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The stock of DTE Energy Co (NYSE:DTE, 30-year Financials) is believed to be modestly overvalued, according to GuruFocus Value calculation.
Is DTE Energy (DTE) a great pick from the value investor's perspective right now? Read on to know more.
DTE's earliest direct corporate ancestor, the Edison Illuminating Company of Detroit, was founded in 1886. By the turn of the century, it split responsibility for commercial electric power in the fast-growing city of Detroit with the Peninsular Electric Light Company; the latter company controlled the city's electric distribution network.
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DTE Electric Company (formerly The Detroit Edison Company) is an investor-owned electric utility founded in 1886 in Detroit, Michigan.As the largest electric utility in Michigan, it serves approximately 2.3 million customers in the southeastern portion of the state.
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