DTE Energy Company (0I6Q.L)

Ford CEO Jim Farley put a similar emphasis on the cost and availability of energy in September, announcing an $11.4 billion investment in new vehicle and battery plants in Tennessee and Kentucky.

“We want to work with states who are really excited about doing that training and giving you access to that low energy cost,” Farley told the Associated Press then.

Tennessee has among the lowest electricity prices in the country, according to the most recent data from the U.S. Energy Information Administration. The state’s average industrial price of electricity per kilowatt-hour was 6.31 cents as of May. Michigan’s industrial energy cost was 8.72 cents per kilowatt-hour, and the national average was 8.35 cents.

SHouldn't utility stocks be going down (along with bonds) during times of inflation (when investors seek income elsewhere?).

Is DTE's rise in price sustainable due to operational/etc variables or do you believe that a correction is imminent in price and it may stabilize at a lower price point.

ie. I guess what I'm asking, is when do you all envision better buying opportunities for DTE. I hope to purchase more, but it just seems to richly valued given the macro environment. Thanks!

Can not wait for this spin-off. Hope we see a yield around 8 or 9% like the others MLP's.

DTE Energy has commenced the Form 10 registration process with the Securities and Exchange Commission (SEC) and remains on track to complete the spin-off of DT Midstream by mid-year 2021 [subject to final approval by the Company’s Board of Directors, a Form 10 registration statement being declared effective by the SEC, regulatory approvals and satisfaction of other conditions]. Under the separation plan, DTE Energy shareholders will retain their shares of DTE Energy stock and receive a pro-rata dividend of shares of DT Midstream stock. The separation transaction is expected to be tax-free to DTE Energy and its shareholders for U.S. federal income tax purposes.

I am surprised they would want to split into a separate pipeline company. In 2018 every pipeline company went straight down. The Russian Pipeline to Germany is 98% complete and the US has done everything but bomb it to stop its completion. The US wants Germany to continue to buy more LNG at twice the price. Every pipeline company at least lost 50% of value and cut dividends, a great deal since 2017. I know very well, because I lost my shirt and pants. I had thought I would have the dividends to help my retirement. I bought DTE for the same reason, at 1/2 what the pipeline companies paid in dividends. DTE has pipelines in New York State. Williams invested nearly a billion in the Constitution Pipeline and after a ten year battle with NYS gave up. They are now the proud owner of a Right of Way that cannot be used for anything but a gas pipeline. Landowner contracts read that way. Pipelines going forward are a battle everywhere to build. What I wrote is a fact and all can be researched.