DTE Energy Co.
DTE - Insider Information
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+ FollowMarket Cap$29.06B
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Earnings Call Q3 2026
November 5, 2026 - AI Summary
Strong growth outlook—driven by data centers + bigger utility capex
- DTE reaffirmed 2026 operating EPS growth of 6%–8% (high-end expected), supported by RNG tax credits and operating momentum.
- Updated long-term plan: annual operating EPS CAGR >9% through 2031.
- Growth is based on ramping utility investments after 2026 (capital ramps nonlinearly; data center load drives investment timing).
Major strategic move: sale of DTE Vantage (~$3B) to sharpen focus on regulated utilities
- DTE announced the strategic sale of DTE Vantage (sale of essentially all assets except EES Coke) for ~$3B to institutional investors (advised by JPMorgan Asset Management).
- Target close: first half of 2027.
- Management framing: makes DTE “simpler, more focused, faster growing” utility with better earnings visibility and lower risk (regulated-only model).
Data center affordability “bill benefit” thesis (key upside) + rate-case “stay-out”
- DTE secured/approved data center load commitments with strong protections: 2.4 GW of load in agreements designed to ensure data centers pay incremental costs (avoid shifting costs to existing customers).
- Oracle 1.4 GW: fully approved; construction advancing.
- Google 1 GW: MPSC approved in October; DTE achieved approval milestone recently.
- These load ramps create an opportunity to delay the next electric rate case filing, with current expectation of rate-case stay-out through at least 2028 (Oracle supports the base; Google could extend further).
- Pipeline: ~5–6 GW additional opportunities, including ~2 GW in advanced discussions; goal remains at least one more agreement by year-end 2026.
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$-62.78
144.9% downside
Current Fair Value
144.9% downsideOvervalued by 144.9% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $29.06 Billion |
|---|---|
| Enterprise Value | $57.81 Billion |
| Annual dividend | $4.66 |
| Dividend yield | 3.45% |
| Earnings per Share | $7.06 |
| Beta | 0.36 |
| Outstanding Shares | 208,000,000 |
Return
| Return on Equity | 10.82% |
|---|---|
| Return on Assets | 2.38% |
| Return on Invested Capital | 4.07% |
Valuation & Multiples
| P/E Ratio | 20.44 |
|---|---|
| PEG | 0.09 |
| Price to Sales | 1.77 |
| Price to Book Ratio | 2.33 |
| Enterprise Value to Revenue | 3.52 |
| Enterprise Value to EBIT | 27.97 |
| Enterprise Value to Net Income | 42 |
| Total Debt to Enterprise | 0.5 |
| Debt to Equity | 2.27 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 5, 2026
EPS
$2.30
Est. $2.15Revenue
$3.40 B
Est. $3.54 BNext Earnings Call
Expected Date
February 16, 2027
EPS Estimate
$2.28
Consensus analyst estimateRevenue Estimate
$4.02 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 89.40% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 9.76%▼ 72.13% |
|---|---|
| Total Invested | $2.47B▼ 90.47% |
| Investors Holding | 500▼ 550.00% |
About DTE Energy Co.
2,018 employees
CEO: Joi Harris
DTE Energy Company, established in Detroit, Michigan, in 1903, operates as a diversified utility provider. Its Electric division is responsible for generating, acquiring, distributing, and selling power to an estimated 2.3 million reside...