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Dte Energy Co (DTE)

Utilities · Multi-Utilities · US stock · S&P 500 component
Compare with D
$139.72▲ +0.52 (0.37%) At close · USD · Volume 1,064,152
1 Day+0.37%
1 Week+3.44%
1 Month+8.88%
3 Months−1.01%
6 Months−0.04%
1 Year−0.40%
5 Years+22.42%
  • Prev. close$139.20
  • Open$139.90
  • Day's range$139.08 – $140.77
  • 52-week range$119.68 – $155.75
  • Volume1,064,152
  • Avg. volume (3m)1,546,960
  • 1-year change−0.40%
  • Market cap$29.1B
  • Revenue (TTM)$58M
  • Net income (TTM)$1.3B
  • EPS (TTM)$6.10
  • P/E (TTM)22.9
  • Dividend yield3.3%
  • Operating margin3,727.6%
  • Return on capital5.0%
  • EBIT / EV yield3.9%
  • Debt incl. leases$26.7B
  • Cash & securities$238M
  • X-Ray score40 / 100
  • Fair value$137 · Fair

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.

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 3.3%. Overall, the X-Ray Score is 40 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.

Fair value estimate

How it works →
$137Fair−1.6% to fair value · middle half of models $118 – $155
Price $140
Undervalued < $117Fair $117 – $166Overvalued > $166

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

P/E multiple$136
P/B multiple$136
P/S multiple$96
EV/EBITDA multiple$136
EV/EBIT multiple$126
EV/revenue multiple$77
10-year DCF, EBITDA exit$168
5-year DCF, EBITDA exit$147
10-year DCF, revenue exit$163
5-year DCF, revenue exit$137
10-year DCF, growth exit$134
5-year DCF, growth exit$109
Dividend discount, stable$179
Dividend discount, multi-stage$241
Earnings power value$69
Growth the price implies13.1%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 4.98%, 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

Method →

Every score explained in one sentence, ranked against Utilities peers.

  • Valuation
    39Weak

    Expensive against its sector on earnings and cash flow.

    See the numbers →
    EBIT / EV yield3.9%
    Fair value vs price1.0×
  • Growth
    16Weak

    Growing slower than most of its sector.

    See the numbers →
    Revenue growth (3y)-9.4%
    EPS growth (3y)8.4%
    Growth consistency30%
  • Profitability
    49Weak

    Earns lower returns on its capital than most peers.

    See the numbers →
    Return on invested capital5.0%
    Operating margin3,727.6%
  • Financial health
    47Weak

    Balance sheet is more stretched than most peers.

    See the numbers →
    Piotroski F-Score6 / 9
    Net debt / EBITDA6.6×
    Interest cover2.0×
  • Dividends
    56Fair

    Dividend is typical for its sector.

    See the numbers →
    Dividend yield3.3%
    Dividend growth8.3%
Strong 70 to 100 Fair 50 to 69 Weak under 50 No score: not enough data

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...68 AEE Ameren Corp54 D Dominion Energy, Inc54 NI Nisource Inc.50
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 22.6% 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
  • Price momentum is strong on the weekly and monthly signals (trends can reverse).
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.
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 36, XEL 27, ED 68, AEE 54.
MetricDTEPeersSector
X-Ray Score (out of 100)404450
Valuation393847
Growth165353
Profitability493552
Financial health474751
Dividends565253

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 International72
#2 ED Consolidated Edison Inc68
#3 ES Eversource Energy66
#4 EXC Exelon Corp61
#5 AWK American Water Works Compa...61
…
#25 DTE Dte Energy Co (this stock)40
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% 23.1% 3,485.0% ≈ In line
Net margin2,179.3% Good beats 98% 14.5% 2,340.0% ≈ In line
Return on invested capital5.0% Bad beats 32% 5.4% – –
Return on equity10.3% Average beats 50% 10.3% 11.9% ≈ In line
Financial strength
Net debt / EBITDA6.6x Bad beats 29% 5.7x 6.0x ≈ In line
Interest cover2.0x Bad beats 22% 2.5x 2.4x ≈ In line
Current ratio0.95 Good beats 69% 0.80 0.71 ▲ Better
Piotroski F-score6 / 9 Average beats 58% 6 / 9 – –
Valuation
P/E ratio22.9x Average beats 37% 21.2x 18.3x ▼ Worse
Price / book2.3x Average beats 34% 2.2x 2.2x ≈ In line
Price / sales499.2x Bad beats 2% 3.1x 385.0x ▼ Worse
EV / EBITDA13.7x Average beats 58% 14.2x 12.6x ≈ In line
Cash flow
Free cash flow margin5,681.0% Good beats 98% -10.1% 5,457.6% ≈ In line
Cash from operations / net income2.61 Good beats 82% 2.20 2.33 ▲ Better
Accruals (lower is better)−3.7% Good beats 75% −3.1% – –
Efficiency
Days sales outstanding12,058 days Bad beats 2% 43 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 47/100.

