AllAnalyst Report
logoArgusNovember 23, 2022

DTE Energy Company: Reaffirming BUY and $140 target

Symbols
DTE
Sector(s)
Utilities
Rating
Current Price
$110.53
Price Target
Earnings Estimate
Summary

DTE Energy is a Detroit-based diversified energy company. Its operating units include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy businesses focused on power and industrial projects, fuel transportation, and marketing. About 60% of revenues are from nonutility operations. In July 2021, DTE completed the spinoff of its midstream gas pipeline operations. DTE's fuel mix is approximately 40% coal, 20% nuclear, and 22% natural gas, with the remainder from other sources. The company is expanding its use of renewable fuels. It is more reliant on coal than some peers, but is planning to stop usin

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade