Eli Savit projected to win Michigan attorney general race
Published November 4, 2026 · Updated November 4, 2026 · 3 sources
CBS News projects Democrat Eli Savit won Michigan's attorney general race. Two Michigan utilities, DTE and CMS, are included for their link to utility rate issues.
The exposed companies and what ATLAS says about each
Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.
Michigan utility; the attorney general's office can intervene in utility rate cases, and candidates discussed utility rates. · Utilities
DTE is a Michigan utility; the attorney general's office can intervene in utility rate cases, and candidates discussed utility rates [3]. Between the November 3 close of $134.26 and the November 4 close of $134.26, the shares were unchanged, up 0.00%. Its next earnings report is November 5 before the open, with estimated EPS of 2.15.
Price between closes
$134.26 → $134.26Close of November 3 and November 4
Fair value (ATLAS)
$131.81Fair range: $114.37 to $150.38The price ($134.26) is 1.9% above that figure: close to its fair value.
Chance of a rise in 1 month
54%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $130.62 and $139.22; 9 in 10, between $123.43 and $147.33.
Michigan utility (Consumers Energy); subject to state utility rate oversight that the attorney general can influence. · Utilities
CMS Energy is a Michigan utility (Consumers Energy) subject to state utility rate oversight that the attorney general can influence; it is included for its activity in the sector, not because the event affects it. Between the November 3 close of $70.00 and the November 4 close of $70.23, the shares rose 0.33%, a coincidence in time only.
Price between closes
$70.00 → $70.23Close of November 3 and November 4
Fair value (ATLAS)
$54.68Fair range: $47.80 to $61.93The price ($70.23) is 28.4% above that figure.
Chance of a rise in 1 month
54%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $68.21 and $72.93; 9 in 10, between $64.28 and $77.39.
Recent results (EPS)
Oct 271.44 actual vs 1.34 est.Beat expectations
Jul 280.37 actual vs 0.36 est.Beat expectations
Apr 281.13 actual vs 1.10 est.Beat expectations
Feb 50.95 actual vs 0.94 est.In line
Dividend
3.21% dividend yieldNext ex-dividend date: November 6, 2026 · 2.25 $ over the last 12 months
S&P 500 between the same closes (November 3 and November 4): 7,568.92 → 7,689.82 points, +1.60%.
What happened
CBS News projects that Democrat Eli Savit defeated Republican Doug Lloyd in Michigan's attorney general race, succeeding the term-limited Dana Nessel [2]. The office can weigh in on utility rates, which is why two Michigan utilities, DTE Energy and CMS Energy, are covered here [3].
CBS News projects that Democrat Eli Savit defeated Republican candidate Doug Lloyd in Michigan's attorney general race. Six people ran for the seat [2].
Democratic Attorney General Dana Nessel is term-limited and could not run again. The attorney general is the state's top lawyer and law enforcement official [2].
Michigan Public wrote that the person elected on Nov. 3 will spend the next four years deciding when to sue the federal government, argue against utility rate increases, issue opinions about legislation or prosecute offenses [3].
FOX 2 Detroit's results page said polls in the state close at 8 p.m. local time and that its results come from The Associated Press [1].
What ATLAS data show
ATLAS model estimates put DTE's fair value at $131.81, within a range of $114.37 to $150.38; the price is 1.86% above that value. For CMS, the model estimate is $54.68, within a range of $47.80 to $61.93, and the price is 28.43% above it. These are model estimates, not promises, and they do not amount to advice. For context, the S&P 500 rose 1.60% between the November 3 close of 7,568.92 points and the November 4 close of 7,689.82 points.
Two price changes occurring around the same dates as the election projection do not show that one caused the other. The figures are based on closing prices and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 4, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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