DTP - DTE Energy: A Conservative Way To Invest In Renewables
- DTE Energy is a reasonably safe utility play, which should prove appealing to money seeking a home in today's uncertain world.
- The company has a history of outperforming the broader utilities sector.
- DTE is highly committed to expanding its footprint in renewables, which could attract some ESG money and help it continue its outperformance.
- The company was able to maintain its historic growth straight through the pandemic and economic lockdowns and even recently boosted its dividend.
- DTE has one of the more conservative financial structures in the industry, but its lack of a positive free cash flow creates risks.
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DTE Energy: A Conservative Way To Invest In Renewables