DTE Energy Co Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
D	46.7B	17.2B	-4.66%	-30.44%	46.94	2.72	22.99%	-69.77%
WEC	29.9B	9.6B	1.75%	3.15%	21.23	3.12	15.41%	8.56%
PEG	29.4B	9.8B	-4.39%	-12.51%	28.53	3	0.80%	259.10%
DTE	22.5B	19.2B	-4.45%	-13.47%	20.74	1.17	28.50%	19.40%
CNP	18.5B	9.3B	-0.64%	2.47%	17.47	1.98	11.60%	-28.87%
NI	11.5B	5.9B	2.62%	-4.32%	14.33	1.97	19.41%	37.48%
MID-CAP
NRG	7.3B	31.5B	-13.33%	-18.67%	5.94	0.23	16.87%	-44.17%
BKH	4.0B	2.6B	-3.52%	-13.06%	15.51	1.57	30.92%	9.14%
NWE	3.4B	1.5B	-0.30%	-3.55%	18.67	2.31	7.69%	-2.05%
AVA	3.1B	1.7B	3.83%	-6.08%	20.14	1.79	20.61%	5.32%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GWRS	295.4M	44.7M	-12.99%	-20.47%	53.66	6.61	6.71%	52.56%
CDZI	205.2M	1.1M	-4.40%	123.24%	-8.62	192.14	90.04%	28.68%

Financials for DTE Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.9%	19,228	19,399	17,863	15,960	14,964
Costs and Expenses	-1.2%	17,480	17,698	16,302	14,340	13,469
EBITDA	4.0%	3,255	3,129	2,632	2,775	-
EBITDA Margin	5.0%	0.17*	0.16*	0.15*	0.17*	-
Earnings Before Taxes	0%	1,112	1,112	655	755	656
EBT Margin	0.9%	0.06*	0.06*	0.04*	0.05*	-
Interest Expenses	5.6%	675	639	624	629	630
Net Income	-3.6%	1,083	1,124	762	904	907
Net Income Margin	-2.8%	0.06*	0.06*	0.04*	0.06*	-
Free Cahsflow	-6.2%	1,977	2,107	2,287	2,818	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.7%	42,683	41,954	41,314	40,360	39,719
Current Assets	-3.0%	4,180	4,310	4,093	3,610	3,317
Cash Equivalents	26.9%	33.00	26.00	67.00	150	28.00
Net PPE	2.4%	28,767	28,099	27,735	27,266	26,944
Goodwill	0%	1,993	1,993	1,993	1,993	1,993
Current Liabilities	-5.4%	5,173	5,466	6,895	5,680	6,346
. Short Term Borrowings	16.9%	1,162	994	815	244	758
Long Term Debt	-3.3%	16,873	17,442	15,608	15,629	14,531
Shareholder's Equity	15.8%	10,397	8,980	8,579	8,867	8,705
Retained Earnings	1.8%	3,808	3,741	3,355	3,662	3,438
Accumulated Depreciation	1.2%	10,579	10,451	10,179	10,340	10,139
Shares Outstanding	6.1%	206	194	194	194	194
Minority Interest	-33.3%	4.00	6.00	5.00	4.00	8.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-6.2%	1,977	2,107	2,287	2,818	3,067
Cashflow From Investing	3.0%	-3,431	-3,536	-3,503	-3,940	-3,863
Cashflow From Financing	2.7%	1,462	1,424	-2,152	-292	315
Dividend Payments	1.6%	685	674	713	752	791
Buy Backs	0%	55.00	55.00	67.00	67.00	66.00

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.

