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DTE Energy Company 2016 Corporate Units DTV.GF


Primary Symbol: DTV

DTE Energy owns two regulated utilities in Michigan. DTE Electric serves approximately 2.2 million customers in southeastern Michigan including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has material nonutility businesses and investments including energy marketing and trading, natural gas pipelines, gathering and storage, and on-site industrial energy projects.


NYSE:DTV - Post by User

Post by fumbleson Feb 14, 2000 8:24pm
490 Views
Post# 1372980

DTV to sell or not to sell!

DTV to sell or not to sell!I think I have the anwser. After a run up like this one you have to re-evauluate your possion. With earning over the last 4 Quarters at about $0.11 and a share price of $1.70, that gives us a PE of just over 15. Prior to this news release I was thinking a PE of 15-25 would represent fair market value. That would give us a share price of $1.65-2.75. I feel DTV has added to its value and growth potencial with its latest NR, so I think it is fair to say fair market value would now be represented by a PE of 20-30, which translates into a share price of $2.20-3.30. So in my opinion DTV is still undervalued, and of course there is a possibility of a pullback at any time, while the profit takers take control for short periods of time, but if you hang on you should see at least $2.20 by the end of the week. Don not forget the DTV has been working on multiple deals the last few months, Who knows how much value the next on will and to this already solid company.
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