— Know what they know.
/
Not Investment Advice

DTE

NYSE · USD
DTE Energy Company
Utilities · Regulated Electric
CEO Joi Harris Employees 9,650 R&D / revenue 0.0%
Last price
$129.73+1.09%last session
Market cap
$27.0B
P/E (TTM)
20.4x
From 52w high
−16.7%
From 52w low
+8.4%
1-year return
−7.5%
RSI 14 · vs SMA200
56.3 · −7.8%
IS score
32.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

DTE   SPY   XLU (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116DTE 93XLU 92

Score DNA

Each bar is a 0-100 score within the scored universe
30
Profitability
44
Growth
53
Value
74
Momentum
15
Risk (safety)
51
Quality
20
Balance sheet
80
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
▲ Altman distress zone▲ Negative free cash flow▲ Share count rising
Observations
Moat model: None, Cost AdvantagePiotroski 4 / 9Altman Z 1.0Beta 0.392 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $822,280
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+48
132 new holders, 75 closed
1,037 filers hold 81.9% · 439 added, 276 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+292
817 funds adding shares
525 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
57.7%
20-day avg 49.4%, 50-day avg 46.4%
Latest 8.3 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$15.8B
Revenue growth YoY+26.9%
Gross margin84.9%
Operating income$2.4B
Operating margin15.0%
Net income$1.5B
Net margin9.2%
EPS (diluted)$7.06
Cash flow
Operating cash flow$3.4B
Capital expenditure$4.4B
Free cash flow−$1.0B
FCF conversion (FCF / OCF)-29.2%
Stock-based compensation$0
FCF less SBC−$1.0B
Buybacks$0
Dividends$871.0M
Balance sheet & returns
Cash & short-term investments$250.0M
Total debt$26.3B
Net debt$26.0B
Shareholders' equity$12.3B
Goodwill & intangibles$2.2B
Debt / equity2.29
ROE (TTM)10.8%
ROIC (TTM)3.8%
Operating margin by fiscal year
10.0%FY20219.1%FY202217.6%FY202316.8%FY202414.4%FY2025
Revenue $15.0B (FY2021) to $15.8B (FY2025), a 1.4% CAGR.

Valuation

P/E (TTM)20.4x
EV / EBITDA12.8x
Price / sales1.66x
Price / FCFn/m
FCF yield-7.15%
Buyback yield0.00%
SBC / revenue0.0%
Price / book2.22x
Forward P/E FY202616.8x
Forward P/E FY202715.5x
Forward P/E FY202814.4x
Forward multiples divide today's price by Street EPS estimates. Street mean target $144.33 across 12 analysts last quarter is theirs, not ours.

DTE vs industry median

139 companies in Regulated Electric
Gross margin 36.7% 39.0% Operating margin 12.3% 19.1% Net margin 8.1% 13.0% ROIC 3.8% 5.7%
DTE (TTM)Industry median Asset turnover 0.29 vs industry 0.24 · financial leverage 4.63

Earnings delivery

Next report 2026-11-05 · consensus EPS $2.25
67%
beat rate, 8 of 12 quarters
+4.4%
median EPS surprise
4
longest beat streak
+6-12+1-2+17+18+5+4-3+7+7-3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-27 to 2026-04-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
DTE DTE Energy Company $27.0B20.4x10.8%8.1%+26.9% −7.5%
FE FirstEnergy Corp. $26.7B24.6x8.4%7.9%+12.6% −0.3%
CNP CenterPoint Energy, Inc. $26.7B23.9x9.8%11.3%+7.1% +2.8%
PPL PPL Corporation $26.5B27.6x8.6%10.9%+6.7% −2.7%
ES Eversource Energy $25.2B17.3x9.1%1.8%+7.8% −5.3%
AEE Ameren Corporation $29.4B18.5x12.0%15.0%+3.8% —
CMS CMS Energy Corporation $21.5B20.3x11.3%6.6%+9.9% —
EIX Edison International $21.5B5.7x22.4%12.3%+10.7% —
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding208,088,000
Free float99.5%
Institutional ownership81.9%
Beta0.39
Dividend yield3.59%
Last dividend$1.17 on 2026-09-21
50 / 200-day average$131.97 / $140.89
Large-cap Utilities median P/E20.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where DTE sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureDTEIndustry medianIndustry percentileSector median
P/E (TTM) 20.5x 19.6x
57th		 20.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.7x 2.4x
34th		 2.4x
Price / book 2.2x 1.8x
82nd		 1.9x
Price / tangible book 3.2x 2.0x
89th		 2.1x
Price / free cash flow —
Price / operating cash flow 8.0x 9.1x
40th		 9.2x
Enterprise value $54.8B $51.2B
59th		 $25.7B
EV / sales 3.4x 3.9x
36th		 4.5x
EV / EBITDA 12.8x 11.6x
73rd		 11.9x
EV / EBIT 23.6x 19.5x
86th		 19.6x
EV / free cash flow —
Earnings yield 4.9% 5.1%
43rd		 4.8%
FCF yield -7.1% -1.8%
30th		 -4.2%
Operating cash flow yield 12.5% 10.7%
63rd		 10.3%
Graham number (per share) $91.29 $56.02
84th		 $48.77

