DTE Energy Company has been given a buy rating by UBS due to its strong position in the energy sector.
The company primarily generates and distributes electricity, serving almost 2.3 million customers in Michigan, which accounts for 44.8% of its net sales.
In addition to electricity, DTE Energy also trades energy products, contributing 35.5% to its revenue.
The company is also involved in the purchase, transportation, and distribution of natural gas, serving around 1.3 million customers, which represents 13.5% of its sales.
The remaining 6.2% of the company's operations are made up of other activities.
This diversified business model positions DTE Energy as a significant player in the energy market, with substantial operations across multiple segments.