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DTE Energy Co

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

DTE Energy Earnings: Overcoming Warm Winter, Storms Will Be Task for 2023

We are reaffirming our $116 fair value estimate for DTE Energy after the company reported earnings per share of $1.33 from continuing operations during the first quarter of 2023, down from $2.31 during the same quarter in 2022. The drop was primarily due to unfavorable warm winter weather and large storms, as we expected. We are reaffirming our narrow moat and stable moat trend ratings.

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