Profitability (TTM)

MeasureDTEIndustry medianIndustry percentileSector median
Gross margin 36.7% 43.4%
18th		 43.4%
EBITDA margin 26.2% 40.2%
7th		 38.7%
Operating margin 12.3% 22.2%
7th		 20.9%
EBIT margin 14.3% 23.8%
7th		 23.2%
Net margin 8.1% 13.5%
14th		 12.4%
NOPAT margin 12.3% 19.3%
9th		 18.1%
FCF margin -11.9% -5.6%
39th		 -7.6%
Operating cash flow margin 20.8% 29.1%
11th		 28.3%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 5.4% 3.8%
58th		 4.2%
Stock comp / revenue 0.0% 0.0%
0th		 0.0%
Effective tax rate 0.5% 13.7%
11th		 18.4%

Returns on capital

MeasureDTEIndustry medianIndustry percentileSector median
ROE (on average equity) 11.1% 10.5%
55th		 9.5%
ROA 2.5% 2.7%
32nd		 2.6%
ROIC 5.0% 5.5%
30th		 5.5%
ROCE 4.6% 5.3%
20th		 5.1%
Return on tangible assets 4.4% 4.9%
20th		 4.7%
Cash ROIC (OCF / invested capital) 8.5% 8.6%
43rd		 8.0%
Gross profitability (GP / assets) 10.6% 9.1%
61st		 8.6%
ROIC, 3-yr average 4.4% 4.4%
48th		 4.2%
ROIC, 5-yr average 3.9% 4.3%
28th		 4.2%
ROE, 5-yr average 11.4% 10.7%
60th		 9.1%
Incremental ROIC 13.2% 21.9%
25th		 20.6%

Growth

MeasureDTEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 14.4% 8.0%
91st		 7.2%
Revenue growth (QoQ) -35.1% -16.9%
5th		 -16.9%
Revenue CAGR, 3 yr 0.1% 2.8%
9th		 3.0%
Revenue CAGR, 5 yr 4.6% 5.6%
19th		 6.3%
Gross profit CAGR, 3 yr 13.9% 8.0%
64th		 7.9%
Operating income CAGR, 3 yr -0.8% 10.5%
16th		 9.4%
Net income growth (TTM YoY) -8.5% 8.5%
17th		 8.6%
Net income CAGR, 3 yr 0.5% 9.5%
20th		 8.8%
EPS growth (TTM YoY) -8.9% 2.3%
17th		 4.2%
EPS CAGR, 3 yr 0.2% 6.6%
25th		 6.6%
EPS CAGR, 5 yr -1.5% 4.1%
10th		 4.0%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr —
Operating cash flow CAGR, 3 yr 9.1% 17.7%
28th		 12.7%
Book value CAGR, 3 yr 4.7% 4.8%
41st		 4.7%
Dividend CAGR, 3 yr 3.0% 0.3%
86th		 0.3%
Sustainable growth rate 3.4% 3.8%
30th		 3.7%

