To meet these targets we plan to double our renewable energy by 2024 and quadruple it by 2040. Along with our pipeline integrity and main replacement investment, we are investing in innovative technology and products that will reduce methane emissions and reduce the carbon footprint of our gas company. Okay. And, fundamentally there is a lot of fundamental support and growth in those areas. Michigan has one of the best regulatory environments in the nation, continue to work very closely with the Michigan Public Service Commission to support the people of Michigan, particularly this year during the pandemic. Learn about financial terms, types of investments, trading strategies and more. So, we feel really positive about this new company and it's going to provide an investment vehicle for some of the midstream investors that really doesn't exist in the sector today. Our major producers are in solid positions, hedged over 70% in 2021 at $2.70, connected to premium markets have minimal near-term maturities. We have paid a dividend for more than 100 consecutive years and have increased our dividend each year since 2010. And my last question about the midstream spin-off. DTE Gas will see continued main renewal and other infrastructure improvement investments. The company’s stock price... Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) went up by 0.73% from its latest closing price compared to the recent 1-year high of $22.26.... Is a Correction Looming Ahead for DTE Energy Company (DTE). Yeah, we will remain about where we are at our payout ratio, which is right around in that 60% range, which is kind of consistent with the best pure-play peers, and then dividend growth that's going to be consistent with our earnings growth going forward. [Operator Instructions]. Finally, Barclays reiterated an equal weight rating and issued a $128.00 price objective on shares of DTE Energy in a research report on Friday, August 21st. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.90 billion. DTE Electric, we anticipate long-term operating earnings growth of 7% to 8% and above 9% at DTE Gas. Like in our, in our plan going forward there are no major, and no equity issuances that we see in those years. Could you talk a little bit about why not sell the midstream business to another buyer like Berkshire Hathaway, similar to the Dominion's went about it. We will invest significant capital over the next 5 years to support utility growth. The favorability we are seeing this year is also allowing us to pull ahead future O&M work from 2021 in the 2020, which positions us well to achieve our future plans. Could you just comment on how that business is tracking versus the prior growth target, and is it on track with what you had said before for midstream through, I think it was through '22 or '24. Got it. What are you assuming in terms of if anything on COVID impacts and then obviously strong execution on the O&M front this year, should we expect that to sort of continue into 2021 as well? You have entered an incorrect email address! After careful consideration and review with our Board, I am confident that the separation is the best way to allow the midstream business and it's team to achieve their full potential, and to enhance overall value for our shareholders. See what's happening in the market right now with MarketBeat's real-time news feed. While fixed interest rates from bond investments will lose purchasing power to inflation over time, the purchasing power of income from dividend growth stocks is more protected because companies tend raise their dividend payments every year. Just a few questions from me. Then what is --if you look at the peers for a largely regulated utility at your credit like what would that range be versus that the 18 plus that you've been at. Based on DTE Energy Company (DTE), the company’s capital structure generated 150.87 points at debt to equity in total, while total debt to capital is 60.14. Yeah, why you spent? Well there are no tax consequences. Got It. But you're right, we weren't cash taxpayers until 2024. We are firing on all cylinders, keeping our people safe and delivering for our customers, communities and investors. Yeah, that's helpful. DTE Energy had a return on equity of 10.50% and a net margin of 10.13%. Please go ahead. So, we are now raising our 2020 operating EPS guidance midpoint from $6.61 per share to $7 per share. The companies in this slideshow have all raised their dividend every year for the last ten years. Stephen Byrd -- Morgan Stanley -- Analyst. Can you maybe put some numbers on that? Our plan, DTE will be use the users proceed to pay down our parent debt in the same amount. Palantir (NYSE:PLTR) Stock: Big Data Bargain Under $10? Okay, perfect. So, we're going to be remain highly focused on our organic growth opportunities. Because this acquisition and the balance of the midstream portfolio continues to perform exceedingly well, provide better than expected growth opportunities and have scaled to thrive on its own it crystallized our past to pivot to a high growth pure-play utility with the spin of a well-run midstream company. This translates into $2.61 per share for the quarter. Midstream is producing strong adjusted EBITDA in 2020, which is expected to be about $700 million. Our next question comes from Steve Fleishman from Wolfe Research. So Thanks, Jeremy for the question. Yeah, when we, when we look at our peers, we see them down in the 14% to 16%, actually in that range, and we are still committed to maintaining our ratings and so we're going to be really, really careful with that, but we do expect that this will be credit enhancing for us. Midstream's counter parties continue to perform according to the plans they have shared with us earlier in the year.

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