DTE Energy Raises 2018 Guidance; Good Progress on Replacing REF Earnings by 2022
We are reaffirming our $94 per share fair value estimate and stable, narrow moat ratings for DTE Energy after the company reported strong 2017 earnings and raised 2018 earnings guidance. Operating EPS for the recently ended quarter were $5.59, $0.07 higher than consensus and $0.09 above our estimate. The better-than-expected results were across the board. Both utilities and DTE’s unregulated businesses beat our estimates for the full year.Because of the passage of tax reform, DTE increased its ...
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