DTE Energy Co.

DTE Energy Co.

DTE

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Market Cap$29.72B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
DTE Energy Co.DTE Energy Co.23.43.16%7%1.80.1

Earnings Call Q1 2026

April 30, 2026 - AI Summary

Strong 1Q26 performance; guidance confidence - Operating earnings in 1Q26: $407M ($1.95/share), placing DTE on track to achieve the high end of 2026 operating EPS guidance. - Segment highlights: - DTE Electric: $218M, +$71M vs 1Q25, driven mainly by tax timing / rate implementation / colder weather, partially offset by higher rate base and O&M. - DTE Gas: $210M, +$4M vs 1Q25, driven by colder weather and IRM revenue, partially offset by higher rate base costs. - Energy trading: $59M lower vs 1Q25, mainly timing effects expected to reverse through the rest of the year. - 2026 outlook: Operating EPS growth +6% to +8% vs 2025 midpoint, with confidence in hitting the high end supported by RNG tax credits.
Data center growth is the key upside (Oracle approved; Google progressing) - Oracle (1.4 GW): Approved; construction underway; ramp expected to accelerate after 2026, with Oracle fully ramping over the next few years. - Google (1.0 GW): Contract filed for MPSC IV approval; management expects an order around September (per contract), with ramp to fully ramp by end of 2028. - Incremental investment tied to Google: could drive roughly $5B of incremental generation and storage investment through 2032 (resource mix refined in IRP). - Most important “pro-investor” claim: these projects are structured to provide affordability benefits to existing customers rather than purely ratepayer burden.
Affordability and reliability are being positioned as the central investment thesis - Reliability improvements: from 2023 to 2025: ~90% improvement in outage duration; best all-weather SAIDI in ~20 years; 99.9% of impacted customers restored within 48 hours in 2025. - Storm performance early 2026: ~100% restored in 48 hours (Jan) and >99% restored in 48 hours (March) even with >70 mph sustained wind gusts impacting ~300,000 customers. - Target goals: -30% in outage frequency and cut outage duration in half by 2029; continued smart grid modernization + pole-top maintenance + rebuild of the 4.8 kV system.

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$157.83

Target Price by Analysts

11.3% upsideDTE Energy Target Price DetailsTarget Price
$-62.78

Current Fair Value

144.3% downside

Overvalued by 144.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$29.72 Billion
Enterprise Value$31.50 Billion
Dividend Yield$4.51 (3.16%)
Earnings per Share$7.06
Beta0.41
Outstanding Shares207,000,000

Return

Return on Equity6.90%ROE
Return on Assets680.01%
Return on Invested Capital-65.84%

Valuation & Multiples

P/E Ratio23.38P/E Ratio
PEG-52.54PEG
Price to Sales1.82Price to Sales
Price to Book Ratio-0.69Price to Book Ratio
Enterprise Value to Revenue1.93
Enterprise Value to EBIT14.58
Enterprise Value to Net Income37
Total Debt to Enterprise0.06
Debt to Equity0.14Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$2.00
Average shareholder expectation
Revenue Estimate
$4.53 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$1.52
Average shareholder expectation
Revenue Estimate
$3.61 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.1090▲ 0.42%
Total Calls306,400▼ 6.64%
Total Puts33,400▼ 2.91%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %80.44%▲ 2.21%
Total Invested$24.34B▲ 16.36%
Investors Holding983▲ 14.00%

ESG Score

No data

About DTE Energy Co.

2,018 employees

Relevant Senate Committees

Joint Committee on Taxation

Provides official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden on utilities.

Finance

Controls taxation and influences tax policy (e.g., corporate tax rates, energy credits), which directly impacts the profitability, investment decisions, and capital structure of utility companies.

Appropriations

Directly allocates federal spending across various sectors, including infrastructure and energy projects, which can provide significant funding or contracts for utilities like DTE.

Energy and Natural Resources

Direct oversight of national energy policy, public lands, and the Department of Energy, all of which critically impact hydroelectric power generation and the broader utility sector.

Environment and Public Works

Directly regulates the EPA, which has significant oversight over water quality, environmental permits, and impact assessments crucial for hydroelectric power generation and operations. Also influences infrastructure spending.