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DTE Energy Company — Intrinsic Value & Fair Price

DTE
NYSEUtilitiesRegulated ElectricCIK 0000936340dteenergy.comAbout DTE
Last close · Oct 16, 2026129.73+1.40 (+1.09%)
Market cap$27.0B
Model value · P/E · own history
146.42
DTE Energy closed at $129.73 — undervalued by 11% vs model.
134.24the model's range154.70

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
5.50 – 153.58
Wall St. target
139.00 7% below
Below model, 1y
7 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
3.59%
Past 2 years
low 2.95%high 3.86%
Dividends per share, a year at a time
$3.60Sep ’21$3.54Sep ’22$3.81Sep ’23$4.08Sep ’24$4.36Sep ’25$4.66TTM
Coverage
—
Raised
16 years in a row
Growth, 5 yrs
5.3% a year
Last change
+6.9% · Dec 2025
Every payment, with ex-dates · latest $1.165, paid Oct 15, 2026

Research on DTE

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How it is valued

Valued asRegulated utility
Moderate growth (~10% recent)Moderate margins (9% net margin)Pays dividendsHighly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
18.5×
EV / EBITDA
13.4×
FCF yield
-3.7%
Dividend yield, TTM
3.59%
Beta
0.38
Cost of capital (WACC)
6.17%
Full financials

Analyst actions

third-party, quoted
10-16Barclays · target135.00
10-16BMO Capital · target139.00
10-16Truist Financial · target139.00
12-11Jefferies · “Buy” from “Hold”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
2 more companies list DTE as a comparable

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just DTE. No account.

About DTE Energy

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 customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan. This segment also provides natural gas storage and transportation capacity. Its extensive network features approximately 20,000 miles of distribution mains, 1,304,000 service pipelines, 1,305,000 active meters, and about 2,000 miles of transmission pipelines. Through its Power and Industrial Projects segment, DTE Energy supplies metallurgical coke, along with pulverized coal and petroleum coke, to the steel, pulp and paper, and other industrial sectors. This segment also delivers essential services such as power, steam, and chilled water production, wastewater treatment, and compressed air to various industrial clients. Finally, the Energy Trading segment focuses on the marketing and trading of power, natural gas, and environmental commodities. It also undertakes structured transactions and works to optimize its contracted natural gas pipeline transportation and storage assets.

CEO
Joi Harris
Headquarters
Detroit, MI
Employees
9,592
IPO
1970-01-02
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.