Margin history & stability

MeasureDTEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 34.4% 44.0%
18th		 42.6%
Operating margin, 3-yr average 15.0% 21.9%
11th		 20.0%
Net margin, 3-yr average 9.8% 13.0%
20th		 12.5%
FCF margin, 3-yr average -7.9% -4.3%
41st		 -7.9%
Revenue stability (0-1) 0.19 0.75
9th		 0.75
Earnings stability (0-1) 0.20 0.43
36th		 0.51
Margin stability (0-1) 0.83 0.83
45th		 0.84

Liquidity (latest quarter)

MeasureDTEIndustry medianIndustry percentileSector median
Cash & short-term investments $84.0M $241.0M
30th		 $215.5M
Net cash (− = net debt) −$27.8B −$24.6B
39th		 −$12.1B
Working capital −$1.3B −$794.4M
41st		 −$284.5M
Current ratio 0.76 0.80
32nd		 0.82
Quick ratio 0.50 0.66
27th		 0.69
Cash ratio (cash + ST investments / current liabilities) 0.02 0.07
23rd		 0.08
Defensive interval (days) 187 days 286 days
26th		 314 days

Leverage & solvency (latest quarter)

MeasureDTEIndustry medianIndustry percentileSector median
Total debt $27.8B $25.1B
57th		 $12.5B
Debt / equity 2.29 1.68
95th		 1.61
Net debt / equity 2.28 1.67
95th		 1.60
Debt / assets 49.5% 44.6%
93rd		 43.4%
Debt / capital 69.6% 62.7%
95th		 61.8%
Debt / EBITDA 6.53 5.59
89th		 5.59
Net debt / EBITDA 6.51 5.54
91st		 5.53
Interest coverage (EBIT / interest) 2.0x 2.4x
11th		 2.4x
Cash interest coverage 3.0x 3.1x
39th		 3.0x
Debt payback (years of OCF) 8.2 yrs 7.5 yrs
70th		 7.5 yrs
Liabilities / assets 78.4% 73.0%
89th		 70.8%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
75th		 750

Efficiency

MeasureDTEIndustry medianIndustry percentileSector median
Asset turnover 0.31 0.21
89th		 0.20
Fixed asset turnover 0.45 0.27
84th		 0.27
Inventory turnover 14.7 6.7
75th		 8.7
Receivables turnover 9.9 8.7
70th		 8.4
Days sales outstanding 37 days 41 days
28th		 43 days
Days inventory outstanding 25 days 54 days
23rd		 42 days
Days payables outstanding 55 days 77 days
14th		 75 days
Cash conversion cycle (days) 7 days 15 days
40th		 14 days
Capex / revenue 32.7% 33.3%
45th		 35.1%
Capex / depreciation 2.73 2.35
67th		 2.40
Operating expense ratio 4.2% 30.3%
9th		 30.7%

Cash flow & earnings quality

MeasureDTEIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.56 2.19
70th		 2.20
FCF / net income −1.46 −0.32
25th		 −0.74
FCF / operating cash flow -57.1% -20.3%
27th		 -33.3%
Capex / operating cash flow 157.1% 120.3%
71st		 133.3%
Accruals ratio -3.9% -3.3%
20th		 -3.2%
Sloan accruals ratio -5.6% -3.7%
16th		 -3.7%
Earnings quality score (0-1) 1.00 1.00
16th		 1.00

Dividends & buybacks

MeasureDTEIndustry medianIndustry percentileSector median
Dividend yield 3.6% 3.3%
70th		 3.3%
Dividend per share (TTM) $4.66 $2.56
93rd		 $1.87
Payout ratio (dividends / net income) 69.4% 65.4%
73rd		 63.9%
Dividends / FCF —
Dividend growth (YoY) 9.8% 3.9%
84th		 3.9%
Buyback yield 0.0% 0.0%
0th		 0.0%
Shareholder yield (dividends + buybacks) 3.4% 3.3%
57th		 3.3%
Share count change (YoY) 0.5% 2.2%
20th		 2.5%
Buybacks, last 5 years $0 $0
0th		 $0

