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Dte Energy Co (DTE)

Utilities · Multi-Utilities · US stock · S&P 500 component
$131.89 ▼ -1.17 (0.88%)
At close · USD · Volume 1,171,100
Compare with D
Fair valueFair
$134 +1.8% to fair value
$67fair band $114–$163$201
Day's range
$131.41 – $133.00
52-week range
$119.68 – $155.75

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.

52-wk range $119.68 – $155.75Volume 1,171,100Daily, split-adjusted

Vitals

Market cap$27.4B
52-week range$119.68 – $155.75
Volume (last day)1,171,100
P/E (TTM)21.6
EBIT / EV yield4.0%
Free-cash-flow yield–
Dividend yield3.5%
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

$134middle half of models $117 – $151
Fair +1.8% to fair value
Average of the 15 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 $132
Undervalued < $114Fair $114 – $163Overvalued > $163
P/E multiple
$129
P/B multiple
$133
P/S multiple
$93
EV/EBITDA multiple
$132
EV/EBIT multiple
$123
EV/revenue multiple
$73
10-year DCF, EBITDA exit
$165
5-year DCF, EBITDA exit
$143
10-year DCF, revenue exit
$159
5-year DCF, revenue exit
$133
10-year DCF, growth exit
$136
5-year DCF, growth exit
$111
Dividend discount, stable
$178
Dividend discount, multi-stage
$237
Earnings power value
$70
Growth the price implies
12.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.00%, equity risk premium 4.30% (Damodaran). How it works.

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

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 Weak
43/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.0%
Fair value vs price1.0×
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
56/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.5%
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 NI Nisource Inc.55 AEE Ameren Corp55 D Dominion Energy, Inc54
Other 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
  • No specific opportunity is visible in our valuation, sector or growth data.
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 DTE 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 54, SRE 33, XEL 27, ED 70, AEE 55.
MetricDTEPeersSector
X-Ray Score (out of 100)414450
Valuation434251
Growth165353
Profitability494050
Financial health474652
Dividends564853

Sector leaders: highest X-Ray Score in Utilities

DTE ranks #25 of 31 in Utilities and #7 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.
CompanyX-Ray Score
#1 EIX Edison International71
#2 ED Consolidated Edison Inc70
#3 ES Eversource Energy65
#4 AWK American Water Works Compa...63
#5 EXC Exelon Corp62
…
#25 DTE Dte Energy Co (this stock)41
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 DTE

Each factor is rated by where DTE 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: 6 Good · 6 Average · 7 Bad of 19 Growth: 0 · 1 · 2 Profitability: 2 · 1 · 1 Financial strength: 1 · 1 · 2 Valuation: 0 · 3 · 1 Cash flow: 3 · 0 · 0 Efficiency: 0 · 0 · 1
FactorDTERatingSector medianOwn 5-year medianAgainst 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 margin3,727.6% Good beats 98% 22.9% 3,485.0% ≈ In line
Net margin2,179.3% Good beats 98% 14.4% 2,340.0% ≈ In line
Return on invested capital5.0% Bad beats 31% 5.5% – –
Return on equity10.3% Average beats 53% 10.1% 11.9% ≈ In line
Financial strength
Net debt / EBITDA6.6x Bad beats 32% 5.8x 6.0x ≈ In line
Interest cover2.0x Bad beats 21% 2.5x 2.4x ≈ In line
Current ratio0.95 Good beats 69% 0.78 0.71 ▲ Better
Piotroski F-score6 / 9 Average beats 58% 6 / 9 – –
Valuation
P/E ratio21.7x Average beats 50% 21.7x 18.3x ▼ Worse
Price / book2.2x Average beats 37% 2.2x 2.2x ≈ In line
Price / sales473.0x Bad beats 2% 2.9x 385.0x ▼ Worse
EV / EBITDA13.4x Average beats 60% 13.9x 12.6x ≈ In line
Cash flow
Free cash flow margin5,681.0% Good beats 98% -9.1% 5,457.6% ≈ In line
Cash from operations / net income2.61 Good beats 76% 2.20 2.33 ▲ Better
Accruals (lower is better)−3.7% Good beats 73% −3.3% – –
Efficiency
Days sales outstanding12,058 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

● 3 Good · ● 4 Average · ● 6 Bad
Cash 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 priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.

Financials

FY21FY22FY23FY24FY25
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 margin755.1%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.

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:

113 new390 added251 reduced248 unchanged74 sold out

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 →

#ManagerSharesValueChange 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 endManagers reportingShares reportedChange in reported shares vs the quarter before
30 Jun 20261,027168.89M+1.3%
31 Mar 2026985166.58M+3.3%
31 Dec 2025959162.38M−2.2%
30 Sep 2025915166.26M+0.1%
30 Jun 2025926165.38M–
Quarter-end positions, filed with the SEC up to 45 days later, so managers may have bought or sold since. Filings in this data run to 31 Aug 2026. Form 13F covers US institutional managers with at least $100 million in reportable securities and lists long positions only: options, short positions and smaller or non-US holders are not in it. A manager is a filer, not necessarily the final owner, and shares held for clients can be reported by more than one manager, so the lists overlap and are not a split of the company; for the same reason we show no share of shares outstanding. Value is shares times the quarter-end close; the change compares with the quarter before, is restated for splits and leaves out managers whose total reported S&P 500 holdings at least doubled or halved between the two quarters, which points to a change in what they report, not trading. 6 filing rows were left out because the value did not fit shares times price or exceeded the company's share count. "Smart money" is a label some analysts put on large institutions: these figures show who reported holding the stock, not that they were right, and they say nothing about where the price goes next. Source: SEC Form 13F data sets, updated when the SEC publishes the next quarter.

Technical summary

Daily
Neutral
8 bullish · 1 neutral · 7 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
SMA 10129.4Bullish
EMA 10129.6Bullish
SMA 20127.0Bullish
EMA 20128.6Bullish
SMA 50130.3Bullish
EMA 50130.8Bullish
SMA 100137.6Bearish
EMA 100134.3Bearish
SMA 200138.9Bearish
EMA 200135.8Bearish
Oscillators (daily)
RSI (14)59.52Neutral
MACD (12, 26)0.49Bullish
Momentum (12)3.65Bullish
Stochastic %K (14)83.79Bearish
Williams %R (14)-16.21Bearish
CCI (20)144.5Bearish
Pivot points (classic, last session)
S3
129.6
S2
130.5
S1
131.2
Pivot
132.1
R1
132.8
R2
133.7
R3
134.4
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
4.66 USD
Yield on today's price
3.53%
Frequency
Quarterly
Next ex-dividend date
Not announced
Tap a dividend date to compare the dividend yield on that day with today's.
Ex-dividend dateAmount per share
1.1650
1.1650
1.1650
1.1650
1.0900
1.0900
1.0900
1.0900
1.0200
1.0200
1.0200
1.0200
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold DTE

ETFShare of the fund
XLU Utilities Select Sector SPDR2.23%
VPU Vanguard Utilities1.95%
FUTY Fidelity MSCI Utilities Index1.92%
IDU iShares U.S. Utilities1.82%
SPHD Invesco S&P 500 High Dividend Low Vola...1.53%
SPLV Invesco S&P 500 Low Volatility1.22%
EMLP First Trust North American Energy Infr...1.16%
DVY iShares Select Dividend1.01%
The eight funds with the largest weight in DTE 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.

DTE 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).
Read the full methodology →

StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.