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 ascending	Fund Name	Type	% 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%

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

Schedule 13G FIlings of DTE Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About DTE Energy

Gerardo Norcia

www.dteenergy.com

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 operations	10,985	7,676	4,578
Operating Revenues	19,228	14,964	11,423
Operating Expenses
Fuel, purchased power, and gas — utility	2,505	1,904	1,719
Fuel, purchased power, gas, and other — non-utility	10,655	7,304	4,120
Operation and maintenance	2,400	2,420	2,305
Depreciation and amortization	1,468	1,377	1,292
Taxes other than income	457	431	395
Asset (gains) losses and impairments, net	(5)	33	37
Operating Expenses	17,480	13,469	9,868
Operating Income	1,748	1,495	1,555
Other (Income) and Deductions
Interest expense	675	630	601
Interest income	(46)	(22)	(29)
Non-operating retirement benefits, net	(1)	17	50
Loss on extinguishment of debt	0	393	6
Other income	(58)	(254)	(259)
Other expenses	66	75	104
Other (Income) and Deductions	636	839	473
Income Before Income Taxes	1,112	656	1,082
Income Tax Expense (Benefit) (Note 10)	29	(130)	37
Net Income from Continuing Operations	1,083	786	1,045
Net Income from Discontinued Operations, Net of Taxes (Note 4)	0	117	326
Net Income	1,083	903	1,371
Less: Net Income (Loss) Attributable to Noncontrolling Interests
Continuing operations	0	(10)	(9)
Discontinued operations	0	6	12
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)	0	0.57	1.63
Basic Earnings per Common Share (in dollars per share)	5.53	4.68	7.09
Diluted Earnings per Common Share
Continuing operations (in dollars per share)	5.52	4.10	5.45
Discontinued operations (in dollars per share)	0	0.57	1.63
Diluted Earnings per Common Share (in dollars per share)	$ 5.52	$ 4.67	$ 7.08
Weighted Average Common Shares Outstanding
Basic (in shares)	195	193	193
Diluted (in shares)	196	194	193

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 cash	10	7
Accounts receivable (less allowance for doubtful accounts)
Customer	2,038	1,695
Other	144	135
Inventories
Fuel and gas	433	368
Materials, supplies, and other	509	490
Derivative assets	328	181
Regulatory assets	450	195
Other	235	218
Total Current Assets	4,180	3,317
Investments
Nuclear decommissioning trust funds	1,825	2,071
Investments in equity method investees	165	187
Other	165	194
Total Investments	2,155	2,452
Property
Property, plant, and equipment	39,346	37,083
Accumulated depreciation and amortization	(10,579)	(10,139)
Property, plant and equipment, net	28,767	26,944
Other Assets
Goodwill	1,993	1,993
Regulatory assets	3,886	3,482
Securitized regulatory assets	206	0
Intangible assets	166	177
Notes receivable	331	310
Derivative assets	105	90
Prepaid postretirement costs	571	678
Operating lease right-of-use assets	89	97
Other	234	179
Total Other Assets	7,581	7,006
Total Assets	42,683	39,719
Current Liabilities
Accounts payable	1,604	1,414
Accrued interest	154	140
Dividends payable	196	171
Short-term borrowings	1,162	758
Current portion long-term debt, including securitization bonds and finance leases	1,124	2,874
Derivative liabilities	342	238
Regulatory liabilities	34	156
Operating lease liabilities	13	14
Other	544	581
Total Current Liabilities	5,173	6,346
Long-Term Debt (net of current portion)
Mortgage bonds, notes, and other	15,807	13,629
Securitization bonds	172	0
Junior subordinated debentures	883	883
Finance lease obligations	11	19
Total Long-Term Debt (net of current portion)	16,873	14,531
Other Liabilities
Deferred income taxes	2,394	2,163
Regulatory liabilities	2,673	3,106
Asset retirement obligations	3,460	3,162
Unamortized investment tax credit	182	158
Derivative liabilities	315	192
Accrued pension liability	378	339
Accrued postretirement liability	287	358
Nuclear decommissioning	282	321
Operating lease liabilities	68	74
Other	197	256
Total Other Liabilities	10,236	10,129
Commitments and Contingencies (Notes 9 and 18)
Equity
Common stock	6,651	5,379
Retained earnings	3,808	3,438
Accumulated other comprehensive loss	(62)	(112)
Total DTE Energy Company/DTE Electric Company Equity	10,397	8,705
Noncontrolling interests	4	8
Total Equity	10,401	8,713
Total Liabilities and Equity	$ 42,683	$ 39,719