Scores & forensic checks

MeasureDTEIndustry medianIndustry percentileSector median
IS score 32 42
11th		 40
IS profitability 30 50
2nd		 44
IS growth 44 49
23rd		 50
IS value 53 58
14th		 56
IS momentum 74 77
30th		 78
IS risk (safety) 15 15
0th		 15
IS quality 51 66
5th		 64
IS balance sheet 20 25
5th		 28
IS earnings quality 80 79
70th		 79
IS cash flow 35 35
20th		 35
Piotroski F-score (0-9) 4 6
2nd		 6
Altman Z-score 1.0 0.8
68th		 0.9
Beneish M-score −2.09 −2.60
91st		 −2.64
Ohlson O-score −6.71 −7.06
86th		 −7.04
IS credit score 21 27
0th		 29

Per share

MeasureDTEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $6.34 $3.90
89th		 $3.13
Book value per share $58.41 $34.68
82nd		 $32.52
Tangible book per share $48.00 $34.58
73rd		 $32.45
Revenue per share $78.10 $27.50
95th		 $24.86
FCF per share −$9.28 −$1.01
5th		 −$1.64
Operating cash flow per share $16.24 $8.38
91st		 $7.00
Cash per share $0.40 $0.80
34th		 $0.83

Size (TTM)

MeasureDTEIndustry medianIndustry percentileSector median
Market cap $27.0B $21.5B
66th		 $8.5B
Revenue $16.2B $12.5B
66th		 $5.4B
EBITDA $4.3B $4.3B
50th		 $2.7B
Net income $1.3B $1.3B
50th		 $559.7M
Free cash flow −$1.9B −$189.0M
14th		 −$190.6M
Total assets $56.2B $56.2B
50th		 $34.0B
Shareholders' equity $12.1B $12.5B
41st		 $5.1B
Employees 9,592 9,950
48th		 5,870

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Brandon David
Director
 Award / grant 294——17,515
2026-10-01Torgow Gary
Director
 Award / grant 294——7,689
2026-09-01Lauer Trevor F
Vice Chairman & Group Pres.
 Open-market sale 5,000$135.71$678,56073,122
2026-07-01Brandon David
Director
 Award / grant 241——17,087
2026-07-01Torgow Gary
Director
 Award / grant 241——7,339
2026-05-14Muschong Lisa A.
VP, Corp Sec & Chief of Staff
 Open-market sale 1,000$143.72$143,7206,233
2026-05-08Mcgovern Gail J
Director
 Option exercise 1,219——53,179
2026-05-08Mcgovern Gail J
Director
 Option exercise 1,219——1,219
2026-05-08Mcgovern Gail J
Director
 Return to issuer 1,219$140.60$171,3520
2026-05-07Byers Deborah L
Director
 Award / grant 1,230——3,977
2026-05-07Murray Mark A
Director
 Award / grant 1,230——3,977
2026-05-07Thomas David A
Director
 Award / grant 1,230——3,977

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJunJulSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1514,600—
Open-market saleDisposed26,000$822,280
Option exerciseDisposed56,918—
Option exerciseAcquired56,918—
Return to issuerDisposed55,494$798,670
—Disposed40—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-05-20John BoozmanSenateSale (Full)$1,001 - $15,0002025-06-14
2025-05-20John BoozmanSenateSale$1,001 - $15,0002025-06-14
2025-05-20John BoozmanSenateSale (Full)$1,001 - $15,0002025-06-13
2025-05-20John BoozmanSenateSale (Full)$1,001 - $15,0002025-06-13
2024-09-09Ro KhannaHouseSale$1,001 - $15,0002024-10-08
2023-09-26Jonathan JacksonHouseSale$15,001 - $50,0002023-11-01
2023-08-02Ro KhannaHousePurchase$1,001 - $15,0002023-09-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.25,695,899$3.9B12.35%
VANGUARD CAPITAL MANAGEMENT LLC12,568,029$1.9B6.04%
Capital Research Global Investors12,496,338$1.9B6.01%
STATE STREET CORP11,231,634$1.7B5.40%
VANGUARD PORTFOLIO MANAGEMENT LLC11,182,982$1.7B5.37%
Capital World Investors9,990,302$1.5B4.80%
GEODE CAPITAL MANAGEMENT, LLC5,870,599$891.2M2.82%
AMERIPRISE FINANCIAL INC5,606,302$854.4M2.69%
Jupiter Topco LLC3,132,273$477.3M1.51%
Invesco Ltd.2,983,653$454.6M1.43%
BANK OF AMERICA CORP /DE/2,736,767$417.0M1.32%
Boston Partners2,461,754$375.1M1.18%
MORGAN STANLEY1,862,652$283.8M0.90%
FRANKLIN RESOURCES INC1,685,194$256.8M0.81%
GOLDMAN SACHS GROUP INC1,639,136$249.8M0.79%

