Reading the tape
NYSE: DTE
DTE Energy Company
Utilities · Regulated Electric
Market Cap
$30.52B
52w High
$154.63
52w Low
$126.23
P/E
24.01
Volume
1.69M
Outstanding Shares
208.03M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 7.35%Revenue (TTM): 19.55%FCF (TTM): -120.36%P/E: 90th pct
What changed
The stock rose 7.35% over the last year. Revenue grew 19.55% over the trailing twelve months. Operating margin moved from 16.09% to 12.48%. Free cash flow declined 120.36% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 12.48%. A decisive move in revenue — currently up 19.55% — would be the clearest signal to resolve the ambiguity.
Company profile
DTE Energy Company engages in the utility operations.
CEOJoi Harris
SectorUtilities
IndustryRegulated Electric
Employees9,650
IPO dateJan 2, 1970
Valuation
Forward P/E—
EV/EBITDA13.38
Enterprise value$52.97B
Stock splits
Jul 1, 2021↑ Forward
Every 40 shares became 47
Jan 15, 1963↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth15.79%
Gross margin39.42%▲143.91%vs FY2024
Operating margin12.48%▼10.57%vs FY2024
ROE11.88%▼0.77%vs FY2024
Analyst consensus
RatingHold
Target price$159.63▲8.79%
20
Buy
25
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $1.53 · Revenue est $3.57B
View
Dividends
$4.51/shareQuarterlyDividend Aristocrat · 25yrAt RiskDTE pays a dividend with a 3.07% dividend yield, 25 consecutive years of growth, growing at 4.79% annually, covered -1.2× by free cash flow.
Dividend Yield
3.07%
Annual Div / Share
$4.51
5yr CAGR
+4.79%
Doubles every ~14.8yr
Payout Ratio
70.12%
At Risk
Dividend Growth Rate
3yr CAGR
+7.13%
5yr CAGR
+4.79%
10yr CAGR
+6.26%
Dividend Safety
2/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$4.43+6.9%
2024$4.15+7.0%
2023$3.88+7.5%
2022$3.61+1.4%
2021$3.56+1.3%
2020$3.51+7.2%
2019$3.27+7.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$31/yr
$3/mo
In 5 yrs
$39/yr+26%
$3/mo
In 10 yrs
$49/yr+60%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$31/yr $3/mo | $39/yr+26% $3/mo | $49/yr+60% $4/mo |
Yield-on-cost grows from 3.07% → 4.91% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
DTE has raised its dividend for 25 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -1.15× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.