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DTE Energy Co

DTE: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$397.00KbxqnynZxywmnbk

DTE Energy Earnings: Choppy Near-Term Results, but Still Long-Term Upside

We are reaffirming our $116 fair value estimate for DTE Energy after the company reported $1.44 per share of earnings from continuing operations during the third quarter of 2023, down from $1.60 during the same quarter in 2022. Mild weather and unusual storm activity were the primary negative year-over-year effects, partially offset by operating cost-savings. We are reaffirming our narrow moat rating.

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