Institutional ownership by quarter

2023-092026-0681.9%
% of shares held by 13F filers
2023-092026-061,037
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,03781.9%13243927675
2026-03-3198980.1%13936730696
2025-12-3196577.9%14831133088
2025-09-3092179.3%9634828887
2025-06-3093479.1%10538527275
2025-03-3192177.9%12033528262
2024-12-3188076.8%12436623273
2024-09-3084576.3%10231825551
2024-06-3080476.6%8030826059
2024-03-3179276.4%9828623856
2023-12-3175675.5%11624924860
2023-09-3071174.8%7124725276

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.03%$803.4M
VSMPX0.03%$803.4M
VTSAX0.03%$803.4M
VTI0.03%$803.4M
VFFSX0.04%$665.7M
VFIAX0.04%$665.7M

Share structure

Shares outstanding208,088,000
Float206,945,666
Free float99.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$15.0B$19.2B$12.7B$12.5B$15.8B
Cost of revenue$11.6B$15.6B$8.4B$8.1B$2.4B
Gross profit$3.3B$3.7B$4.3B$4.3B$13.4B
R&D$0$0$0$0$0
SG&A$17.0M−$1.0M$9.0M$0$0
Operating income$1.5B$1.7B$2.2B$2.1B$2.4B
EBITDA$2.7B$3.3B$4.0B$4.1B$4.0B
Pretax income$656.0M$1.1B$1.6B$1.4B$1.6B
Income tax−$130.0M$29.0M$169.0M−$34.0M$88.0M
Net income$907.0M$1.1B$1.4B$1.4B$1.5B
EPS, diluted$4.67$5.52$6.76$6.77$7.06
Diluted shares194.0M196.0M206.0M207.0M207.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$28.0M$33.0M$26.0M$24.0M$250.0M
Receivables$1.8B$2.2B$1.8B$1.8B$2.1B
Inventory$858.0M$942.0M$1.1B$1.2B$0
Total current assets$3.3B$4.2B$3.5B$3.6B$4.3B
PP&E, net$27.0B$28.9B$28.3B$31.1B$0
Goodwill & intangibles$2.2B$2.2B$2.1B$2.1B$2.2B
Total assets$39.7B$42.7B$44.8B$48.8B$54.1B
Accounts payable$1.4B$1.6B$1.4B$1.4B$1.8B
Total current liabilities$6.3B$5.2B$5.9B$5.1B$5.4B
Long-term debt$14.5B$16.9B$17.4B$20.7B$24.0B
Total liabilities$31.0B$32.3B$33.7B$37.1B$41.8B
Shareholders' equity$8.7B$10.4B$11.1B$11.7B$12.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$907.0M$1.1B$1.4B$1.4B$1.5B
Depreciation & amortization$1.5B$1.5B$1.3B$1.3B$1.9B
Stock-based compensation$0$0$0$0$0
Change in working capital$398.0M−$751.0M$65.0M$328.0M−$219.0M
Operating cash flow$3.1B$2.0B$3.2B$3.6B$3.4B
Capital expenditure−$3.8B−$3.4B−$3.9B−$4.5B−$4.4B
Free cash flow−$705.0M−$1.4B−$714.0M−$824.0M−$1.0B
Investing cash flow−$3.9B−$3.4B−$4.1B−$5.0B−$5.3B
Net debt issued / repaid$1.7B$988.0M$1.7B$2.2B$3.0B
Buybacks−$66.0M−$55.0M$0$0$0
Dividends paid−$791.0M−$685.0M−$752.0M−$810.0M−$871.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin22.3%19.1%34.0%34.8%37.6%
Operating margin10.0%9.1%17.6%16.8%14.4%
Net margin6.1%5.6%11.0%11.3%9.4%
FCF margin-4.7%-7.3%-5.6%-6.6%-6.4%
ROE8.6%11.3%13.0%12.3%12.2%
ROIC6.7%5.8%6.3%6.1%5.5%
ROA2.1%2.6%3.2%3.0%2.8%
Debt / equity2.101.851.901.992.16
Interest coverage2.0x2.6x3.0x2.4x2.5x
Current ratio0.520.810.600.710.80
Revenue growth+25.0%+28.5%−33.7%−2.3%+25.4%
EPS growth−14.5%+16.4%+26.6%+0.1%+4.2%
P/E at year end22.8x19.8x15.2x17.2x18.3x
EV / EBITDA at year end13.9x12.3x10.5x11.6x11.8x
FCF yield at year end-3.41%-6.53%-3.36%-3.40%-3.75%
Dividend payout87.2%63.3%53.8%57.7%59.6%

