DTP - DTE Energy: Steady Growth And Spin-Off Could Make This Utility An Appealing Play

• DTE Energy primarily provides electricity and natural gas utility service to its customers in the state of Michigan.
• The company also has a FERC-regulated midstream unit that it is going to spin-off in a tax-free transaction sometime mid-2021.
• This transaction should prove rewarding to shareholders as each unit will be able to focus on its own strengths and value proposition.
• The utility unit is very aggressive with regards to renewables and should be able to provide steady operating earnings growth over the next five years.
• The stock is undervalued relative to its peers.

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