---
title: DTE Energy (DTE) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/dte
ticker: DTE
as_of: 2026-10-17
sector: Utilities
industry: Regulated Electric
---
# DTE Energy (DTE)

DTE Energy (DTE) closed at $129.73 on Oct 16, 2026, undervalued by 11% vs its model value of $146.42 (from its own five-year median P/E applied to its earnings).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $129.73 (Oct 16, 2026) |
| Model value (from its own five-year median P/E applied to its earnings) | $146.42 |
| Price vs model | undervalued by 11% vs model |
| Range of that model | $134.24 – $154.70 |
| Market value | $27.0B |
| P/E (fiscal 2025) | 18.5 |
| Net margin (fiscal 2025) | 9.2% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 3.59% |
| Beta | 0.38 |
| Cost of capital (WACC) | 6.17% |
| Business classification | Dividend Payer (Moderate growth (~10% recent), Moderate margins (9% net margin), Pays dividends, Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.59% |
| Dividends per share, last 12 months | $4.66 |
| Coverage | — |
| Raised | 16 years in a row |
| Growth over 5 years | 5.3% a year |
| Latest payment | $1.165, ex-date Sep 21, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 17, 2021 | $3.60 |
| To Sep 16, 2022 | $3.54 |
| To Sep 15, 2023 | $3.81 |
| To Sep 16, 2024 | $4.08 |
| To Sep 15, 2025 | $4.36 |
| Trailing twelve months (to Sep 21, 2026) | $4.66 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | cross check | $11.76 | $0.00 | $179.32 |
| DCF · Perpetuity growth · 10y | cross check | $27.97 | $0.00 | $218.62 |
| DCF · EBITDA exit · 5y | cross check | $5.50 | $5.50 | $54.72 |
| DCF · EBITDA exit · 10y | cross check | $19.61 | $3.83 | $83.85 |
| P/E · peers | cross check | $153.58 | $147.42 | $180.29 |
| P/E · own history | primary | $146.42 | $134.24 | $154.70 |
| PEG | sanity check | $87.35 | $87.35 | $87.35 |
| EV/EBITDA · peers | cross check | $144.49 | $128.78 | $155.53 |
| EV/Revenue · peers | cross check | $0.00 | $0.00 | $0.00 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $107.25 | $70.02 | $196.55 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($678,560); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | BRANDON DAVID | Director | Grant / award | 294.07 | $36,250 |
| Oct 1, 2026 | TORGOW GARY | Director | Grant / award | 294.07 | $36,250 |
| Sep 1, 2026 | Lauer Trevor F | Vice Chairman & Group Pres. | Open-market sell | 5,000 | $678,560 |
| Jul 1, 2026 | BRANDON DAVID | Director | Grant / award | 240.75 | $36,249.7 |
| Jul 1, 2026 | TORGOW GARY | Director | Grant / award | 240.75 | $36,249.7 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 28, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/936340/000093634026000159/dte-20260928.htm |
| Sep 8, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/936340/000093634026000156/dte-20260908.htm |
| Sep 4, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/936340/000093634026000154/dte-20260901.htm |
| Jul 31, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/936340/000093634026000148/dte-20260731.htm |
| Jul 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/936340/000093634026000146/dte-20260630.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Sarah Ketterer | 2026-06-30 | 320,526 | $48.8M |

1 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/dte (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.