Valued at a market cap of $30.1 billion, DTE Energy Company (DTE) is a diversified regulated utility holding company headquartered in Detroit, Michigan. It primarily provides electricity and natural gas to customers in Michigan through its two regulated subsidiaries, DTE Electric and DTE Gas, while also operating a portfolio of non-utility energy businesses.
Shares of this utility company have outpaced the broader market over the past 52 weeks. DTE has surged 13.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.8%. Moreover, on a YTD basis, the stock is up 12.4% compared to the SPX’s marginal drop.
