Utility DTE Energy (DTE) has released very nice earnings. DTE is a Detroit based utility providing electricity and natural gas to parts of Michigan.
Now when I say ‘very nice’ I mean, very nice for the times we live in.
While earnings were down around 15% from the year ago quarter they remained very respectable.
I was quite surprised that the company ‘reaffirmed’ their operating earnings outlook for the full year–seems pretty optimistic to me.
The company has 4 baby bonds outstanding which can be seen here. Disclosure–I own 3 of the 4 issues which I bought at much lower prices. All issues are now at or above $25.