Revenue by segment

FY2021FY2022FY2023
Energy Trading$6.8B$10.3B$4.6B
Electric$5.8B$15.0M$5.8B
Gas$1.6B$0$1.7B
DTE Vantage$1.5B$848.0M$809.0M
Corporate and Other—$0—

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $2.25 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$16.0B$15.1B – $16.7B$7.71$7.62 – $7.741016.8x
2027$16.5B$15.3B – $17.6B$8.35$8.21 – $8.551115.5x
2028$17.2B$15.1B – $19.1B$9.01$8.85 – $9.46614.4x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-30$2.01$1.95−3.0%$4.4B$5.1B+17.6%
2026-02-17$1.54$1.65+7.1%$3.4B$4.4B+30.7%
2025-10-30$2.11$2.25+6.6%$3.2B$3.5B+8.9%
2025-07-29$1.40$1.36−2.9%$2.8B$3.4B+23.3%
2025-05-01$2.02$2.10+4.0%$3.4B$4.4B+30.1%
2025-02-13$1.44$1.51+4.9%$3.3B$3.4B+3.7%
2024-10-24$1.88$2.22+18.1%$3.0B$2.9B−2.6%
2024-07-25$1.22$1.43+17.2%$2.4B$2.9B+18.4%
2024-04-25$1.71$1.67−2.3%$3.1B$3.2B+5.3%
2024-02-08$1.96$1.97+0.5%$4.6B$3.4B−25.7%
2023-11-01$1.63$1.44−11.7%$4.5B$2.9B−36.2%
2023-07-27$0.93$0.99+6.5%$5.1B$2.7B−47.0%
2023-04-27$1.38$1.33−3.6%$4.8B$3.8B−21.8%
2023-02-23$1.24$1.31+5.6%$1.7B$4.5B+170.0%
2022-10-27$1.58$1.60+1.3%$4.0B$5.3B+32.5%
2022-07-28$1.02$0.88−13.7%$3.1B$4.9B+58.8%
2022-04-28$2.05$2.31+12.7%—$4.6B—
2022-02-10$0.94$1.05+11.7%$3.2B$4.6B+45.0%
2021-10-27$1.83$1.72−6.0%$3.3B$3.7B+12.1%
2021-07-27$1.44$1.70+18.1%$3.3B$3.0B−8.9%
2021-04-27$2.17$2.44+12.4%$3.3B$3.6B+9.3%
2021-02-19$1.24$1.39+12.1%$3.2B$3.3B+2.3%
2020-10-27$2.07$2.61+26.1%$2.4B$3.1B+26.9%
2020-07-28$1.28$1.53+19.5%$2.2B$2.6B+19.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.206-220.206-290.207-060.207-130.307-200.207-270.308-030.308-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$193.3M1,421,56042,034
2026-08-24$180.7M1,326,61937,623
2026-08-17$188.7M1,354,36643,890
2026-08-10$283.9M2,049,51851,790
2026-08-03$300.0M2,137,13954,814
2026-07-27$248.4M1,712,61255,254

