Want to see DTE full AI Analyst Report?
Top Page
DTE Energy
(NYSE:DTE)
Select Model
Select Model
Rating:63Neutral
Price Target:
$150.00
â–²(10.18% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by moderate financial fundamentals (steady margins and operating cash flow, but high leverage, multi-year negative free cash flow, and revenue volatility) and a constructive earnings-call outlook (high-end 2026 guidance confidence and credible long-term growth plan supported by data-center opportunities). These positives are tempered by weak-to-neutral technical momentum, only moderate valuation support, and a financing event that helps liquidity but increases long-duration obligations.
Positive Factors
Stable Utility Profitability and Cash Generation
Consistent utility margins and substantial operating cash flow support ongoing operations, debt service and investment. This earnings resilience provides a durable base for DTE’s regulated businesses despite changes in weather and energy demand.
Negative Factors
Elevated Leverage
High leverage limits financial flexibility and increases sensitivity to interest costs while DTE funds a large capital program. Although typical for utilities, the balance-sheet burden could constrain investment capacity or require continued equity issuance.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Utility Profitability and Cash Generation
Consistent utility margins and substantial operating cash flow support ongoing operations, debt service and investment. This earnings resilience provides a durable base for DTE’s regulated businesses despite changes in weather and energy demand.
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
$28.66B
Dividend Yield3.37%
Average Volume (3M)1.22M
Price to Earnings (P/E)21.4
Beta (1Y)0.05
Revenue Growth17.53%
EPS Growth-8.86%
CountryUS
Employees9,592
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.37
Shares Outstanding208,088,070
10 Day Avg. Volume1,180,705
30 Day Avg. Volume1,222,358
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$155.90Price Target Upside14.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)7.71
Revenue Forecast (FY)$15.97B
DTE Energy Business Overview & Revenue Model
Company Description
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 cust...
How the Company Makes Money
DTE makes money primarily through regulated utility operations and, to a lesser extent, through non-utility energy businesses.
1) Regulated utility revenue (core earnings driver)
- Electric utility: DTE earns revenue by selling electricity to cus...
DTE Energy Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call emphasized strong execution on multiple fronts — a robust data center pipeline with material affordability benefits, significant reliability improvements (90% reduction in outage duration from 2023–2025), solid non-utility performance, and a clear funding plan to support a large capital program. Key near-term challenges include the severe July storm that extended restoration times, certain year-over-year utility earnings declines driven by tax timing and weather, counterparty credit volatility (Oracle downgrade) mitigated by contractual protections, and pipeline gating by zoning and permitting. On balance, the positive operational, financial and strategic developments (notably the data center agreements and demonstrated reliability gains) outweigh the discrete challenges noted during the call.Positive Updates
Solid Quarterly Financials and EPS
Operating earnings of $274 million in Q2 2026, equivalent to $1.32 per share; company says results keep it on track to reach the high end of 2026 operating EPS guidance and supports long-term 6%–8% operating EPS growth through 2030.
Negative Updates
Severe July Storm and Extended Restoration Times
Fast-moving July storm impacted nearly 400,000 customers, caused over 600 broken poles and widespread damage (including trees outside right-of-way); restoration times extended beyond typical targets and required mutual aid from out-of-state crews.
Read all updates
Q2-2026 Updates
Positive
Negative
Solid Quarterly Financials and EPS
Operating earnings of $274 million in Q2 2026, equivalent to $1.32 per share; company says results keep it on track to reach the high end of 2026 operating EPS guidance and supports long-term 6%–8% operating EPS growth through 2030.
