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DTE Energy Co Stock Research

DTE

109.22USD+0.25(+0.23%)Market Closed

Market Summary

USD109.22+0.25
Market Closed
0.23%

DTE Stock Price

DTE RSI Chart

DTE Valuation

Market Cap

22.5B

Price/Earnings (Trailing)

20.74

Price/Sales (Trailing)

1.17

EV/EBITDA

12.07

Price/Free Cashflow

11.36

DTE Price/Sales (Trailing)

DTE Profitability

EBT Margin

5.78%

Return on Equity

10.42%

Return on Assets

2.54%

Free Cashflow Yield

8.8%

DTE Fundamentals

DTE Revenue

Revenue (TTM)

19.2B

Revenue Y/Y

-3.68%

Revenue Q/Q

-14.76%

DTE Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-13.4%

Earnings Q/Q

-31.52%

Price Action

52 Week Range

100.64139.19
(Low)(High)

Last 7 days

1.5%

Last 30 days

-4.4%

Last 90 days

-7.8%

Trailing 12 Months

-13.5%

DTE Financial Health

Current Ratio

0.81

Debt/Equity

1.62

Debt/Cashflow

0.12

DTE Investor Care

Dividend Yield

3.31%

Dividend/Share (TTM)

3.61

Shares Dilution (1Y)

6.13%

Diluted EPS (TTM)

5.52

Peers (Alternatives to DTE Energy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.7B
17.2B
-4.66% -30.44%
46.94
2.72
22.99% -69.77%
29.9B
9.6B
1.75% 3.15%
21.23
3.12
15.41% 8.56%
29.4B
9.8B
-4.39% -12.51%
28.53
3
0.80% 259.10%
22.5B
19.2B
-4.45% -13.47%
20.74
1.17
28.50% 19.40%
18.5B
9.3B
-0.64% 2.47%
17.47
1.98
11.60% -28.87%
11.5B
5.9B
2.62% -4.32%
14.33
1.97
19.41% 37.48%
MID-CAP
7.3B
31.5B
-13.33% -18.67%
5.94
0.23
16.87% -44.17%
4.0B
2.6B
-3.52% -13.06%
15.51
1.57
30.92% 9.14%
3.4B
1.5B
-0.30% -3.55%
18.67
2.31
7.69% -2.05%
3.1B
1.7B
3.83% -6.08%
20.14
1.79
20.61% 5.32%
2.3B
620.7M
-1.69% 15.73%
31.49
3.75
8.19% 22.07%
SMALL-CAP
1.4B
162.4M
-11.55% -24.16%
31.93
8.34
13.48% 16.11%
886.7M
563.2M
5.51% 11.70%
21.42
1.57
18.99% 14.68%
295.4M
44.7M
-12.99% -20.47%
53.66
6.61
6.71% 52.56%
205.2M
1.1M
-4.40% 123.24%
-8.62
192.14
90.04% 28.68%

Financials for DTE Energy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.9%19,22819,39917,86315,96014,964
Costs and Expenses-1.2%17,48017,69816,30214,34013,469
EBITDA4.0%3,2553,1292,6322,775-
EBITDA Margin5.0%0.17*0.16*0.15*0.17*-
Earnings Before Taxes0%1,1121,112655755656
EBT Margin0.9%0.06*0.06*0.04*0.05*-
Interest Expenses5.6%675639624629630
Net Income-3.6%1,0831,124762904907
Net Income Margin-2.8%0.06*0.06*0.04*0.06*-
Free Cahsflow-6.2%1,9772,1072,2872,818-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.7%42,68341,95441,31440,36039,719
  Current Assets-3.0%4,1804,3104,0933,6103,317
    Cash Equivalents26.9%33.0026.0067.0015028.00
  Net PPE2.4%28,76728,09927,73527,26626,944
  Goodwill0%1,9931,9931,9931,9931,993
  Current Liabilities-5.4%5,1735,4666,8955,6806,346
.    Short Term Borrowings16.9%1,162994815244758
  Long Term Debt-3.3%16,87317,44215,60815,62914,531
Shareholder's Equity15.8%10,3978,9808,5798,8678,705
  Retained Earnings1.8%3,8083,7413,3553,6623,438
Accumulated Depreciation1.2%10,57910,45110,17910,34010,139
Shares Outstanding6.1%206194194194194
Minority Interest-33.3%4.006.005.004.008.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.2%1,9772,1072,2872,8183,067
Cashflow From Investing3.0%-3,431-3,536-3,503-3,940-3,863
Cashflow From Financing2.7%1,4621,424-2,152-292315
  Dividend Payments1.6%685674713752791
  Buy Backs0%55.0055.0067.0067.0066.00

Risks for DTE

What is the probability of a big loss on DTE?