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1557.7%
DateShort shareShort volumeTotal volume
2026-10-1557.7%241,350418,029
2026-10-1460.3%261,801434,461
2026-10-1359.7%261,793438,595
2026-10-1248.7%202,348415,348
2026-10-0959.6%286,111480,175
2026-10-0863.5%261,815412,002
2026-10-0753.5%226,998424,675
2026-10-0649.4%266,358538,888
2026-10-0557.6%350,963609,697
2026-10-0258.9%358,104608,315
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.3Jan-1.1Feb+3.1Mar+2.9Apr+0.3May+0.2Jun+2.3Jul+0.0Aug-0.4Sep+1.8Oct+1.1Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan+0.3%50%20
Feb−1.1%55%20
Mar+3.1%86%21
Apr+2.9%70%20
May+0.3%60%20
Jun+0.2%55%20
Jul+2.3%70%20
Aug+0.0%55%20
Sep−0.4%50%20
Oct+1.8%75%20
Nov+1.1%55%20
Dec+1.4%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1456.3
MFI89.3
ADX28.1
Stochastic %K / %D90.5 / 91.7
Williams %R-4.8
CCI110
TSI / signal-10.0 / -27.5
Chaikin money flow0.03
ATR$2.12
Bollinger width8.9%
Volume vs 20-day avg0.84x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$125.35 (+3.5%)
SMA 50$131.55 (−1.4%)
SMA 200$140.72 (−7.8%)
EMA 21$127.62 (+1.7%)
EMA 50$131.33 (−1.2%)
EMA 200$137.65 (−5.8%)
Bollinger upper$130.95 (−0.9%)
Bollinger lower$119.75 (+8.3%)
Parabolic SAR$125.56 (+3.3%)
Open the live chart, 110+ indicators

About DTE Energy Company

DTE Energy Company, established in 1903 and based in Detroit, Michigan, is primarily engaged in utility services. Its Electric division is responsible for generating, acquiring, delivering, and selling electricity to approximately 2.3 million customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan. This segment also provides natural gas storage and transportation capacity. Its extensive network features approximately 20,000 miles of distribution mains, 1,304,000 service pipelines, 1,305,000 active meters, and about 2,000 miles of transmission pipelines. Through its Power and Industrial Projects segment, DTE Energy supplies metallurgical coke, along with pulverized coal and petroleum coke, to the steel, pulp and paper, and other industrial sectors. This segment also delivers essential services such as power, steam, and chilled water production, wastewater treatment, and compressed air to various industrial clients. Finally, the Energy Trading segment focuses on the marketing and trading of power, natural gas, and environmental commodities. It also undertakes structured transactions and works to optimize its contracted natural gas pipeline transportation and storage assets.

https://dteenergy.com

Key executives

NameTitlePayBorn
Gerardo NorciaExecutive Chairman$4.1M1963
Joi HarrisPresident, Chief Executive Officer & Director$2.5M1970
David RuudVice Chairman & Chief Financial Officer$2.2M1966
Trevor F. LauerVice Chairman & Group President$1.7M1964
Matthew T. PaulPresident & Chief Operating Officer – DTE Electric$1.4M1969
Bill ChiuVice President of Distribution Engineering & Technology——
John DermodyManager of Investor Relations——
Steven AmbroseChief Information Officer & Vice President——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Gerardo Norcia President and Chief Executive Officer2021$1.3M$6.5M$2.0M$11.1M
David E. Meador Vice Chairman and Chief Administrative Officer (Retired effective March 14, 2022)2021$789,231$1.9M$989,300$4.8M
Trevor F. Lauer President and Chief Operating Officer - DTE Electric2021$616,846$1.4M$516,100$3.3M
David Ruud Senior Vice President and Chief Financial Officer2021$623,077$1.3M$604,400$3.2M
Mark W. Stiers President and Chief Operating Officer - DTE Vantage and Energy Trading2021$573,077$965,680$706,600$2.5M

Employees

11k201811k201911k202010k202110k202210k202310k202410k2025

Dividends

Ex-dateAmountPaid
2026-09-21$1.1652026-10-15
2026-06-22$1.1652026-07-15
2026-03-16$1.1652026-04-15
2025-12-15$1.1652026-01-15
2025-09-15$1.092025-10-15
2025-06-16$1.092025-07-15
2025-03-17$1.092025-04-15
2024-12-16$1.092025-01-15

Moat model

None · Cost Advantage · 2026-06-30
Cost advantage43
Intangibles36
Switching costs32
Network effect28
Efficient scale42
Our component scores (0-100) and overall 36.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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