Utilities are a 'backdoor play' into AI trade: Strategist [Yahoo! Finance Canada]
DTE Energy Company (DTE)
Last dte energy company earnings: 4/28 07:00 am
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Source: Yahoo! Finance Canada
keenly focused on understanding how their heavy investments in artificial intelligence (AI) will impact their financial results. To provide insights on this topic, Hennion & Walsh Asset Management president and chief investment officer Kevin Mahn joined Catalysts. Mahn notes that in the Big Tech earnings reports, "the focus is on AI." He explains that the need for AI-supporting infrastructure, like data centers, is driving increased demand for energy — a trend that could benefit the utilities sector ( XLU He identifies three fundamental tailwinds that could support utilities and drive growth: utilities are more defensive in nature, the sector is known for paying dividends, and utilities have become a "backdoor play into the AI revolution." Mahn advises investors to consider three specific utility names: DTE Energy Company ( DTE ), Duke Energy Corporation ( DUK ), and The Southern Company ( SO "There's more growth ahead. So look for those utilities such as the three I mention
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DTE
News
- DTE Energy invests $100 million in 3 Metro Detroit substations, aims to reduce power outages [CBS News]CBS News
- DTE or NEE: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Why DTE Energy (DTE) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- DTE Energy announces an additional $100 million investment to rebuild the electric grid; part of DTE's commitment to reduce outage frequency by 30% and cut restoration time in half by 2029 [Yahoo! Finance]Yahoo! Finance
- DTE Energy announces an additional $100 million investment to rebuild the electric grid; part of DTE's commitment to reduce outage frequency by 30% and cut restoration time in half by 2029GlobeNewswire
DTE
Earnings
- 10/24/24 - Beat
DTE
Sec Filings
- 10/31/24 - Form 8-K
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- DTE's page on the SEC website