Dte Energy Intrinsic Value Calculator – DTE Energy Predicted to Continue Growing in 2024
December 16, 2023
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DTE ($NYSE:DTE) Energy is a leading energy company based in the United States. It provides energy services to over 3 million customers across Michigan and Ohio. The Company has a solid track record of growth and expansion, and according to the most recent forecasts, it is expected to continue growing in 2024. The Company has a variety of successful initiatives in place that are designed to help it reach its growth goals. These initiatives include investments in renewable energy sources such as wind and solar power, as well as gas-fired electric generation facilities. DTE Energy also has a strong focus on energy efficiency and resource conservation. This includes the installation of energy-efficient appliances, the development of energy-efficient building systems, and the promotion of renewable energy use.
In addition, DTE Energy has conducted research and development to explore new technologies and methods for improving the efficiency of existing energy systems. As part of this effort, the Company has invested in new technologies such as advanced smart meters and digital infrastructure. This is expected to increase DTE Energy’s ability to provide reliable, affordable energy to its customers. To ensure continued growth in 2024, DTE Energy must continue to invest in new initiatives and technologies while also focusing on its existing strategies. This strategy should focus on providing reliable and affordable energy services to its customers while also continuing to explore new ways to improve efficiency and reduce emissions. By doing so, the Company can continue to expand its footprint and remain competitive in the energy industry.
Stock Price
On Thursday, DTE ENERGY‘s stock opened at $114.3 and closed at $112.4, representing a drop of 0.8% from the prior day’s closing price of 113.3. Despite the slight decrease in stock price, analysts are still predicting a bright future for DTE ENERGY in 2024. Not only have they seen an increase in demand for their services and products, but they have also been very successful in investing in new technologies and expanding their operations. In the years ahead, DTE ENERGY is expected to further expand its presence in both the public and private sectors. For starters, the company has plans to build a number of solar and wind farms across the Midwest, which would help them to meet renewable energy goals and generate profits from the sale of energy credits to other states.
Additionally, they recently acquired MC Squared Energy Services, a natural gas distributor, positioning them to become a major player in the energy sector. All of these factors point to a bright future for DTE ENERGY. Analysts project that their stock price will continue to rise over the next few years as they continue to invest in new technologies and expand their operations. This makes them a good long-term investment for those looking to add a stable, growing company to their portfolio. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dte Energy. More…
| Total Revenues | Net Income | Net Margin |
| 13.83k | 1.24k | 8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dte Energy. More…
| Operations | Investing | Financing |
| 2.94k | -3.92k | 994 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dte Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43.73k | 32.88k | 52.6 |
Key Ratios Snapshot
Some of the financial key ratios for Dte Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 1.5% | 15.5% |
| FCF Margin | ROE | ROA |
| -6.2% | 12.6% | 3.1% |
Analysis – Dte Energy Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of DTE ENERGY‘s financials. Our proprietary Valuation Line calculated the fair value of DTE ENERGY share to be around $97.1. However, at the moment, DTE ENERGY stock is traded at $112.4, which means the share is overvalued by 15.8%. More…
Peers
The company operates through two segments: Electric and Gas. The Electric segment generates, purchases, distributes, and sells electricity to residential, commercial, and industrial customers in southeastern Michigan. The Gas segment purchases, transports, stores, distributes, and sells natural gas to residential, commercial, and industrial customers in Michigan. As of December 31, 2018, DTE Energy Co operated 10 coal-fired generating stations with a total capacity of 6,879 megawatts; 29 natural gas-fired generating stations with a total capacity of 4,473 megawatts; 71 wind turbines with a total capacity of 132 megawatts; 7 solar arrays with a total capacity of 35 megawatts; and 1 nuclear power plant with a total capacity of 1,944 megawatts. The company’s competitors include CMS Energy Corp, OGE Energy Corp, and Xcel Energy Inc.
– CMS Energy Corp ($NYSE:CMS)
CMS Energy Corporation is an American utility company based in Jackson, Michigan, with its principal subsidiary, Consumers Energy, serving Michigan. CMS Energy also owns and operates two power generation businesses, one in Michigan and one in Hawaii.
The company has a market capitalization of $16.81 billion as of 2022 and a return on equity of 12.15%. CMS Energy is engaged in the generation, transmission, and distribution of electricity and natural gas. The company also owns and operates power generation facilities in Michigan and Hawaii.
– OGE Energy Corp ($NYSE:OGE)
Duke Energy Corp is a publicly traded electric power holding company in the United States. The company has a market capitalization of $73.9 billion as of March 2021 and a return on equity of 18.7%. Duke Energy is the largest electric power holding company in the United States, with regulated utilities in six states and a commercial businesses in 47 countries. The company’s regulated utility operations serve approximately 7.7 million electric customers in the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy’s commercial businesses include wholesale energy trading and marketing, natural gas pipelines, storage and gathering, and international energy assets.
– Xcel Energy Inc ($NASDAQ:XEL)
Xcel Energy Inc. is a publicly traded company that provides electricity and natural gas services in the United States and Canada. The company has a market capitalization of $35.77 billion as of 2022 and a return on equity of 9.4%. The company operates in eight states and serves more than 3.6 million customers. Xcel Energy is the largest provider of electricity in Colorado and the second-largest provider of electricity in Minnesota. The company also provides natural gas service in Colorado, Minnesota, and Wisconsin.
Summary
DTE Energy is an energy company that offers a range of products and services to residential, commercial, industrial, and governmental customers. Investment analysis suggests that the company should keep growing in 2024. DTE Energy has a strong presence in the Midwest and beyond, with an extensive portfolio of electric and gas operations that include generation, transmission and distribution. They also have a leading position in the natural gas storage, pipeline and renewable energy markets.
The company has a solid balance sheet and is well positioned to capitalize on its core business and expanding renewable energy offerings. With strong customer relationships and a positive outlook, DTE Energy is expected to continue to deliver sustainable and profitable growth in the future.
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