Dte Energy Company (DTE)
NYSE:DTE
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DTE Energy
(NYSE:DTE)
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Rating:61Neutral
Price Target:
$149.00
▲(3.14% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by below-average financial quality (leveraged balance sheet trend and historically weak/volatile free cash flow amid heavy capex). Offsetting this, the earnings call was constructive with clear 2026 EPS growth guidance and sizable contracted data-center upside, while valuation looks reasonable with a solid dividend; technicals are mixed with near-term weakness but a longer-term uptrend.
Positive Factors
Data‑center contracts & pipeline
Long‑dated, large data‑center contracts provide durable, highly predictable load and justify substantial regulated and storage capital that expands rate base. This supports the company’s stated 6%–8% EPS CAGR, creates multi‑year contracted revenue, and materially de‑risks growth versus merchant exposure.
Negative Factors
High leverage / balance sheet risk
Multi‑year elevated leverage increases sensitivity to rising interest costs and reduces financial flexibility when funding a larger capex slate. High leverage makes the company more dependent on equity issuances and regulated recovery assumptions, constraining downside protection during economic or regulatory stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Data‑center contracts & pipeline
Long‑dated, large data‑center contracts provide durable, highly predictable load and justify substantial regulated and storage capital that expands rate base. This supports the company’s stated 6%–8% EPS CAGR, creates multi‑year contracted revenue, and materially de‑risks growth versus merchant exposure.
Read all positive factors
DTE Energy (DTE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.02B
Dividend Yield3.45%
Average Volume (3M)1.32M
Price to Earnings (P/E)18.3
Beta (1Y)0.11
Revenue Growth19.42%
EPS Growth-9.68%
CountryUS
Employees9,650
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)1.65
Shares Outstanding207,803,760
10 Day Avg. Volume1,206,554
30 Day Avg. Volume1,321,313
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 Cap1.89
Enterprise Value/Revenue3.62
Enterprise Value/Gross Profit9.65
Enterprise Value/Ebitda13.12
Forecast
1Y Price Target
$156.80Price Target Upside8.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)7.72
Revenue Forecast (FY)$15.03B
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 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 Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call emphasized multiple material wins: a clear EPS beat in 2025, strong reliability improvements, significant renewable and storage buildout, and a large data center contract (1.4 GW) with pronounced upside from additional data center opportunities. Management reiterated confident 2026 guidance (6%–8% EPS growth) and a long‑term plan with expanded capital investment and financing actions. Offsetting risks include higher O&M and corporate costs, sizable incremental capital requirements ($36.5B 5‑year plan), regulatory and community scrutiny around data centers, and some dependence on tax credits and favorable policy. On balance, the positive operational and financial momentum and the substantial growth opportunities outweigh the highlighted risks.Positive Updates
Strong Financial Results and EPS Beat
2025 operating earnings of $1.5 billion and operating EPS of $7.36, which was above the high end of 2025 guidance.
Negative Updates
Higher O&M and Rate Base Costs
Higher O&M and rate base costs partially offset utility earnings gains (noted at both DTE Electric and DTE Gas), and DTE Gas O&M returned to more normalized (higher) levels after prior lean operational measures.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Financial Results and EPS Beat
2025 operating earnings of $1.5 billion and operating EPS of $7.36, which was above the high end of 2025 guidance.
Read all positive updates
Company Guidance
Management guided 2026 operating EPS of $7.59–$7.73 (implying 6%–8% growth versus the 2025 guidance midpoint) and reiterated confidence in delivering at the high end driven by RNG tax credits; 2025 operating EPS was $7.36 (operating earnings $1.5B). The 5‑year capital plan was increased by $6.5B to $36.5B, with a target of 6%–8% operating EPS CAGR through 2030 (bias to the high end) and utilities expected to represent ~93% of earnings by 2030; data‑center upside includes a signed 1.4 GW deal, >3 GW in advanced discussions and a 3–4 GW pipeline that could push 2027–2030 CAGR above 8%. Other metrics: annual equity issuance target $500M–$600M (2026–28, similar through 2030), roughly 40% equity funding of incremental CapEx, FFO/debt target ≈15% (15.4% at year‑end 2025), trading guide $50M–$60M, and nearly $2B of incremental storage investment tied to the data‑center ramp with expected $300M/year of customer affordability benefits at full ramp.DTE Energy Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
45
Neutral
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.81B | 12.46B | 12.74B | 19.23B | 14.96B |
| Gross Profit | 13.43B | 4.34B | 4.33B | 3.67B | 3.34B |
| EBITDA | 3.96B | 4.05B | 3.96B | 3.25B | 2.75B |
| Net Income | 1.46B | 1.40B | 1.40B | 1.08B | 907.00M |
Balance Sheet | |||||
| Total Assets | 54.07B | 48.85B | 44.76B | 42.68B | 39.72B |
| Cash, Cash Equivalents and Short-Term Investments | 250.00M | 24.00M | 26.00M | 33.00M | 28.00M |
| Total Debt | 26.52B | 23.24B | 20.97B | 19.24B | 18.25B |
| Total Liabilities | 41.76B | 37.14B | 33.70B | 32.28B | 31.01B |
| Stockholders Equity | 12.30B | 11.70B | 11.05B | 10.40B | 8.71B |
Cash Flow | |||||
| Free Cash Flow | -1.00B | -824.00M | -714.00M | -1.40B | -705.00M |
| Operating Cash Flow | 3.43B | 3.64B | 3.22B | 1.98B | 3.07B |
| Investing Cash Flow | -5.32B | -4.95B | -4.09B | -3.43B | -3.86B |
| Financing Cash Flow | 2.06B | 1.34B | 883.00M | 1.46B | 315.00M |
DTE Energy Technical Analysis
Positive
144.47
Price Trends
141.34
Positive
136.06
Positive
135.20
Positive
Market Momentum
0.52
Positive
50.66
Neutral
28.93
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 144.47 is below the 20-day moving average (MA) of 146.29, above the 50-day MA of 141.34, and above the 200-day MA of 135.20, indicating a neutral trend. The MACD of 0.52 indicates Positive momentum. The RSI at 50.66 is Neutral, neither overbought nor oversold. The STOCH value of 28.93 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $30.05B | 18.55 | 11.48% | 2.86% | 22.71% | 22.86% | |
67 Neutral | $28.29B | 21.95 | 8.16% | 3.13% | 8.42% | 32.48% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $28.91B | 25.33 | 8.04% | 3.94% | 7.64% | 48.61% | |
63 Neutral | $25.38B | 14.75 | 10.71% | 4.54% | 13.12% | ― | |
61 Neutral | $30.02B | 18.26 | 12.16% | 3.45% | 19.42% | -9.68% | |
57 Neutral | $37.74B | 13.06 | 8.55% | 0.66% | -0.27% | -7.65% |
* Utilities Sector Average
DTE
DTE Energy
144.47
11.02
8.26%
AEE
Ameren
108.72
10.88
11.12%
FE
FirstEnergy
50.03
11.21
28.88%
ES
Eversource Energy
67.59
8.25
13.90%
PCG
PG&E
17.17
-0.04
-0.23%
PPL
PPL
37.65
2.70
7.73%
DTE Energy Corporate Events
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...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
DTE Energy Updates Executive Incentive and Long-Term Pay Metrics
Neutral
Feb 9, 2026
On February 4, 2026, DTE Energy’s Organization and Compensation Committee set the 2026 performance measures and weightings for its Annual Incentive Plan, tying executive bonuses at DTE Energy, DTE Electric and DTE Vantage to operating earnin...
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.