Valued at a market cap of $28.5 billion, DTE Energy Company (DTE) is a Detroit-based diversified energy company primarily engaged in electric and natural gas utilities serving millions of customers across Michigan. The company also operates non-utility businesses in energy trading, renewable energy, and industrial energy services.
Shares of this utility company have outpaced the broader market over the past 52 weeks. DTE has surged 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.7%. However, over the past six months, the stock has declined marginally, compared to the SPX’s 12% rise.
