DTE Energy: Slow And Steady Dividend Grower

Jun. 30, 2022 2:08 PM ETDTE Energy Company (DTE)DTM13 Comments

Summary

  • DTE Energy was holding up well with the rest of the utility space before the latest declines pulled the sector down.
  • Utilities aren't necessarily cheap yet, but their defensive nature can be what investors look for during uncertain times.
  • They have continued on their path of growing their dividend after adjusting for their DTM spin-off.
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Exterior Of Detroit Edison DTE Utility Company In Southeast Michigan

ehrlif/iStock Editorial via Getty Images

Written by Nick Ackerman. This article was originally published to members of Cash Builder Opportunities on June 16th, 2022.

Utilities had been one area of the market that was holding up relatively well through

Utilities Select Sector SPDR ETF price

Ycharts

Sector P/E Ratios

Sector P/E Ratios (Finviz)

DTE vs DTM price

Ycharts

DTE EPS Estimates

DTE EPS Estimates (DTE Energy)

DTE Earnings Surprise History

DTE Earnings Surprise History (Seeking Alpha)

DTE Generation Mix

DTE Generation Mix (DTE Energy)

DTE Vantage Operating Earnings

DTE Vantage Operating Earnings (DTE Energy)

DTE Energy debt to equity ratio

Ycharts

DTE Dividend History

DTE Dividend History (Seeking Alpha)

DTE Rate Base Growth

DTE Rate Base Growth (DTE Energy)

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Disclosure: I/we have a beneficial long position in the shares of DTE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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