Detroit-based utility, DTE Energy had announced the spin-off of its midstream division last year. On Friday, the spin-off details were confirmed in a press release. DT Midstream will start trading on the NYSE from July 1, 2021 under the ticker DTM. Current shareholders of DTE Energy(DTE) as of record date of June 18, 2021 will receive …
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Renewable energy is the future of energy as the world increasingly moves towards replacing fossil fuels which are dirty and cause pollution. Among the sources of renewable energy, the adoption of wind energy is growing rapidly. In the US, the Biden Administration announced major policy changes today to jumpstart offshore energy projects to further champion …
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The Utility sector under-performed the market last year when growth-oriented stocks were in vogue. This year utility stocks could perform better for a variety of reasons including the projected economic recovery, investors’ interest towards value stocks, etc. Utilities are generally preferred by income-oriented investors since they offer stable growth and high dividend yields. In the …
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Utility stocks have long been the favorites of income seeking investors. As monopolies in the markets they operate utilities offer stable growth and excellent dividends. In terms of adverse market conditions these stocks can offer stability and downward protection to a well-diversified portfolio. Another advantage of holding utilities is that they have the lowest foreign revenue exposure. …
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