DTE Energy Co. (DTE)
by Zacks Equity ResearchNovember 01, 2012 | Comments : 0 Recommended this article: (0)
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Our bullish outlook for DTE Energy is supported by its stable and growing utilities and its complementary non-utility businesses. Going forward, the growth momentum will be maintained by beneficial regulatory policies in Michigan, higher authorized rates for its regulated business, growth opportunities in its un-regulated businesses and an industry-high dividend yield.
There are also plans to monetize its Barnett Shale assets and other properties, which would alleviate the need for external borrowings. Our six-month target price of $74.00 equates to about 19.0x our earnings estimate for 2012.
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