- 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.
For further details see:
DTE Energy: Steady Growth And Spin-Off Could Make This Utility An Appealing Play