Read all positive updates
Company Guidance
DTE said it remains on track to hit the high end of 2026 operating EPS guidance (Q2 operating earnings $274M, $1.32/share) and reiterated a long‑term operating EPS growth target of 6%–8% through 2030 (5‑year plan supports 6%–8% growth with utility earnings ~93% of total by 2030), underpinned by planned investments of roughly $11B over the next five years and liquidity/credit targets (annual equity issuance $500M–$600M in 2026–2028 and through 2030, up to $100M internally, forward sales priced $350M in Q1 + $150M in Q2, target FFO/debt ~15%, maintain investment‑grade). Data centers provide upside (2.4 GW executed: 1.4 GW Oracle approved and under construction, 1.0 GW Google pending MPSC approval expected in September; pipeline 5–6 GW including ~2 GW in advanced discussions with a goal of another agreement by end‑2026 and a further 3–4 GW possible), and are expected to deliver material affordability benefits (Oracle ≈$300M annual to customers; Google ≈$1.7B over contract life) that could support a proposed rate‑case IRM with nearly $800M of capital by 2030 and a potential stay‑out until at least 2028 if mechanisms are approved; reliability targets include reducing outage frequency 30% and halving duration by 2029, with outage duration already improved 90% from 2023–2025, best all‑weather SAIDI in nearly two decades, 97% of customers restored within 24 hours (prior five storms), and operational metrics such as 700+ automated devices installed in 2025 (~20% over plan) with >500 planned in 2026, ~200 miles of hardening and ~1,000 miles of pole‑top maintenance in 2025 (target ~1,700 miles in 2026), >70 miles of 4.8 kV conversions and >20 miles of subtransmission rebuilt in 2025, and a goal to fully automate distribution by decade‑end.DTE Energy Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
57
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.24B | 15.81B | 12.46B | 12.74B | 19.23B | 14.96B |
| Gross Profit | 5.97B | 13.43B | 4.34B | 4.33B | 3.67B | 3.34B |
| EBITDA | 4.26B | 3.96B | 4.05B | 3.96B | 3.25B | 2.75B |
| Net Income | 1.32B | 1.46B | 1.40B | 1.40B | 1.08B | 907.00M |
Balance Sheet | ||||||
| Total Assets | 56.23B | 54.07B | 48.85B | 44.76B | 42.68B | 39.72B |
| Cash, Cash Equivalents and Short-Term Investments | 84.00M | 250.00M | 24.00M | 26.00M | 33.00M | 28.00M |
| Total Debt | 27.84B | 26.52B | 23.24B | 20.97B | 19.24B | 18.25B |
| Total Liabilities | 44.08B | 41.76B | 37.14B | 33.70B | 32.28B | 31.01B |
| Stockholders Equity | 12.15B | 12.30B | 11.70B | 11.05B | 10.40B | 8.71B |
Cash Flow | ||||||
| Free Cash Flow | -1.93B | -1.00B | -824.00M | -714.00M | -1.40B | -705.00M |
| Operating Cash Flow | 3.38B | 3.43B | 3.64B | 3.22B | 1.98B | 3.07B |
| Investing Cash Flow | -6.21B | -5.32B | -4.95B | -4.09B | -3.43B | -3.86B |
| Financing Cash Flow | 2.84B | 2.06B | 1.34B | 883.00M | 1.46B | 315.00M |
DTE Energy Technical Analysis
Negative
136.14
Price Trends
145.03
Negative
144.54
Negative
140.13
Negative
Market Momentum
-2.28
Positive
37.20
Neutral
23.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DTE, the sentiment is Negative. The current price of 136.14 is below the 20-day moving average (MA) of 138.90, below the 50-day MA of 145.03, and below the 200-day MA of 140.13, indicating a bearish trend. The MACD of -2.28 indicates Positive momentum. The RSI at 37.20 is Neutral, neither overbought nor oversold. The STOCH value of 23.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $28.66B | 21.39 | 10.78% | 3.07% | 17.53% | -8.86% | |
63 Neutral | $40.13B | 13.01 | 9.62% | 0.98% | 5.66% | 28.27% | |
62 Neutral | $27.04B | 24.66 | 8.53% | 3.61% | 12.63% | -17.19% | |
62 Neutral | $27.00B | 18.37 | 8.91% | 4.11% | 7.75% | 66.25% | |
62 Neutral | $26.35B | 27.25 | 8.53% | 3.08% | 6.73% | 26.95% | |
60 Neutral | $29.83B | 18.63 | 11.70% | 2.57% | 3.76% | 25.15% |
* Utilities Sector Average
DTE
DTE Energy
136.24
4.14
3.13%
AEE
Ameren
106.75
9.77
10.08%
FE
FirstEnergy
46.25
4.37
10.44%
ES
Eversource Energy
70.92
9.43
15.34%
PCG
PG&E
17.95
3.12
21.02%
PPL
PPL
34.44
-1.00
-2.81%
DTE Energy Corporate Events
Business Operations and StrategyPrivate Placements and Financing
DTE Energy Issues $1 Billion Junior Subordinated Debentures
Positive
Jun 18, 2026
On June 18, 2026, DTE Energy completed the sale of $1 billion of its 2026 Series C 6.200% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due 2058, issued under its existing shelf registration and long-standing indenture structure. This c...
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.