Additional opportunities include economic compression expansions of pipeline systems, additional market laterals and continued gathering build outs.
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With initial balance sheet target of four times of debt to EBITDA and two times dividend coverage ratio, our balance sheet will support the ability to make value accretive investments and pay a competitive dividend. A couple of questions here.
So, I would say 2021 is positioned extremely well.
There would be some initial cost that at the corporate that we will have to work through, but there is no long-term dis synergies after the first year or two. Bob Skaggs would like to say a few words.
For 2021, we are providing an operating EPS early outlook midpoint of $7.07 per share that delivers 7% growth from the 2020 original guidance midpoint, and as we mentioned, we are increasing our 2021 dividend by 7%. Yeah. It's a product that we have a hard time keeping on the shelf. And so that's how we found the affordability room to bring in that capital into our plan for our two utilities. Sounds good. Let's conquer your financial goals together...faster.
As you know, we have been expanding the midstream business for greenfield projects and strategic acquisitions to become the premier company we are today. NYSE:DTE opened at $124.24 on Tuesday. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. Future growth is driven by platforms in the early development phase, which include Blue Union, LEAP, Nexus, LINK and generation pipeline. We've got some filings in front of the commission to pursue those bills. Understood. Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth.
So, you can imagine how important this decision is to our team and me. Please go ahead. Can you first, can you comment on sort of that forward growth expectations post the spin of 5% to 7% consolidated versus a 7% to 8% Electric and 9% for gas. So, those maintenance capex dollars will be modest at the best, but David Slater you want to add some color to that? Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +11.16% for the moving average over the last 20 days.
David Ruud -- Senior Vice President and Chief Financial Officer.
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And as I look at 2021, it's looking really strong and we're also starting to work on 2022 and that's looking really good. Our next question comes from Jonathan Arnold from Vertical Research. With that, and thank you for joining us today and we can open up the line for questions. We have achieved solid growth for over a decade, and establishing our business as an independent midstream company will really benefit shareholders by unlocking significant value.
You know, Andrew.
And, all of those customers are in good positions. If anything, the fundamentals in the basins I described earlier, are just strengthening right now. Well, I'll start Shar, and then I'll ask Dave Ruud to add. While we have in fact, done that and created affordability room and the pandemic was very revealing as to what we could do in addition to what we have been doing for many, many years.
We are also focusing our investment on modernizing and aging distribution system with significant investments in hardening automation and technology in our distribution business. As I said, this positions DTE into a nearly fully regulated utility with 90% of our operating earnings and an even higher percentage of future capital investments going … When we switch over and look at the enterrpise to sales, we see a ratio of 3.31, with the company’s debt to enterprise value settled at 0.42. DTE Electric earnings were $91 million higher than 2019, primarily due to higher residential sales, the implementation of new rates and warmer weather in the quarter.
And, you can see in next year, there was $100 million to $400 million and then in '22 with $1.3 billion of convertible equity units, they come into the plan.
The receivables turnover for the company is 6.66 and the total asset turnover is 0.32. Our major producers are in solid positions, hedged over 70% in 2021 at $2.70, connected to premium markets have minimal near-term maturities. So our 5% to 7% is the target, but of course, we target the mid, but we've always done better than that since we continue to [Indecipherable] for each year. The volatility ratio for the week stands at 2.50% while the volatility levels for the past 30 days are set at 2.24% for DTE Energy Company. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.46. Before I turn it over to Dave Ruud, we will discuss DTE's financial performance. This story was reviewed by MarketBeat's editorial team prior to publication. But, as I kind of step back, and I know we've shared this in the past with some of our bigger customers on the gathering side of our business, would be cut names like Southwestern, Cabot, obviously Indigo, Antero. Yeah, that's helpful.
We believe the separation positions DTE midstream with enhanced flexibility, and provide shareholders an opportunity for investment in a high-quality midstream company with assets strategically located in premium basins and connected to major demand market. This morning DTE announced that our Board of Directors as authorized management to pursue a plan for the spin off of midstream from BT Energy.
And when do you think you'll provide an updated view, and maybe this is a leading question into the 5% to 7% as well. Okay. As I mentioned at DTE Electric, we are committed to achieving net zero carbon emissions by 2050 with a 50% reduction by 2030. Turning to slide 7, I'll provide details on the structure of the transaction.
So, for example, with our RNG projects and even in our cogen facilities we use it to manage risk with those investments, either for ourselves or on behalf of our customers. David Fishman -- Goldman Sachs -- Vice President Equity Research. Midstream's counter parties continue to perform according to the plans they have shared with us earlier in the year. Actually create value given the relatively potential small market cap and technical pressure that it's going to pay. They have no significant maturities before them, and their cash flows are strengthening in the current environment with the fundamental strengthening and dry natural gas.
Our presentation also includes reference to operating earnings, which is a non-GAAP financial measure. This is 17% higher than our previous plan.
So I'm not sure you're positioned to answer this. David Slater, current President and COO of GSP is the CEO elect of the new midstream company. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life.
DTE Energy Company (NYSE:DTE) Q3 2020 Earnings Conference Call October 27, 2020 9:00 AM ET. I'll start by saying that when we looked at all our alternatives to unlock shareholder value and create incremental value for our shareholders, the biggest mover that we saw was to really create to spin for GSP.
Good to talk to you and, yeah, that's a good question, and what we've disclosed previously is we have about 10% in our storage business, about 40% gathering and 50% in the pipeline segment, and those percentages are income percentages. For a short time…You can receive access to one of the most successful wealth secrets in our business.If you’ve lost some income as a result of what’s going on in the markets…It’s one of the only ways we know to get paid instantly, a simple technique you can use on your phone or laptop at home.
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You have entered an incorrect email address! So with that in mind is like a simple math would it indicate that business would have a relatively low market cap, like been around, $3 billion to $3.5 billion with seemingly strong technical pressure, because it has utility investors that's based on how your the stock have performed and not a particular fan of midstream. And then any dis synergies from the split? Let me just say that I'm excited about the opportunity this transaction provides. How do you think about just the sort of base capital needs to keep the business running flat on EBITDA. Pre-Market guidance to 6.90-7.10 EPS. Great.
Press Release reported 17 hours ago that Elliott Management Supportive of DTE Energy’s Intent to Spin-Off Midstream Business.
Now I will turn it over to David Slater to discuss the new and exciting opportunity with the midstream company. And, then maybe just one quick one on 2021 guidance. So yeah first off, the assets are great assets and they are positioned across when you look at the resources in the country right now. Now let's turn to slide 17 and discuss midstream's track record. After this action, Chavez JoAnn now owns 5,300 shares of DTE Energy Company, valued at $40,772 using the latest closing price. But the 5% to 7% EPS growth is off our 2020 base and it's pretty consistent with our growth pattern that we've described to our investors over many years, and certainly we always end up on the high end of that, as we've seen this year, and other years. The company provided earnings per share (EPS) guidance of $6.88-7.26 for the period, compared to the Thomson Reuters consensus estimate of $7.12.
Well, Angie for your question. Good to know.
Please go ahead.
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