(DTW) DTE Energy Pref Series E - Ratings and Ratios

DTE Energy Company, trading under the ticker symbol DTW on the NYSE, is a utility giant with a diverse portfolio of energy operations. Its Electric segment serves roughly 2.2 million customers across southeastern Michigan, generating power through a mix of fossil fuels, nuclear plants, and renewables like wind. The segment also operates 692 distribution substations and 440,500 line transformers, ensuring reliable electricity delivery.

The Gas segment caters to 1.3 million customers, managing 19,500 miles of distribution mains, 1.2 million service pipelines, and 1.26 million active meters. It also owns 2,000 miles of transmission pipelines, showcasing its extensive infrastructure. This segment not only delivers natural gas but also monetizes storage and transportation capacity, adding another layer of revenue.

The Gas Storage and Pipelines segment expands DTE’s reach, owning storage fields, pipelines, and compression facilities. It also holds stakes in interstate pipelines serving the Midwest, Ontario, and northeast markets, reinforcing its position in regional energy distribution.

The Power and Industrial Projects segment is a mix of industrial and energy solutions. It produces metallurgical coke and pulverized coal for industries like steel and paper. Additionally, it offers power, steam, and wastewater treatment services, along with compressed air for industrial use. This segment also boasts 5 renewable plants with 217 MW capacity, 21 landfill gas recovery sites, and 11 reduced emissions fuel facilities, highlighting its commitment to sustainability.

The Energy Trading segment rounds out DTE’s operations, engaging in power and gas marketing, structured transactions, and optimizing pipeline transportation and storage. This adds a layer of financial sophistication to its physical energy assets.

Founded in 1903 and headquartered in Detroit, Michigan, DTE Energy operates in a heavily regulated industry, which often provides stability for investors. Its market cap of $4.04 billion and P/E ratio of 3.70 suggest it is valued as a mature, dividend-paying utility stock. However, other financial multiples like P/B and P/S are not available, which might limit certain analyses. For investors seeking exposure to the utility sector, DTE’s diversified operations and renewable investments make it a notable player in the energy transition.