DTE Energy Amends 8-K to Detail Junior Subordinated Debentures
Ticker: DTB · Form: 8-K/A · Filed: Feb 5, 2024 · CIK: 936340
| Field | Detail |
|---|---|
| Company | Dte Energy Co (DTB) |
| Form Type | 8-K/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $200,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, debt, securities-registration
TL;DR
**DTE Energy just clarified its publicly traded debt, giving investors a fuller financial picture.**
AI Summary
DTE Energy Co. filed an amended 8-K/A on February 5, 2024, to update its original June 22, 2023 filing. This amendment clarifies the securities registered under Section 12(b) of the Exchange Act, specifically adding details about its "2017 Series E 5.25% Junior Subordinated Debentures Due 2077," "Series G 2020 4.375% Junior Subordinated Debentures Due 2080," and "Series E 2021 4.375% Junior Subordinated Debentures Due 2081." This matters to investors because it provides a more complete picture of the company's financial structure and publicly traded debt instruments, which can influence its overall risk profile and cost of capital.
Why It Matters
This filing provides a clearer picture of DTE Energy's publicly traded debt, which helps investors understand the company's financial obligations and capital structure.
Risk Assessment
Risk Level: low — This is an amendment to clarify existing information, not a new event, and does not indicate a significant change in the company's financial health.
Analyst Insight
Investors should review the details of these junior subordinated debentures to understand DTE Energy's long-term debt obligations and how they fit into the company's overall capital structure, especially if considering the company's bonds.
Key Numbers
- 5.25% — Interest Rate (for 2017 Series E Junior Subordinated Debentures Due 2077)
- 4.375% — Interest Rate (for Series G 2020 Junior Subordinated Debentures Due 2080 and Series E 2021 Junior Subordinated Debentures Due 2081)
- 2077 — Maturity Year (for 2017 Series E Junior Subordinated Debentures)
- 2080 — Maturity Year (for Series G 2020 Junior Subordinated Debentures)
- 2081 — Maturity Year (for Series E 2021 Junior Subordinated Debentures)
Key Players & Entities
- DTE Energy Company (company) — the registrant filing the 8-K/A
- New York Stock Exchange (company) — where DTE's common stock is registered
- 5.25% (dollar_amount) — interest rate for 2017 Series E Junior Subordinated Debentures
- 4.375% (dollar_amount) — interest rate for Series G 2020 and Series E 2021 Junior Subordinated Debentures
- June 22, 2023 (date) — date of the earliest event reported in the original 8-K
- February 5, 2024 (date) — date the 8-K/A was filed
FAQ
What is the purpose of this 8-K/A filing by DTE Energy Co.?
The 8-K/A is an Amendment No. 1 to the original 8-K filed on June 22, 2023. Its purpose is to provide additional details regarding the securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, specifically listing various Junior Subordinated Debentures.
What specific securities were added or clarified in this amendment?
The amendment clarifies the registration of "2017 Series E 5.25% Junior Subordinated Debentures Due 2077," "Series G 2020 4.375% Junior Subordinated Debentures Due 2080," and "Series E 2021 4.375% Junior Subordinated Debentures Due 2081."
When was the earliest event reported in the original 8-K that this amendment refers to?
The earliest event reported in the original 8-K was June 22, 2023, as stated in the filing: "Date of Report (Date of earliest event reported): June 22, 2023."
What is the interest rate and maturity year for the 2017 Series E Junior Subordinated Debentures mentioned?
The 2017 Series E Junior Subordinated Debentures have an interest rate of 5.25% and are due in 2077, as specified in the filing: "2017 Series E 5.25% Junior Subordinated Debentures Due 2077."
Where is DTE Energy Co.'s common stock registered for trading?
DTE Energy Co.'s common stock, without par value, is registered on the New York Stock Exchange, as indicated under "Name of Exchange on which Registered."
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-02-05 16:31:08
Key Financial Figures
- $200,000 — Company's Board of Directors approved a $200,000 increase in Ms. Harris's base salary ef
Filing Documents
- dte-20230622.htm (8-K/A) — 26KB
- dte-20230622_g1.jpg (GRAPHIC) — 6KB
- 0000936340-24-000070.txt ( ) — 221KB
- dte-20230622.xsd (EX-101.SCH) — 4KB
- dte-20230622_def.xml (EX-101.DEF) — 16KB
- dte-20230622_lab.xml (EX-101.LAB) — 34KB
- dte-20230622_pre.xml (EX-101.PRE) — 17KB
- dte-20230622_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 5, 2024 DTE Energy Company (Registrant) /s/Diane M. Antishin Diane M. Antishin Vice President - Human Resources and Chief Diversity and Inclusion Officer