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DTE Energy

DTE on NYSE. Electric services. Market value $26.0bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Utilities stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
past 12 months to June 2026
24.7×full

You pay 24.7 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
4.7%five-year median

Each dollar kept in the business earns 5 cents a year. Above 10 is good.

Quality score: 65 of 100. Price score: 53 of 100. Our list needs 70 on quality and 60 on price.

$128.22 a share, 7% above its 1-year low

Over the past year the price has ranged from $119.68 to $155.75.

Dividend: 3.3% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
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20212022202320242025
Revenue
$15.0bn$19.2bn$12.7bn$12.5bn$15.8bn
Operating margin
10.0%9.1%17.6%16.8%15.0%
Debt to equity
2.101.861.901.982.13
Shares outstanding
0.19bn0.21bn0.21bn0.21bn0.21bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt2.13× equity
  • Revenue growth, five yearsSlow, 6.7% a year
  • Buying back its own sharesNo, 7% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $3.4 billion last quarter, about the same as a year ago.
  • Profit: $282 million, up 23% on a year ago.
  • It keeps 13 cents of each $1 of sales as operating profit, down from 15 cents a year earlier.
  • About the same number of shares as a year ago.
  • Debt is $27.5 billion more than cash, up from $23.7 billion a year ago.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$2.9bn
December 2024$3.4bn
March 2025$4.4bn
June 2025$3.4bn
September 2025$3.5bn
December 2025$4.4bn
March 2026$5.1bn
June 2026$3.4bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$477m
December 2024$292m
March 2025$445m
June 2025$229m
September 2025$419m
December 2025$369m
March 2026$247m
June 2026$282m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
29 October 2026
Last annual report (10-K)
17 February 2026
Next quarterly (estimated, 10-Q)
27 October 2026

Who owns it

3 long-term investors we follow own it, unchanged from 3 last quarter. 1,033 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 2 sold $822,280.

  • Lauer Trevor F
    Vice Chairman & Group Pres.
    Sold
    Date
    1 September 2026
    Shares
    5,000
    Price
    $135.71
    Value
    $678,560
  • Muschong Lisa A.
    VP, Corp Sec & Chief of Staff
    Sold
    Date
    14 May 2026
    Shares
    1,000
    Price
    $143.72
    Value
    $143,720

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

We couldn’t fully check DTE Energy’s latest annual report.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We couldn't fully read the 10-K filed 17 Feb 2026, so we can't say there are no warning signs.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It carries a lot of debt: 2.1× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.