Dte Energy Co (DTB)
Utilities · Multi-Utilities · US stock · S&P 500 component
$14.70
▲ +0.03 (0.20%)
Fair valueUndervalued
$19 +32.4% to fair value
$10fair band $17–$24$29
Day's range
$14.66 – $14.92
52-week range
$14.41 – $18.53
About Dte Energy Co
DTE Energy is a Michigan-based energy company whose main businesses are DTE Electric and DTE Gas, regulated utilities serving customers across the state. It also operates non-utility businesses that include energy trading, renewable natural gas and industrial energy services. Revenue from the utilities comes from rates approved by the Michigan Public Service Commission, which cover costs and allow a return on investment in power plants and grid infrastructure.
Return on invested capital is 5%. Net debt is 6.6 times of EBITDA. It pays a dividend, and the yield is 7.4%. Overall, the X-Ray Score is 54 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
Price chart
52-wk range $14.41 – $18.53Volume 41,765Daily, split-adjusted
Vitals
Market cap$3.1B
52-week range$14.41 – $18.53
Volume (last day)41,765
P/E (TTM)2.4
EBIT / EV yield7.3%
Free-cash-flow yield–
Dividend yield7.4%
Revenue (TTM)$58M
Net income (TTM)$1.3B
Operating margin3,727.6%
Return on capital5.0%
Debt incl. leases$26.7B
Cash & securities$238M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$19middle half of models $15 – $25
Undervalued
+32.4% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High
Price $15
Undervalued < $17Fair $17 – $24Overvalued > $24
P/E multiple
$15
P/B multiple
$25
P/S multiple
$13
EV/EBITDA multiple · not used
$38
EV/EBIT multiple
$25
10-year DCF, EBITDA exit · not used
$89
5-year DCF, EBITDA exit · not used
$53
10-year DCF, revenue exit · not used
$85
5-year DCF, revenue exit · not used
$47
10-year DCF, growth exit · not used
$136
5-year DCF, growth exit · not used
$112
Dividend discount, stable · not used
$113
Dividend discount, multi-stage · not used
$119
Earnings power value · not used
$70
Growth the price implies
5.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 4.96%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
90/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.3%
Fair value vs price1.3×
Growth
Weak
16/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-9.4%
EPS growth (3y)8.4%
Growth consistency30%
Profitability
Weak
49/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital5.0%
Operating margin3,727.6%
Financial health
Weak
47/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA6.6×
Interest cover2.0×
Dividends
Fair
64/100
Dividend is typical for its sector.
See the numbers →
Dividend yield7.4%
Dividend growth8.3%
Quarterly results: last 6 quarters
+0.0%
Dec '24
+7.1%
Mar '25
+16.7%
Jun '25
-10.5%
Sep '25
+0.0%
Dec '25
-20.0%
Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $12M, diluted EPS $1.19.
Compare with peers
ED Consolidated Edison In...70 AEE Ameren Corp55 NI Nisource Inc.55 D Dominion Energy, Inc53Other Multi-Utilities companies by X-Ray Score.
SWOT analysis: Dte Energy Co
Strengthsinside the company
- Operating margin of 3,727.6% is well above the 21.6% median of industry peers, a sign of pricing power or lower costs.
Weaknessesinside the company
- Return on invested capital is only 5.0% (median 4.8% for industry peers), so the business earns little above its cost of capital.
- Revenue has fallen 9.4% a year over three years while industry peers grew 3.7%.
- Net debt is 6.6x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 2.0x.
Opportunitiesvaluation and setting
- Trades at 2.4x earnings, 89% below the 21.9x median of industry peers.
- The price is 32% below our fair value estimate, with the gap larger than the margin we allow for error.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Our Market Compass rates the backdrop for Utilities as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare DTB with peers and sector
Medians of 11 Multi-Utilities peers and of 30 Utilities stocks in our universe.
