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DTE Energy Company Message Board

  • mcn_no_more mcn_no_more Aug 14, 2009 6:59 PM Flag

    making money with DTE

    That same dividend yield acts as a cushion on the downside when times are tough, and as a slight brake on growth during more prosperous periods, as a greater allocation of profits are steered from operations toward shareholders. Below are three bright lights in the utilities sector with great yields and otherwise equally impressive fundamentals.

    Motown Energy
    DTE Energy Company (NYSE:DTE) pays investors 6.2% annually and trades with a P/E of about 10. The stock is up nearly a third since hitting lows in March of this year, besting the DJUA by 5%.

    DTE delivers electricity and natural gas to customers in the State of Michigan via two separate business units, Detroit Edison and MichCon, respectively, and between them, they bill nearly 3.5 million customers. The stock trades with a P/B of 0.92 and a price/sales ratio of 0.67.(Learn how to evaluate the quality of these numbers and more in our Financial Raitos Tutorial.)

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