Dte Energy Company (DTE)
NYSE:DTE
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DTE Energy
(NYSE:DTE)
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Rating:58Neutral
Price Target:
$148.00
â–²(0.69% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by stable utility profitability but meaningful balance-sheet and cash-flow constraints (high leverage and negative free cash flow). Offsetting this, the latest earnings call was constructive with confident guidance and identifiable growth catalysts from data-center load and RNG credits, while technicals remain weak in the near term and valuation looks demanding given the P/E.
Positive Factors
Stable regulated earnings
DTE’s core regulated utility operations deliver predictable, rate‑base driven earnings with steady margins and a mid‑teens operating profile. That stability supports reliable cash flow generation and long‑term earnings visibility, underpinning investment planning and regulatory credibility.
Negative Factors
High leverage & negative free cash flow
Elevated leverage and structurally negative free cash flow constrain financial flexibility and increase reliance on external capital. Persistent FCF shortfalls and weak cash conversion amplify refinancing and rating risks, forcing regular equity issuance and raising the cost of funding for long‑term capex programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable regulated earnings
DTE’s core regulated utility operations deliver predictable, rate‑base driven earnings with steady margins and a mid‑teens operating profile. That stability supports reliable cash flow generation and long‑term earnings visibility, underpinning investment planning and regulatory credibility.
Read all positive factors
DTE Energy Key Performance Indicators (KPIs)
Any
Net Income Breakdown
Analyzes the components of net income, offering a clear view of profit sources and financial health.
Analyzes the components of net income, offering a clear view of profit sources and financial health.
Data provided by:
The Fly
The FlyDTE Energy (DTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.25B
Dividend Yield3.45%
Average Volume (3M)1.03M
Price to Earnings (P/E)30.6
Beta (1Y)0.07
Revenue Growth22.33%
EPS Growth-17.75%
CountryUS
Employees9,650
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.11
Shares Outstanding208,028,320
10 Day Avg. Volume997,608
30 Day Avg. Volume1,028,299
Financial Highlights & Ratios
PEG Ratio4.42
Price to Book (P/B)2.17
Price to Sales (P/S)1.69
P/FCF Ratio-26.65
Enterprise Value/Market Cap1.91
Enterprise Value/Revenue3.43
Enterprise Value/Gross Profit8.69
Enterprise Value/Ebitda13.70
Forecast
1Y Price Target
$161.30Price Target Upside9.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)7.72
Revenue Forecast (FY)$15.76B
DTE Energy Business Overview & Revenue Model
Company Description
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. ...
How the Company Makes Money
DTE primarily makes money from regulated utility operations and, to a lesser extent, from non-utility energy businesses. (1) Regulated electric utility revenue: DTE Electric earns revenue by selling electricity to residential, commercial, and indu...
DTE Energy Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: meaningful reliability gains, clear progress on large data center deals (Oracle and Google) with quantified customer affordability benefits, solid Q1 operating earnings and confident guidance backed by RNG tax-credit assumptions. Key challenges are concentrated around energy trading timing, corporate tax/interest timing effects, substantial incremental capital needs (and associated funding), regulatory approval risk for major data center contracts, and concentration/counterparty exposure as data centers ramp. Overall, management presented a balanced but largely positive picture with plans and protections to manage the principal risks.Positive Updates
Strong First-Quarter Financials
Operating earnings of $407 million for Q1 2026, or $1.95 per share, positioning the company to achieve the high end of full-year operating EPS guidance.
Negative Updates
Energy Trading Timing Headwinds
Energy trading earnings were $59 million lower in Q1 2026 versus Q1 2025 due to expected timing/portfolio shaping; management expects the timing to reverse and to hit the high end of full-year guidance, but short-term volatility is a headwind.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong First-Quarter Financials
Operating earnings of $407 million for Q1 2026, or $1.95 per share, positioning the company to achieve the high end of full-year operating EPS guidance.
