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Article: DTE Energy - Value - Zacks Rank Buy
- Article from:
- Zacks Investment Research - Value - Zacks Rank Buy
- Article date:
- October 29, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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DTE Energy - Value - Zacks Rank Buy
DTE Energy
(
DTE
) has surprised on estimates 3 out of the last 4 quarters by an average of 77.06%. The company recently raised 2009 earnings guidance. DTE Energy is trading with a forward P/E of 11.5.
Company Description
DTE Energy is an energy company that serves customers in Michigan. It operates Detroit Edison, which serves 2.2 million customers in Southeastern Michigan and MichCon, a natural gas utility providing energy to 1.2 million customers in Michigan.
It also operates other non-utility energy businesses that focus on gas pipelines and storage, coal transportation, power and industrial projects.
DTE Energy Raised ...