Stock Analyst Note
DTE Energy Earnings: Michigan Regulatory Outcomes Critical Piece of Growth Plan
We are reaffirming our $121 fair value estimate for DTE Energy after the company reported $1.43 per share of operating earnings during the second quarter, up from $0.99 during the second quarter of 2023. The growth was in part due to implementation of customer rate increases, as we expected. We are also maintaining our narrow moat rating.