28.9%


Probability that DTE Energy stock will be more than 20% underwater in next one year

18.5%


Probability that DTE Energy stock will be more than 30% underwater in next one year.

0%


Probability that DTE Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DTE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if DTE Energy was unfortunately bought at previous high price.

Drawdowns

Returns for DTE

Cumulative Returns on DTE

10.3%


10-Year Cumulative Returns

8.6%


7-Year Cumulative Returns

7.7%


5-Year Cumulative Returns

12.9%


3-Year Cumulative Returns

What are the long-term rolling returns for DTE?

FIve years rolling returns for DTE Energy.

Annualized Returns

Which funds bought or sold DTE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
sold off
-100
-69,896,000
-
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
18.4
16,081,300
92,843,300
0.10%
2023-03-08
Capital Asset Advisory Services LLC
added
14.61
76,245
526,245
0.04%
2023-03-07
Great Lakes Retirement, Inc.
new
-
992,259
992,259
0.25%
2023-03-06
Rockefeller Capital Management L.P.
sold off
-100
-15,000
-
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-29.12
-1,434,000
3,763,000
0.02%
2023-03-03
TIAA, FSB
reduced
-47.38
-416,364
483,636
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-26.14
-269,755
830,245
0.47%
2023-03-01
Regal Investment Advisors LLC
reduced
-15.96
-44,590
270,410
0.03%
2023-02-28
Voya Investment Management LLC
added
7.38
1,808,680
20,460,700
0.03%

1–10 of 48

Latest Funds Activity

Are funds buying DTE calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own DTE
No. of Funds

DTE Energy News

MarketWatch

DTE Energy Co. stock outperforms competitors on strong trading day.

MarketWatch,
13 minutes ago

Seeking Alpha

Bridge Michigan

Simply Wall St

Marketscreener.com

WDIV ClickOnDetroit

Schedule 13G FIlings of DTE Energy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital research global investors
8.2%
15,926,381
SC 13G/A
Feb 09, 2023
vanguard group inc
11.88%
23,020,513
SC 13G/A
Feb 06, 2023
state street corp
5.18%
10,036,125
SC 13G/A
Jan 06, 2023
blackrock inc.
10.2%
19,759,406
SC 13G/A
Mar 11, 2022
blackrock inc.
9.3%
18,153,210
SC 13G/A
Feb 11, 2022
capital research global investors
8.1%
15,598,877
SC 13G/A
Feb 11, 2022
capital world investors
2.2%
4,246,655
SC 13G/A
Feb 09, 2022
vanguard group inc
11.15%
21,608,113
SC 13G/A
Feb 08, 2022
blackrock inc.
9.3%
18,153,210
SC 13G
Oct 08, 2021
capital world investors
5.5%
10,653,474
SC 13G/A

DTE Fair Value

DTE Energy fair value in different scenarios

The table shows the Fair Value estimates for DTE Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

81.69

-25.21%

113.56

3.97%

227.71

108.49%

307.38

181.43%

370.55

239.27%
Current Inflation

76.33

-30.11%

102.66

-6.01%

199.35

82.52%

265.27

142.88%

317.24

190.46%
Very High Inflation

69.52

-36.35%

89.48

-18.07%

166.33

52.29%

217.07

98.75%

256.78

135.10%

Historical DTE Energy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of DTE Energy

View All Filings
Date Filed Form Type Document
Mar 13, 2023
PRE 14A
PRE 14A
Mar 03, 2023
8-K
Current Report
Feb 24, 2023
8-K
Current Report
Feb 23, 2023
10-K
Annual Report
Feb 23, 2023
8-K
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 06, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
4
Insider Trading
Feb 03, 2023
4
Insider Trading

Latest Insider Trading transactions for DTE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-01
Chavez JoAnn
back to issuer
-171
116
-1.48
sr vp & chief legal officer
2023-02-01
Harris Joi M.
back to issuer
-87.1425
116
-0.75
pres. & coo - dte gas company
2023-02-01
Myrick Tracy J
acquired
-
-
1,136
chief accounting officer
2023-02-01
Norcia Gerardo
back to issuer
-48.7998
116
-0.42
chairman, president & ceo
2023-02-01
Norcia Gerardo
sold (taxes)
-3,806,040
116
-32,763
chairman, president & ceo
2023-02-01
Stiers Mark W
sold (taxes)
-563,754
116
-4,852
pres dte vantage, pres trading
2023-02-01
Lauer Trevor F
acquired
-
-
21,078
president and coo-dte electric
2023-02-01
Ruud David
back to issuer
-102
116
-0.88
sr. vice president & cfo
2023-02-01
Stiers Mark W
acquired
-
-
15,664
pres dte vantage, pres trading
2023-02-01
Lauer Trevor F
sold (taxes)
-827,157
116
-7,119
president and coo-dte electric

1–10 of 50

Gerardo Norcia
10300
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment owns and operates approximately 698 distribution substations and 449,800 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 20,000 miles of distribution mains; 1,304,000 service pipelines; and 1,305,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. The company's Power and Industrial Projects segment offers metallurgical coke; pulverized coal and petroleum coke to the steel, pulp and paper, and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is headquartered in Detroit, Michigan.

