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DTP - DTE Energy: EPS Growth Should Continue Thanks To Its Capital Projects
DTE Energy Co. - Units
Investment Thesis
DTE Energy (DTE) had a challenging Q1 2020 primarily due to unfavorable weather. The outbreak of COVID-19 will impact its Q2 2020 earnings, but its lean actions will help offset the impact and maintain its 2020 EPS guidance. DTE Energy plans to invest $19 billion of capital projects to grow its EPS by about 5%-7% annually through 2024. This will also result in EPS and dividend growth. The company currently pays a growing 3.5%-yielding dividend. It is also trading at a discount to its historical average and to its peers. This is a