DTE steps up its utility investments.
We are reaffirming our $87 per share fair value estimate and stable, narrow moat ratings for DTE Energy after the company reported third-quarter earnings and again raised 2017 earnings guidance. Operating EPS for the recently ended quarter were $1.48 versus $1.96 in the same period last year. However, most of the negative variance was due to the impact of mild summer weather versus last year and the timing of income taxes. Overall, we thought the results were solid.For the second straight qua...
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