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.

DTE insider buying and selling (SEC Form 4)

Over the 12 months to 13 November 2026, Dte Energy Co insiders filed Form 4s reporting 2 open-market sales by 2 people worth $822K. There was no open-market purchase in the period or in the 24 months of data we hold. The largest sale was $679K by Lauer Trevor F, Vice Chairman & Group Pres. on 1 Sep 2026.

Sales $822K · 2Purchases $0 · 0Net −$822KAwards, exercises, tax and gifts · 70
1 Sep 2026
Lauer Trevor F
Vice Chairman & Group Pres.
Sale $679K
5,000 shares at $135.71 · holds 73,122 after · Form 4 on SEC
14 May 2026
Muschong Lisa A.
VP, Corp Sec & Chief of Staff
Sale $144K
1,000 shares at $143.72 · holds 6,233 after · Form 4 on SEC
14 Aug 2025
Muschong Lisa A.
VP, Corp Sec & Chief of Staff
Sale $225K
1,600 shares at $140.53 · holds 4,153 after · Form 4 on SEC
24 Feb 2025
Chavez JoAnn
Sr VP & Chief Legal Officer
Sale $935K
7,062 shares at $132.40 · holds 14,067 after · Form 4 on SEC
19 Feb 2025
Myrick Tracy J
Chief Accounting Officer
Sale $132K
1,014 shares at $129.92 · holds 3,437 after · Form 4 on SEC
19 Feb 2025
Paul Matthew T.
Pres. & COO-DTE Electric Co. · held indirectly
Sale $492K
3,801 shares at $129.56 · holds 6,951 after · Form 4 on SEC
Latest 6 open-market trades in the last 24 months, newest first. One line is one trade date in one filing; a sale filled in several lots is added up.
Source: Form 4 and 4/A filings on SEC EDGAR, which officers, directors and 10% owners must file within two business days of a trade; the filings in this data run to 13 November 2026. Buying and selling here means open-market purchases (transaction code P) and sales (code S) only. Awards, option exercises, shares withheld to pay tax and gifts are counted apart, because they are not a decision to buy or sell at the market price. Dollar values are shares times the price on the filing; a price far from that day's close is left out of the totals. A sale under a Rule 10b5-1 plan was scheduled in advance. The "holds after" figure is as reported and can leave out options and unvested units. Largest recent insider purchases across the S&P 500.

Technical summary

Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
SMA 10137.4Bullish
EMA 10137.5Bullish
SMA 20134.5Bullish
EMA 20135.2Bullish
SMA 50130.3Bullish
EMA 50133.3Bullish
SMA 100136.4Bullish
EMA 100134.8Bullish
SMA 200139.3Bullish
EMA 200135.8Bullish
Oscillators (daily)
RSI (14)67.23Neutral
MACD (12, 26)2.66Bullish
Momentum (12)5.88Bullish
Stochastic %K (14)88.93Bearish
Williams %R (14)-11.07Bearish
CCI (20)125.8Bearish
Pivot points (classic, last session)
S3
137.3
S2
138.2
S1
138.9
Pivot
139.9
R1
140.6
R2
141.5
R3
142.3
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
3.34%
Frequency
Quarterly
Next ex-dividend date
21 Dec 2026
Tap a dividend date to compare the dividend yield on that day with today's.
Ex-dividend dateAmount per share
(upcoming) 1.2450
1.1650
1.1650
1.1650
1.1650
1.0900
1.0900
1.0900
1.0900
1.0200
1.0200
1.0200
Ex-dividend dates and amounts from our market-data provider. Shown as declared, before tax.

ETFs that hold DTE

ETFShare of the fund
UTES Virtus Reaves Utilities3.95%
XLU Utilities Select Sector SPDR2.23%
VPU Vanguard Utilities1.93%
FUTY Fidelity MSCI Utilities Index1.92%
IDU iShares U.S. Utilities1.82%
FXU First Trust Utilities AlphaDEX1.58%
SPLV Invesco S&P 500 Low Volatility1.17%
EMLP First Trust North American Energy Infr...1.16%
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.

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.