A decade-long transformation of Michigan's utility regulation and DTE Energy's business mix sets up the company for a long runway of growth investment opportunities. The clean energy transition is the cornerstone of this growth.
Shareholders received a 7% annual dividend increase for 2024. We expect similar dividend growth for the foreseeable future.
Although changes to Michigan's regulatory framework were signed into law in late 2016, DTE still faces regulatory lag based on the timing of rate case filings.
|
Metric
|
DTE
|
WEC
|
XEL
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.57 | 20.10 | 18.55 |
Price/Book Value | 2.37 | 2.49 | 2.00 |
Price/Sales | 2.12 | 3.49 | 2.60 |
Price/Cash Flow | 8.21 | 9.76 | 7.24 |
|
Metric
|
DTE
|
WEC
|
XEL
|
|---|---|---|---|
Quick Ratio | 0.44 | 0.42 | 0.61 |
Current Ratio | 0.69 | 0.74 | 0.97 |
Interest Coverage | 2.68 | 3.05 | 2.58 |
|
Metric
|
DTE
|
WEC
|
XEL
|
|---|---|---|---|
Return on Assets (Normalized) | 3.09% | 3.36% | 2.89% |
Return on Equity (Normalized) | 12.73% | 12.39% | 10.62% |
Return on Invested Capital (Normalized) | 6.50% | 6.96% | 5.98% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States