DTE Energy Offers A Rare Combination Of Attractive Yield And Strong Growth

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About: DTE Energy Company (DTE)
by: Aristofanis Papadatos
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Aristofanis Papadatos
Oil & gas, portfolio strategy, value, bonds
Summary

In the current environment of low interest rates, most investors are struggling to identify stocks with attractive yields and reasonable valuation levels.

DTE Energy is a rare utility stock, as it combines an attractive yield with strong growth prospects.

DTE Energy is offering a 3.2% dividend yield and is likely to grow its dividend by about 7% per year for at least the next five years.

Due to the cuts of interest rates by the Fed and the all-time high level of the S&P, it has become quite challenging for investors to identify stocks with attractive yields and reasonable valuation levels.