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DTE Energy Has Become Attractive Again

Mar. 10, 2023 2:45 PM ETDTE Energy Company (DTE)4 Comments
Aristofanis Papadatos profile picture
Aristofanis Papadatos


  • DTE expects to grow its earnings per share by 6%-8% per year on average until 2027.
  • DTE is trading at a forward price-to-earnings ratio of 17.1, which is lower than the10-year average of 18.2 of the stock.
  • DTE is offering a 3.6% dividend and expects to raise its dividend by 6%-8% per year until 2027.
  • Thanks to all these factors, DTE is likely to offer a double-digit total annual return over the next five years.

Exterior Of Detroit Edison DTE Utility Company In Southeast Michigan


In late 2021, I recommended purchasing DTE Energy (NYSE:DTE) for its high dividend yield, its promising growth prospects and its attractive valuation. In the following year, the stock outperformed the S&P 500 by an impressive margin, as it rallied 22% whereas the

This article was written by

Aristofanis Papadatos profile picture
I am a chemical engineer with a MS in Food Technology and Economics. I am also the author of 2 mathematics books ("Arithmetic calculations without a calculator" and "Word Problems") and perform almost all the calculations in my mind, without a calculator, making it easier to make immediate investing decisions among many alternatives. I invest applying fundamental and technical analysis and mainly use options as a tool for both investing and trading. I have nearly achieved my goal of early retirement, at the age of 45. In my spare time, I follow Warren Buffett's principle: "Some men read playboy. I read financial statements".

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (4)

Go595lf profile picture
Thanks for your article and analysis. Bought shares of DTE last year. As a Michigan resident I have a lot of respect for the DTE's management and their views on sustainability and best choices for the consumers. Hope for the best !!!
DTE is impressively inept. The MI attorney general should fine all their last year's profits away for leaving hundreds of thousands of customers without power in winter for multiple days over consecutive weekends for non storm events Power reliability in their service area is like living in Ukraine.
J-Flo profile picture
@John Butter I have no problem with their service in our area, they are usually quick to respond to outages.
TheGizmo profile picture
@John Butter A little bitter, Butter? Have you actually been to Ukraine?
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