DTE Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues   
Utility operations$ 8,243$ 7,288$ 6,845
Non-utility operations10,9857,6764,578
Operating Revenues19,22814,96411,423
Operating Expenses   
Fuel, purchased power, and gas — utility2,5051,9041,719
Fuel, purchased power, gas, and other — non-utility10,6557,3044,120
Operation and maintenance2,4002,4202,305
Depreciation and amortization1,4681,3771,292
Taxes other than income457431395
Asset (gains) losses and impairments, net(5)3337
Operating Expenses17,48013,4699,868
Operating Income1,7481,4951,555
Other (Income) and Deductions   
Interest expense675630601
Interest income(46)(22)(29)
Non-operating retirement benefits, net(1)1750
Loss on extinguishment of debt03936
Other income(58)(254)(259)
Other expenses6675104
Other (Income) and Deductions636839473
Income Before Income Taxes1,1126561,082
Income Tax Expense (Benefit) (Note 10)29(130)37
Net Income from Continuing Operations1,0837861,045
Net Income from Discontinued Operations, Net of Taxes (Note 4)0117326
Net Income1,0839031,371
Less: Net Income (Loss) Attributable to Noncontrolling Interests   
Continuing operations0(10)(9)
Discontinued operations0612
Net Income Attributable to DTE Energy Company/DTE Electric Company$ 1,083$ 907$ 1,368
Basic Earnings per Common Share   
Continuing operations (in dollars per share)$ 5.53$ 4.11$ 5.46
Discontinued operations (in dollars per share)00.571.63
Basic Earnings per Common Share (in dollars per share)5.534.687.09
Diluted Earnings per Common Share   
Continuing operations (in dollars per share)5.524.105.45
Discontinued operations (in dollars per share)00.571.63
Diluted Earnings per Common Share (in dollars per share)$ 5.52$ 4.67$ 7.08
Weighted Average Common Shares Outstanding   
Basic (in shares)195193193
Diluted (in shares)196194193

DTE Balance Sheet

2022-12-31
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 33$ 28
Restricted cash107
Accounts receivable (less allowance for doubtful accounts)  
Customer2,0381,695
Other144135
Inventories  
Fuel and gas433368
Materials, supplies, and other509490
Derivative assets328181
Regulatory assets450195
Other235218
Total Current Assets4,1803,317
Investments  
Nuclear decommissioning trust funds1,8252,071
Investments in equity method investees165187
Other165194
Total Investments2,1552,452
Property  
Property, plant, and equipment39,34637,083
Accumulated depreciation and amortization(10,579)(10,139)
Property, plant and equipment, net28,76726,944
Other Assets  
Goodwill1,9931,993
Regulatory assets3,8863,482
Securitized regulatory assets2060
Intangible assets166177
Notes receivable331310
Derivative assets10590
Prepaid postretirement costs571678
Operating lease right-of-use assets8997
Other234179
Total Other Assets7,5817,006
Total Assets42,68339,719
Current Liabilities  
Accounts payable1,6041,414
Accrued interest154140
Dividends payable196171
Short-term borrowings1,162758
Current portion long-term debt, including securitization bonds and finance leases1,1242,874
Derivative liabilities342238
Regulatory liabilities34156
Operating lease liabilities1314
Other544581
Total Current Liabilities5,1736,346
Long-Term Debt (net of current portion)  
Mortgage bonds, notes, and other15,80713,629
Securitization bonds1720
Junior subordinated debentures883883
Finance lease obligations1119
Total Long-Term Debt (net of current portion)16,87314,531
Other Liabilities  
Deferred income taxes2,3942,163
Regulatory liabilities2,6733,106
Asset retirement obligations3,4603,162
Unamortized investment tax credit182158
Derivative liabilities315192
Accrued pension liability378339
Accrued postretirement liability287358
Nuclear decommissioning282321
Operating lease liabilities6874
Other197256
Total Other Liabilities10,23610,129
Commitments and Contingencies (Notes 9 and 18)
Equity  
Common stock6,6515,379
Retained earnings3,8083,438
Accumulated other comprehensive loss(62)(112)
Total DTE Energy Company/DTE Electric Company Equity10,3978,705
Noncontrolling interests48
Total Equity10,4018,713
Total Liabilities and Equity$ 42,683$ 39,719