DTE Energy Co

DTE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$252.00	Gpvpkt	Zxnshggmj

DTE Energy: Raising Fair Value Estimate After Jump in Capital Investment

Travis Miller

Dec 8, 2023

We are raising our fair value estimate for DTE Energy to $119 from $117 after management added $2 billion, or about 11%, to their five-year capital investment plan. The $25 billion plan for 2024-28 is slightly higher than we had forecast. We are reaffirming our narrow moat rating.

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