Dte Energy Co (DTE)
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 3.5%. Overall, the X-Ray Score is 41 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
Price chart
Vitals
Fair value estimate
What this means
Weak business, fairly priced
The price sits inside our fair-value band. 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
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
See the numbers →
See the numbers →
See the numbers →
See the numbers →
See the numbers →
Quarterly results: last 6 quarters
Compare with peers
ED Consolidated Edison In...70 NI Nisource Inc.55 AEE Ameren Corp55 D Dominion Energy, Inc54SWOT analysis: Dte Energy Co
- Operating margin of 3,727.6% is well above the 21.6% median of industry peers, a sign of pricing power or lower costs.
- 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.
- No specific opportunity is visible in our valuation, sector or growth data.
- 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.
Compare DTE with peers and sector
| Metric | DTE | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 41 | 44 | 50 |
| Valuation | 43 | 42 | 51 |
| Growth | 16 | 53 | 53 |
| Profitability | 49 | 40 | 50 |
| Financial health | 47 | 46 | 52 |
| Dividends | 56 | 48 | 53 |
Sector leaders: highest X-Ray Score in Utilities
Factor ratings for DTE
Each factor is rated by where DTE stands among the 31 Utilities stocks in our universe.
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.
| Factor | DTE | 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 | 21.7x | Average beats 50% | 21.7x | 18.3x | ▼ Worse |
| Price / book | 2.2x | Average beats 37% | 2.2x | 2.2x | ≈ In line |
| Price / sales | 473.0x | Bad beats 2% | 2.9x | 385.0x | ▼ Worse |
| EV / EBITDA | 13.4x | Average beats 60% | 13.9x | 12.6x | ≈ 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 |
Fundamentals checklist
● 3 Good · ● 4 Average · ● 6 BadFinancials
| 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 |
Who owns DTE stock? Institutional holders (Form 13F)
At 30 June 2026, 1,027 institutional managers reported owning Dte Energy Co shares to the SEC: 168.89M shares, about $25.7B at the quarter-end close of $152.37. The ten largest reported holders account for 60% of those shares. DTE is reported by more managers than 179 of the 499 S&P 500 stocks we cover (the median stock has 1,192). Against 31 March 2026:
Among the 1,076 managers that filed in both quarters and held DTE in at least one of them, the shares they report changed by +1.3%, about +$310M at the 30 Jun 2026 price. Ranked by this percent change, DTE is 158th of 497 among the S&P 500 stocks we can compare (1st is the largest rise). See which stocks institutions added and reduced most →
| # | Manager | Shares | Value | Change in the quarter |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 25.70M | $3.9B | +14.6% |
| 2 | Vanguard Capital Management LLC | 12.57M | $1.9B | +0.6% |
| 3 | Capital Research Global Investors | 12.50M | $1.9B | −12.1% |
| 4 | State Street Corp | 11.23M | $1.7B | +1.1% |
| 5 | Vanguard Portfolio Management LLC | 11.18M | $1.7B | −5.7% |
| 6 | Capital World Investors | 9.99M | $1.5B | −8.6% |
| 7 | Geode Capital Management, LLC | 5.87M | $895M | +1.6% |
| 8 | Ameriprise Financial Inc | 5.61M | $854M | −2.5% |
| 9 | Jupiter Topco LLC | 3.13M | $477M | – |
| 10 | Invesco Ltd. | 2.98M | $455M | Unchanged |
Largest additions in the quarter: BlackRock, Inc. (3.27M shares, +$498M), AQR Capital Management LLC (2.00M shares, +$305M), Bank of America Corp (1.02M shares, +$155M). Largest reductions: Capital Research Global Investors (−1.71M shares, −$261M), Millennium Management LLC (−1.39M shares, −$211M), Clearbridge Investments, LLC (−1.17M shares, −$178M).
| Quarter end | Managers reporting | Shares reported | Change in reported shares vs the quarter before |
|---|---|---|---|
| 30 Jun 2026 | 1,027 | 168.89M | +1.3% |
| 31 Mar 2026 | 985 | 166.58M | +3.3% |
| 31 Dec 2025 | 959 | 162.38M | −2.2% |
| 30 Sep 2025 | 915 | 166.26M | +0.1% |
| 30 Jun 2025 | 926 | 165.38M | – |
Technical summary
| SMA 10 | 129.4 | Bullish |
| EMA 10 | 129.6 | Bullish |
| SMA 20 | 127.0 | Bullish |
| EMA 20 | 128.6 | Bullish |
| SMA 50 | 130.3 | Bullish |
| EMA 50 | 130.8 | Bullish |
| SMA 100 | 137.6 | Bearish |
| EMA 100 | 134.3 | Bearish |
| SMA 200 | 138.9 | Bearish |
| EMA 200 | 135.8 | Bearish |
| RSI (14) | 59.52 | Neutral |
| MACD (12, 26) | 0.49 | Bullish |
| Momentum (12) | 3.65 | Bullish |
| Stochastic %K (14) | 83.79 | Bearish |
| Williams %R (14) | -16.21 | Bearish |
| CCI (20) | 144.5 | Bearish |
S3 129.6 | S2 130.5 | S1 131.2 | Pivot 132.1 | R1 132.8 | R2 133.7 | R3 134.4 |
Dividends
| Ex-dividend date | Amount per share |
|---|---|
| 1.1650 | |
|
This payment: 1.1650 USD per share, ex-dividend 21 Sep 2026. On 21 Sep 2026 3.69% Share price that day 126.13 USD. Dividends in the 12 months up to that day: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.1650 | |
|
This payment: 1.1650 USD per share, ex-dividend 22 Jun 2026. On 22 Jun 2026 3.12% Share price that day 146.83 USD. Dividends in the 12 months up to that day: 4.59 USD (1.17 + 1.17 + 1.17 + 1.09). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.1650 | |
|
This payment: 1.1650 USD per share, ex-dividend 16 Mar 2026. On 16 Mar 2026 3.02% Share price that day 149.26 USD. Dividends in the 12 months up to that day: 4.51 USD (1.17 + 1.17 + 1.09 + 1.09). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.1650 | |
|
This payment: 1.1650 USD per share, ex-dividend 15 Dec 2025. On 15 Dec 2025 3.44% Share price that day 128.81 USD. Dividends in the 12 months up to that day: 4.44 USD (1.17 + 1.09 + 1.09 + 1.09). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0900 | |
|
This payment: 1.0900 USD per share, ex-dividend 15 Sep 2025. On 15 Sep 2025 3.20% Share price that day 136.45 USD. Dividends in the 12 months up to that day: 4.36 USD (1.09 + 1.09 + 1.09 + 1.09). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0900 | |
|
This payment: 1.0900 USD per share, ex-dividend 16 Jun 2025. On 16 Jun 2025 3.22% Share price that day 133.16 USD. Dividends in the 12 months up to that day: 4.29 USD (1.09 + 1.09 + 1.09 + 1.02). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0900 | |
|
This payment: 1.0900 USD per share, ex-dividend 17 Mar 2025. On 17 Mar 2025 3.11% Share price that day 135.60 USD. Dividends in the 12 months up to that day: 4.22 USD (1.09 + 1.09 + 1.02 + 1.02). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0900 | |
|
This payment: 1.0900 USD per share, ex-dividend 16 Dec 2024. On 16 Dec 2024 3.42% Share price that day 121.35 USD. Dividends in the 12 months up to that day: 4.15 USD (1.09 + 1.02 + 1.02 + 1.02). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0200 | |
|
This payment: 1.0200 USD per share, ex-dividend 16 Sep 2024. On 16 Sep 2024 3.23% Share price that day 126.36 USD. Dividends in the 12 months up to that day: 4.08 USD (1.02 + 1.02 + 1.02 + 1.02). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0200 | |
|
This payment: 1.0200 USD per share, ex-dividend 17 Jun 2024. On 17 Jun 2024 3.62% Share price that day 110.76 USD. Dividends in the 12 months up to that day: 4.01 USD (1.02 + 1.02 + 1.02 + 0.9525). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0200 | |
|
This payment: 1.0200 USD per share, ex-dividend 15 Mar 2024. On 15 Mar 2024 3.64% Share price that day 108.48 USD. Dividends in the 12 months up to that day: 3.95 USD (1.02 + 1.02 + 0.9525 + 0.9525). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
| 1.0200 | |
|
This payment: 1.0200 USD per share, ex-dividend 15 Dec 2023. On 15 Dec 2023 3.53% Share price that day 109.90 USD. Dividends in the 12 months up to that day: 3.88 USD (1.02 + 0.9525 + 0.9525 + 0.9525). Today, latest close 23 Oct 2026 3.53% Share price 131.89 USD. Dividends in the last 12 months: 4.66 USD (1.17 + 1.17 + 1.17 + 1.17). Dividend yield = dividends paid in the 12 months up to that day divided by the share price that day, before tax. Past dividends are not a promise of future ones. | |
ETFs that hold DTE
| ETF | Share of the fund |
|---|---|
| XLU Utilities Select Sector SPDR | 2.23% |
| VPU Vanguard Utilities | 1.95% |
| FUTY Fidelity MSCI Utilities Index | 1.92% |
| IDU iShares U.S. Utilities | 1.82% |
| SPHD Invesco S&P 500 High Dividend Low Vola... | 1.53% |
| SPLV Invesco S&P 500 Low Volatility | 1.22% |
| EMLP First Trust North American Energy Infr... | 1.16% |
| DVY iShares Select Dividend | 1.01% |
DTE SEC filings
Where the numbers come from
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.