Dte Energy Stock Fair Value Calculator – DTE Energy Powers Michigan with Largest Wind Park in State’s History

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Today marks a major milestone for Michigan and DTE ($NYSE:DTE) Energy: the commissioning of the Meridian Wind Park, the largest wind park in the state’s history. This project represents a $300 million investment and was made possible with nearly 100% of the construction performed by Michigan workers. As DTE Energy’s largest wind park to date, the Meridian Wind Park is the newest addition to an expanding clean energy portfolio. DTE Energy is a Detroit-based diversified energy company, focused on providing energy and other related services through its operating groups. These services include electric, natural gas, and non-utility energy businesses – such as energy marketing and trading, independent power production, storage, and renewable resources.

DTE Energy also has a strong portfolio of clean energy sources, such as wind, solar, and gas, in addition to its more traditional sources like coal and nuclear. As a leader in the energy industry, DTE Energy strives to provide reliable and affordable energy services to meet the needs of Michigan’s customers. This project demonstrates their dedication to creating a better tomorrow through renewable resources. As the largest wind park in Michigan’s history, the Meridian Wind Park is sure to power communities across the state for generations to come.

Price History

On Wednesday, DTE Energy made history by opening the largest wind park in Michigan. This milestone marks a major step forward for renewable energy in the state, as DTE Energy is now the largest wind energy producer in Michigan. The company opened the park at 112.6 and closed with a slightly positive increase at 112.8, up by 0.7% from the previous closing price of 112.0. This is a notable accomplishment for the company as they continue to reduce their environmental impact and contribute to a greener future. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Analysis – Dte Energy Stock Fair Value Calculator

At GoodWhale, we have completed an analysis of DTE ENERGY‘s fundamentals. Our proprietary Valuation Line has determined that the fair value of a DTE ENERGY share to be around $135.6. Currently, the stock is being traded at $112.8, which is a fair price that is undervalued by 16.8%. This presents a buying opportunity for those willing to take advantage of a mispriced security. We believe that there is upside potential in the company based on our analysis and the current market price. 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 recently commissioned Michigan’s largest wind park, Meridian Wind, which cost $300 million and was constructed primarily by Michigan workers. This investment is seen to benefit the company significantly as it will be able to capitalize on the potential of renewable energy and reduce its reliance on fossil fuels. In addition, DTE Energy’s commitment to green energy sources is likely to be positively received by stakeholders, with potential for increased customer base, improved brand reputation and greater long-term profitability. Overall, DTE Energy’s investment in Meridian Wind is seen as a positive development that will bring considerable long-term benefits.