DTE Energy Company logo

DTE Energy Company

DTE

NYSEUtilitiesRegulated Electric

Previous close

$135.22

−$2.93 · -2.12%

Aug 21, 4:00 PM ET

DTE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

78

Undervalued

Momentum

47

Neutral

Sentiment

62

Bullish

Risk resilience

86

Low Risk

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Company profile

Company website

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.

Industry
Regulated Electric
Sector
Utilities
Headquarters
US
CEO
Joi Harris
Listed since
Jan 2, 1970
Employees
9,592

Market position

Day range

Current $135.22

52-week range

Current $135.22

Open
$138.81
Previous close
$138.15
Volume
1.14M
0.79× average
Average volume
1.43M
Average daily volume
Market cap
28.14B USD
Beta
0.4
Market reference 1
50-day average
$145.96
-7.36% below average
200-day average
$141.53
-4.46% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
52.97B USD
P/E (TTM)
21.23×
P/B (TTM)
2.32×
P/S (TTM)
1.73×
EV / EBITDA
13.38×
Earnings yield
5.48%
Free cash flow yield
-3.75%
Dividend yield
3.39%

Profitability & efficiency

Gross margin
36.75%
Operating margin
12.35%
Net margin
8.12%
Return on equity
11.88%
Return on assets
2.70%
Return on invested capital
4.40%

Financial health

Debt / equity
2.29×
Current ratio
0.8×
Altman Z-score
0.91
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends93%61%29%-2%Gross margin, FY2021: 22.29%Gross margin, FY2022: 19.08%Gross margin, FY2023: 33.95%Gross margin, FY2024: 34.82%Gross margin, FY2025: 84.94%Operating margin, FY2021: 9.99%Operating margin, FY2022: 9.09%Operating margin, FY2023: 17.60%Operating margin, FY2024: 16.79%Operating margin, FY2025: 15.01%Net margin, FY2021: 6.06%Net margin, FY2022: 5.63%Net margin, FY2023: 10.96%Net margin, FY2024: 11.25%Net margin, FY2025: 9.24%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 22.29%. Gross margin FY2022 19.08%. Gross margin FY2023 33.95%. Gross margin FY2024 34.82%. Gross margin FY2025 84.94%. Operating margin FY2021 9.99%. Operating margin FY2022 9.09%. Operating margin FY2023 17.60%. Operating margin FY2024 16.79%. Operating margin FY2025 15.01%. Net margin FY2021 6.06%. Net margin FY2022 5.63%. Net margin FY2023 10.96%. Net margin FY2024 11.25%. Net margin FY2025 9.24%.

Income trends

Revenue

15.81B USD+26.95%

Operating income

2.37B USD+13.53%

Net income

1.46B USD+4.35%
Income trends across reported periods21.06B USD13.73B USD6.4B USD−925.1M USDRevenue, FY2021: 14.96B USDRevenue, FY2022: 19.23B USDRevenue, FY2023: 12.75B USDRevenue, FY2024: 12.46B USDRevenue, FY2025: 15.81B USDOperating income, FY2021: 1.5B USDOperating income, FY2022: 1.75B USDOperating income, FY2023: 2.24B USDOperating income, FY2024: 2.09B USDOperating income, FY2025: 2.37B USDNet income, FY2021: 907M USDNet income, FY2022: 1.08B USDNet income, FY2023: 1.4B USDNet income, FY2024: 1.4B USDNet income, FY2025: 1.46B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 14.96B USD. Revenue FY2022 19.23B USD. Revenue FY2023 12.75B USD. Revenue FY2024 12.46B USD. Revenue FY2025 15.81B USD. Operating income FY2021 1.5B USD. Operating income FY2022 1.75B USD. Operating income FY2023 2.24B USD. Operating income FY2024 2.09B USD. Operating income FY2025 2.37B USD. Net income FY2021 907M USD. Net income FY2022 1.08B USD. Net income FY2023 1.4B USD. Net income FY2024 1.4B USD. Net income FY2025 1.46B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue15.81B USD12.46B USD12.75B USD19.23B USD14.96B USD
Cost of goods sold2.38B USD8.12B USD8.42B USD15.56B USD11.63B USD
Gross profit13.43B USD4.34B USD4.33B USD3.67B USD3.34B USD
Selling, general, and administrative9M USD−1M USD17M USD
Operating expenses11.06B USD2.25B USD2.08B USD1.92B USD1.84B USD
Interest income120M USD136M USD57M USD46M USD22M USD
Interest expense1.06B USD951M USD791M USD675M USD630M USD
Depreciation and amortization1.91B USD1.73B USD1.61B USD1.47B USD1.46B USD
Operating income2.37B USD2.09B USD2.24B USD1.75B USD1.5B USD
Net income1.46B USD1.4B USD1.4B USD1.08B USD907M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+6.00%
11 comparable reports
Latest EPS result
1.32
Estimate 1.14 · Beat by 15.79%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.492.011.521.04Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 1.51, estimate 1.44, surprise +4.86%, Beat. Q2 2025, reported May 1, 2025: actual 2.1, estimate 2.02, surprise +3.96%, Beat. Q3 2025, reported Jul 29, 2025: actual 1.36, estimate 1.4, surprise -2.86%, Miss. Q4 2025, reported Oct 30, 2025: actual 2.25, estimate 2.11, surprise +6.64%, Beat. Q1 2026, reported Feb 17, 2026: actual 1.65, estimate 1.54, surprise +7.14%, Beat. Q2 2026, reported Apr 30, 2026: actual 1.95, estimate 2.01, surprise -2.99%, Miss. Q3 2026, reported Jul 28, 2026: actual 1.32, estimate 1.14, surprise +15.79%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 2.39, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.35B4.42B3.49B2.57BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 3.44B USD, estimate 3.31B USD, surprise +3.71%, Beat. Q2 2025, reported May 1, 2025: actual 4.44B USD, estimate 3.41B USD, surprise +30.11%, Beat. Q3 2025, reported Jul 29, 2025: actual 3.42B USD, estimate 2.77B USD, surprise +23.32%, Beat. Q4 2025, reported Oct 30, 2025: actual 3.53B USD, estimate 3.24B USD, surprise +8.93%, Beat. Q1 2026, reported Feb 17, 2026: actual 4.43B USD, estimate 3.39B USD, surprise +30.66%, Beat. Q2 2026, reported Apr 30, 2026: actual 5.14B USD, estimate 4.37B USD, surprise +17.64%, Beat. Q3 2026, reported Jul 28, 2026: actual 3.37B USD, estimate 3.36B USD, surprise +0.34%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 3.44B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$159

17.59% upside
Past 12 months12-month forecastHigh $172Average $159Low $148

Recent analyst actions

12 institutions

DTE news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$4.435

2025 complete year+24.7% since 2021

2026 partial: $2.33

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 21, 2026

$1.165

Quarterly

Record Sep 21, 2026 · Payment Oct 15, 2026

Dividend

Ex-dividend Jun 22, 2026

$1.165

Quarterly

Record Jun 22, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 16, 2026

$1.165

Quarterly

Record Mar 16, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 15, 2025

$1.165

Quarterly

Record Dec 15, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 15, 2025

$1.09

Quarterly

Record Sep 15, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 16, 2025

$1.09

Quarterly

Record Jun 16, 2025 · Payment Jul 15, 2025

DTE peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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