Largest peers (X-Ray Score): NEE 44, D 53, SRE 33, XEL 27, ED 70, AEE 55.
| Metric | DTB | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 54 | 44 | 48 |
| Valuation | 90 | 42 | 50 |
| Growth | 16 | 53 | 53 |
| Profitability | 49 | 40 | 50 |
| Financial health | 47 | 46 | 52 |
| Dividends | 64 | 48 | 53 |
Sector leaders: highest X-Ray Score in Utilities
DTB ranks #12 of 31 in Utilities and #4 of 12 in Multi-Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for DTB
Each factor is rated by where DTB stands among the 31 Utilities stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 9 Good · 3 Average · 7 Bad of 19
Growth: 0 · 1 · 2
Profitability: 2 · 1 · 1
Financial strength: 1 · 1 · 2
Valuation: 3 · 0 · 1
Cash flow: 3 · 0 · 0
Efficiency: 0 · 0 · 1
| Factor | DTB | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −9.4% | Bad beats 2% | +3.4% | – | – |
| Revenue growth, last year | +1.7% | Bad beats 5% | +9.6% | +1.7% | ≈ In line |
| EPS growth, 3 years a year | +8.4% | Average beats 54% | +8.1% | – | – |
| Profitability | |||||
| Operating margin | 3,727.6% | Good beats 98% | 22.9% | 3,485.0% | ≈ In line |
| Net margin | 2,179.3% | Good beats 98% | 14.4% | 2,340.0% | ≈ In line |
| Return on invested capital | 5.0% | Bad beats 31% | 5.5% | – | – |
| Return on equity | 10.3% | Average beats 53% | 10.1% | 11.9% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 6.6x | Bad beats 32% | 5.8x | 6.0x | ≈ In line |
| Interest cover | 2.0x | Bad beats 21% | 2.5x | 2.4x | ≈ In line |
| Current ratio | 0.95 | Good beats 69% | 0.78 | 0.71 | ▲ Better |
| Piotroski F-score | 6 / 9 | Average beats 58% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 2.4x | Good beats 98% | 21.6x | 2.9x | ≈ In line |
| Price / book | 0.2x | Good beats 98% | 2.1x | 0.4x | ≈ In line |
| Price / sales | 52.7x | Bad beats 2% | 2.9x | 57.9x | ≈ In line |
| EV / EBITDA | 7.3x | Good beats 92% | 13.9x | 7.0x | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 5,681.0% | Good beats 98% | -9.1% | 5,457.6% | ≈ In line |
| Cash from operations / net income | 2.61 | Good beats 76% | 2.20 | 2.33 | ▲ Better |
| Accruals (lower is better) | −3.7% | Good beats 73% | −3.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 12,058 days | Bad beats 2% | 44 days | 10,096 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 5 Good · ● 3 Average · ● 5 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 56/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $198M | $82M | $59M | $60M | $61M |
| Operating income | $1.5B | $1.7B | $2.2B | $2.1B | $2.4B |
| Net income | $907M | $1.1B | $1.4B | $1.4B | $1.5B |
| Operating cash flow | $3.1B | $2.0B | $3.2B | $3.6B | $3.4B |
| Operating margin | 755.1% | 2,131.7% | 3,801.7% | 3,485.0% | 3,891.8% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $4.67 | $5.52 | $6.76 | $6.77 | $7.03 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 4 neutral · 9 bearish
Weekly
Strongly bearish
1 bullish · 0 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 14.68 | Bullish |
| EMA 10 | 14.69 | Bullish |
| SMA 20 | 14.72 | Bearish |
| EMA 20 | 14.79 | Bearish |
| SMA 50 | 15.16 | Bearish |
| EMA 50 | 15.12 | Bearish |
| SMA 100 | 15.69 | Bearish |
| EMA 100 | 15.50 | Bearish |
| SMA 200 | 16.08 | Bearish |
| EMA 200 | 15.87 | Bearish |
Oscillators (daily)
| RSI (14) | 43.71 | Neutral |
| MACD (12, 26) | -0.15 | Bearish |
| Momentum (12) | 0.14 | Bullish |
| Stochastic %K (14) | 42.62 | Neutral |
| Williams %R (14) | -57.38 | Neutral |
| CCI (20) | 10.62 | Neutral |
Pivot points (classic, last session)
S3 14.34 | S2 14.50 | S1 14.60 | Pivot 14.76 | R1 14.86 | R2 15.02 | R3 15.12 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.09 USD
Yield on today's price
7.43%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 | |
| 0.2730 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold DTB
| ETF | Share of the fund |
|---|---|
| PGX Invesco Preferred | 0.15% |
| PFFD Global X U.S. Preferred | 0.14% |
| PFF iShares Preferred and Income Securitie... | 0.08% |
The eight funds with the largest weight in DTB among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
DTB SEC filings
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.