|
Video: What is a Stock Split?
|
|
DTE Energy Co. is a diversified energy company, which is involved in the development and management of energy-related businesses and services nationwide. Co.'s segments include Electric, Gas, DTE Vantage, Energy Trading, and Corporate and Other. Electric segment consists principally of DTE Electric, which is engaged in the generation, purchase, distribution, and sale of electricity to residential, commercial, and industrial customers in southeastern Michigan. Gas segment consists principally of DTE Gas, which is engaged in the purchase, storage, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers throughout Michigan. According to our DTE Energy stock split history records, DTE Energy has had 1 split. | |
|
DTE Energy (DTE) has 1 split in our DTE Energy stock split history database. The split for DTE took place on July 01, 2021. This was a 1175 for 1000 split, meaning for each 1000 shares of DTE owned pre-split, the shareholder now owned 1175 shares. For example, a 1000 share position pre-split, became a 1175 share position following the split.
When a company such as DTE Energy splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DTE Energy stock split history from start to finish, an original position size of 1000 shares would have turned into 1175 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DTE Energy shares, starting with a $10,000 purchase of DTE, presented on a split-history-adjusted basis factoring in the complete DTE Energy stock split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
12/12/2014 |
|
End date: |
12/10/2024 |
|
Start price/share: |
$69.69 |
|
End price/share: |
$121.97 |
|
Starting shares: |
143.49 |
|
Ending shares: |
198.46 |
|
Dividends reinvested/share: |
$31.82 |
|
Total return: |
142.06% |
|
Average Annual Total Return: |
9.24% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$24,205.95 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
12/12/2014 |
|
End date: |
12/10/2024 |
|
Start price/share: |
$69.69 |
|
End price/share: |
$121.97 |
|
Dividends collected/share: |
$31.82 |
|
Total return: |
120.68% |
|
Average Annual Total Return: |
8.23% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$22,058.23 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
07/01/2021 | 1175 for 1000 |
|
|