DTE Energy Co (DTE)
Fair ValueFundamental
56
Price
$121.80
Market Cap
$25.14B
Part 1 · What the company is worth
Overview
DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, natural gas plant, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates 702 distribution substations with a capacity of approximately 37,870,000 kilovolt-amperes (kVA) and approximately 4,56,900 line transformers with a capacity of approximately 33,770,000 kVA. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.4 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,242,000 service pipelines; and 1,361,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as compressed air supply to industrial customers. This segment also owns and operates 2 renewable generating plants with a capacity of 70 MWs; and 22 gas recovery sites. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Consumers Energy is the other large combined electric-and-gas utility in Michigan, serving the rest of the Lower Peninsula alongside DTE and competing for the same Michigan households and businesses at the edges of both territories, in the state's gas and electric choice programs, and before the same regulator for rate increases and new generation projects.
Through Michigan Gas Utilities and Upper Michigan Energy Resources it distributes gas and power to Michigan customers in the southern and western parts of the state, so it sells the same regulated service to the same kind of Michigan customer that DTE Gas serves.
Its SEMCO Energy subsidiary delivers natural gas to roughly 300,000 Michigan homes and businesses and is one of the four utilities inside Michigan's gas choice program, competing with DTE Gas for the same residential, commercial and industrial gas customers.
Balance Sheet & Liquidity
Revenue
$12.00B
Fiscal year ended 12/31/2025
Net Income
$1.46B
Fiscal year ended 12/31/2025
Free Cash Flow
-
Total Equity
$12.30B
Total Liabilities
$41.76B
Current Ratio
0.95
Interest Coverage
1.97
Debt/EBITDA
6.40
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
No income data available
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$116.12
Current Price
$121.80
Margin of Safety
-4.9%
Fair Value Range
$90.63 - $141.61
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
20.03
ROE
11.9%
P/B Ratio
2.06
P/FCF
-
Gross Margin
-
ROIC
3.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
3.4%
WACC
5.5%
ROIC − WACC
-2.1 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (13)
- EPS shows upward trend
- P/B Ratio 2.06
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Low reliance on intangibles
- ROE 10.8%
- Revenue Growth 5Y 8.8%
- Analyst Consensus 58% Buy
- Earnings Surprise avg 5.2%
- Earnings Quality (OCF/NI) 2.61
- Share Dilution 0.3%
- Piotroski F-Score 5/9
Failed (7)
- EPS CAGR 1.18%
- Price CAGR 4.69%
- ROIC 3.4%
- Debt/EBITDA
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Unknown)
Unavailable (8)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- PEG Ratio (need PE > 0 and growth > 0)
- Net Margin Trend (invalid data)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Gerardo Norcia | Executive Chairman | 62 |
| Ms. Joi M. Harris | President, CEO & Director | 55 |
| Mr. Trevor F. Lauer | Vice Chairman & Group President | 61 |
| Mr. David S. Ruud | Vice Chairman & CFO | 59 |
| Mr. Matthew T. Paul | President & Chief Operating Officer DTE Electric | 56 |
| Ms. Tracy J. Myrick | Chief Accounting Officer | 49 |
| Mr. Bill Chiu | Vice President of Distribution Engineering & Technology | - |
| Mr. Steven B. Ambrose | Chief Information Officer & VP | - |
| Ms. Angie Pizzuti | Senior VP & Chief Administrative Officer | - |
| Mr. John Dermody | Manager of Investor Relations | - |
Audit Risk
7
Board Risk
6
Compensation Risk
6
Shareholder Rights Risk
3
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-17
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-28
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-28
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for DTE, sourced from Markets Gazette.
- 5/28/2026POSITIVEMichigan Set for Massive Battery Storage Buildout Under $1.6 Billion DTE Energy-LG Energy Solution Partnership
DTE Energy and LG Energy Solution are embarking on a significant $1.6 billion investment to expand battery storage capacity in Michigan. This strategic partnership aims to enhance grid reliability and integrate renewable energy sources more effectively. The project is expected to create numerous jobs and position Michigan as a leader in energy storage technology. For investors, this initiative signals DTE Energy's commitment to modernizing its infrastructure and capitalizing on the growing demand for grid-scale energy storage solutions, potentially leading to long-term revenue growth and improved operational efficiency.
via Markets Gazette