Read all positive updates
Company Guidance
Management reiterated confidence in hitting the high end of 2026 operating EPS guidance after reporting Q1 operating earnings of $407M ($1.95/share), and expects 6%–8% operating EPS growth in 2026 versus the 2025 midpoint with a 6%–8% CAGR through 2030 (utilities to comprise ~93% of earnings by 2030). Key financial metrics and planning assumptions include RNG tax‑credit benefits of $50–60M this year, requested ROE of 10.25% with a 51% equity layer in the current rate case, nearly $800M of distribution investments proposed into the IRM by 2030, annual equity issuance of $500–600M (up to $100M internal; >$350M already priced via forwards), a target FFO-to-debt of ~15%, and meaningful data‑center upside (Oracle 1.4 GW, Google 1.0 GW — Google could drive roughly $5B incremental generation/storage CapEx through 2032 and ~$1.7B of customer benefits over the contract life; Oracle ~ $300M/year benefits), with a pipeline of roughly 2 GW in late‑stage and an additional 3–4 GW of opportunities.DTE Energy Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.33B | 15.81B | 12.46B | 12.74B | 19.23B | 14.96B |
| Gross Profit | 6.44B | 13.43B | 4.34B | 4.33B | 3.67B | 3.34B |
| EBITDA | 4.08B | 3.96B | 4.05B | 3.96B | 3.25B | 2.75B |
| Net Income | 1.26B | 1.46B | 1.40B | 1.40B | 1.08B | 907.00M |
Balance Sheet | ||||||
| Total Assets | 55.11B | 54.07B | 48.85B | 44.76B | 42.68B | 39.72B |
| Cash, Cash Equivalents and Short-Term Investments | 278.00M | 250.00M | 24.00M | 26.00M | 33.00M | 28.00M |
| Total Debt | 26.97B | 26.52B | 23.24B | 20.97B | 19.24B | 18.25B |
| Total Liabilities | 42.78B | 41.76B | 37.14B | 33.70B | 32.28B | 31.01B |
| Stockholders Equity | 12.32B | 12.30B | 11.70B | 11.05B | 10.40B | 8.71B |
Cash Flow | ||||||
| Free Cash Flow | -1.47B | -1.00B | -824.00M | -714.00M | -1.40B | -705.00M |
| Operating Cash Flow | 3.31B | 3.43B | 3.64B | 3.22B | 1.98B | 3.07B |
| Investing Cash Flow | -5.67B | -5.32B | -4.95B | -4.09B | -3.43B | -3.86B |
| Financing Cash Flow | 2.54B | 2.06B | 1.34B | 883.00M | 1.46B | 315.00M |
DTE Energy Technical Analysis
Positive
146.98
Price Trends
145.13
Positive
137.96
Positive
136.48
Positive
Market Momentum
0.81
Positive
51.79
Neutral
23.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DTE, the sentiment is Positive. The current price of 146.98 is above the 20-day moving average (MA) of 146.41, above the 50-day MA of 145.13, and above the 200-day MA of 136.48, indicating a bullish trend. The MACD of 0.81 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 23.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DTE.
DTE Energy Risk Analysis
DTE Energy disclosed 28 risk factors in its most recent earnings report. DTE Energy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
DTE Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $30.17B | 21.28 | 11.71% | 2.86% | 12.32% | 23.95% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $25.64B | 18.07 | 8.38% | 3.94% | 11.30% | -1.99% | |
62 Neutral | $35.39B | 10.91 | 9.16% | 0.66% | 5.26% | 18.73% | |
60 Neutral | $25.01B | 10.73 | 10.86% | 4.54% | 9.83% | 101.90% | |
59 Neutral | $27.01B | 15.88 | 8.32% | 3.13% | 7.52% | 21.81% | |
58 Neutral | $29.25B | 30.64 | 10.43% | 3.45% | 22.33% | -17.75% |
* Utilities Sector Average
DTE
DTE Energy
142.43
13.89
10.81%
AEE
Ameren
109.99
18.32
19.99%
FE
FirstEnergy
44.60
4.98
12.57%
ES
Eversource Energy
67.24
7.12
11.84%
PCG
PG&E
16.21
-0.59
-3.51%
PPL
PPL
36.24
3.49
10.66%
DTE Energy Corporate Events
Executive/Board ChangesShareholder Meetings
DTE Energy Shareholders Back Board, Auditor and Pay Plan
Positive
May 12, 2026
At its annual meeting held on May 7, 2026, DTE Energy shareholders elected all 13 director nominees, including Chair and CEO Gerardo Norcia and other incumbent and independent directors, to one-year terms expiring in 2027, reinforcing continuity i...
Business Operations and StrategyFinancial Disclosures
DTE Energy Posts Lower Q1 Earnings, Reaffirms 2026 Outlook
Positive
Apr 30, 2026
On April 30, 2026, DTE Energy reported first-quarter 2026 earnings of $247 million, or $1.19 per diluted share, down from $445 million, or $2.14 per share, a year earlier, while operating earnings slipped to $407 million, or $1.95 per share, from ...
Business Operations and StrategyFinancial Disclosures
DTE Energy Highlights Expanded Capital Plan and Data Center Growth
Positive
Mar 23, 2026
DTE Energy plans to meet with investors on March 24, 2026, to discuss its 2026 operating earnings guidance and a materially expanded capital plan driven by data center growth and grid and clean energy investments. The company is targeting 6%–...
Business Operations and StrategyLegal Proceedings
DTE Energy Hit With Major Clean Air Act Penalty
Negative
Feb 18, 2026
On February 18, 2026, DTE Energy reported that EES Coke Battery, its wholly owned Michigan coke facility, and certain parent entities including DTE Energy, have been found liable in a Clean Air Act case brought by the U.S. Department of Justice an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.