, payable July 30, 2026 to shareholders of record on July 9, 2026. Eli Lilly declared a third-quarter 2026 dividend of $1.73 per share, payable September 10, 2026 to shareholders of record on August 14, 2026. DTE Energy declared a $1.165 per share dividend on its common stock, payable October 15, 2026 to shareholders of record on September 21, 2026.

DTE Energy is approaching its 52-week high with a buy rating and a year-end 2026 price target of $155.41, implying roughly 11% upside from its current $147.19. The bullish case is anchored by a 6 GW hyperscaler pipeline that includes a 1 GW Google data center in Van Buren Township and a 1.4 GW, 19-year supply agreement with Oracle in Saline Township, which management says could push operating EPS compound annual growth above 8% from 2027 to 2030. The company reaffirmed 2026 operating EPS guidance of $7.59 to $7.73 after a first-quarter miss driven by an Energy Trading loss and higher interest expense. Even the bear case holds the stock near $148, supported by a beta of 0.39 and a 3% dividend yield, while the bull case reaches $170.39 on a 12-month view.

General Motors announced a software update that will allow certain U.S. electric vehicle owners to transmit power back to the electric grid. The update expands the existing vehicle-to-home system, which already lets EVs supply residential power during blackouts, to a vehicle-to-grid model where owners can sell electricity to utility companies during periods of high demand, with GM taking a portion of those payments. Aseem Kapur, Chief Revenue Officer of GM Energy, said the company is in talks with about ten utilities and expects the commercial rollout to begin in the coming months, initially focusing on Texas and California. A separate localized pilot initiative with DTE Energy is also underway in Michigan. The move highlights a broader industry trend of automakers like Ford following Tesla's lead in the energy sector.

DTE Energy's board of directors declared a quarterly dividend of $1.165 per share on its common stock. The dividend is payable on October 15, 2026, to shareholders of record as of the close of business on September 21, 2026. The company noted it continues a more than 100-year history of issuing cash dividends.