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DTE Energy Co

DTE: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$264.00VvchbpHkfypwzht

DTE Books Solid 2022 Results; Regulatory Negotiations in 2023 Will Be Key

We are reaffirming our $116 fair value estimate for DTE Energy after the company reported earnings per share of $6.10 from continuing operations in 2022, up from $5.99 in 2021. Earnings were slightly higher than our estimate and at the high end of management's revised guidance range but did not have a material impact on our fair value estimate. We are reaffirming our narrow moat and stable moat trend ratings.

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