DTE Energy (DTE) stock
Utilities · Multi-Utilities
DTE Energy (DTE) is a Multi-Utilities company in the Utilities sector, headquartered in Detroit, Michigan. As of October 23, 2026, DTE closed at $131.89, a market capitalization of $27.44 billion, the 337th largest company in the S&P 500. Over the last twelve months it generated $16.47 billion in revenue (-2% year over year) and -$1.49 billion in free cash flow. The stock trades at 20.9x trailing earnings and 15.9x forward earnings.
- 1-year total return: -3.6% (dividends reinvested)
- 5-year return: +6.1% a year
- 52-week range: $119.68 – $155.75
- Gross margin 29.3%, operating margin 13.6%
- Dividend yield: 3.53%, 16 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 19th largest of 31 Utilities stocks in the S&P 500
DTE price chart
1Y price change: -6.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| DTE | +7.3% | +4.8% | -3.6% | +15.1% | +6.1% | +8.8% | +9.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
DTE key statistics
- Market cap
- $27.4B
- #337 in S&P 500
- P/E (TTM)
- 20.9x
- Forward P/E
- 15.9x
- EPS (TTM)
- $6.31
- Revenue (TTM)
- $16.5B
- -2%
- Free cash flow
- -$1.5B
- Gross margin
- 29.3%
- Operating margin
- 13.6%
- Return on equity
- 11.0%
- Dividend yield
- 3.53%
- 52-week range
- $119.68 – $155.75
- Beta
- 0.38
- Price / sales
- 1.7x
- EV / EBITDA
- 15.3x
- Debt / equity
- 2.29x
- Employees
- 9,592
DTE report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-1.5%F
- Gross margin29.3%C
- Operating margin13.6%C
- FCF margin-9.0%F
- Return on equity11.0%C
- Net debt / EBITDA7.7xF
- Forward P/E15.9xB
- PEG ratio1.7xC
- Shareholder yield3.7%B
- Share count change / yr0.9%D
DTE Energy financials
Revenue went from $8.5B in fiscal 2010 to $12.6B in fiscal 2017, growing 5.7% a year.
| Fiscal year | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.5B | $8.9B | $8.8B | $9.7B | $12.3B | $10.3B | $10.6B | $12.6B |
| Operating income | $1.5B | $1.4B | $1.3B | $1.2B | $1.6B | $1.2B | $1.5B | $1.7B |
| Net income | $630.0M | $711.0M | $610.0M | $661.0M | $905.0M | $727.0M | $868.0M | $1.1B |
| EPS (diluted) | $3.18 | $3.56 | $3.02 | $3.20 | $4.34 | $3.45 | $4.11 | $5.38 |
| Buybacks | $0 | $18.0M | $0 | $0 | $52.0M | $0 | $33.0M | $51.0M |
| Dividends paid | $360.0M | $389.0M | $407.0M | $445.0M | $470.0M | $501.0M | $531.0M | $592.0M |
| Diluted shares | 198.6M | 198.6M | 200.9M | 205.6M | 208.0M | 210.3M | 210.3M | 210.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into DTE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $55.2B and -$1.5B of trailing free cash flow, DTE Energy needs to grow free cash flow at a rate outside our model for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 24.5x vs. median 20.5x (10th–90th percentile 14.5x–24.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
DTE dividend
- Dividend yield
- 3.53%
- Annual dividend
- $4.66
- Years of increases
- 16
- 5-yr dividend growth
- 4.8%
- per year
- Payout ratio
- 73%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
DTE analyst price targets
15 analysts' average 12-month target is $148.03 (+12% vs. $131.89). Targets range from $135.00 to $168.00. 56% rate it a buy.
DTE earnings
Next report: November 5, 2026. DTE Energy has beaten EPS estimates 1 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $1.14 | $1.32 | +16.3% |
| Apr 30, 2026 | $2.03 | $1.95 | -4.1% |
| Feb 17, 2026 | $1.52 | $1.65 | +8.3% |
| Oct 30, 2025 | $2.11 | $2.25 | +6.5% |
| Jul 29, 2025 | $1.40 | $1.36 | -2.8% |
| May 1, 2025 | $2.00 | $2.10 | +5.2% |
| Feb 13, 2025 | $1.44 | $1.51 | +4.9% |
| Oct 24, 2024 | $1.87 | $2.22 | +18.5% |
Stocks like DTE
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NEE NextEra Energy | +0.24% | +1% | $172.2B | 14.8x | Compare |
 D Dominion Energy | -0.31% | +12% | $57.3B | 22.6x | Compare |
 SRE DBA Sempra | -0.84% | -6% | $55.0B | 24.3x | Compare |
 XEL Xcel Energy | -1.08% | +0% | $48.8B | 21.4x | Compare |
 ED Consolidated Edison | -0.45% | +19% | $42.8B | 19.1x | Compare |
 PCG Pacific Gas & Electric | -2.70% | -22% | $37.9B | 9.4x | Compare |
 AEE Ameren | -0.83% | +7% | $29.9B | 19.0x | Compare |
 CNP CenterPoint Energy, Inc (Holdin | -0.32% | +6% | $27.1B | 24.3x | Compare |
DTE news
- DTE Energy's Sustainability Report highlights progress for customers, communities and Michigan's clean energy future · Oct 22, 2026
- DTE Energy Is Becoming More Interesting as America’s Power Needs Soar · Oct 15, 2026
- DTE Energy schedules third quarter 2026 earnings release, conference call · Oct 15, 2026
- What to Expect From DTE Energy's Q3 2026 Earnings Report · Oct 13, 2026
- Will Cold Creek Solar Park and Ford Partnership Shift DTE Energy’s (DTE) Clean-Energy Investment Narrative? · Oct 5, 2026
DTE stock FAQ
What is DTE's market cap?
DTE Energy's market capitalization is $27.44 billion as of October 23, 2026, ranking 337th in the S&P 500.
What is DTE's P/E ratio?
DTE trades at a trailing price-to-earnings ratio of 20.9x and a forward P/E of 15.9x. Its median P/E over the period we track is 20.5x.
Does DTE pay a dividend?
Yes. DTE Energy pays $4.66 per share a year, a 3.53% yield. It has raised its dividend 16 years in a row. Dividends grew 4.8% a year over the last five years.
How much has DTE stock returned?
Including reinvested dividends, DTE returned -3.6% over one year, +6.1% a year over five years, +8.8% a year over ten years through October 23, 2026.
What is the DTE price target?
15 analysts cover DTE with an average 12-month price target of $148.03, +12% from the current price. 56% of them rate it a buy.
When does DTE report earnings?
DTE Energy is expected to report earnings on November 5, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does DTE Energy have?
DTE Energy has about 9,592 full-time employees, or $1.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology