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DTE Energy Co DTE Stock Quote

| Rating as of

NYSE:DTE

Morningstar‘s Stock Analysis DTE

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

DTE Continues Solid Performance; Long-Term Growth Updates Coming Soon

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $115 per share fair value estimate for DTE Energy after management reported $1.60 per share of operating earnings in the third quarter of 2022, down from $1.72 in the third quarter of 2021. However, results are on track to meet our full-year and long-term growth outlook after adjusting for the large swings in earnings at DTE's legacy non-utility business. We are reaffirming our narrow moat and stable moat trend ratings.

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Key Statistics DTE

Company Profile DTE

Business Description

DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.

Contact
One Energy Plaza
Detroit, MI, 48226-1279
T +1 313 235-4000
Industry Utilities - Regulated Electric
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 10,300

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