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DTE

DTE EnergyNYSE:DTE Stock Report

Last Price

US$118.46

Market Cap

US$22.9b

7D

-0.8%

1Y

-2.8%

Updated

21 Jan, 2022

Data

Company Financials +
DTE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance1/6
Financial Health1/6
Dividends4/6

DTE Stock Overview

DTE Energy Company engages in the utility operations.

DTE Energy Competitors

Dominion Energy

NYSE:D

US$64.2b

Sempra

NYSE:SRE

US$43.1b

Public Service Enterprise Group

NYSE:PEG

US$33.1b

WEC Energy Group

NYSE:WEC

US$30.6b

Price History & Performance

Summary of all time highs, changes and price drops for DTE Energy
Historical stock prices
Current Share PriceUS$118.46
52 Week HighUS$145.43
52 Week LowUS$108.22
Beta0.69
1 Month Change1.51%
3 Month Change2.12%
1 Year Change-2.83%
3 Year Change3.79%
5 Year Change22.00%
Change since IPO239.62%

Recent News & Updates

Jan 14
A Look At The Intrinsic Value Of DTE Energy Company (NYSE:DTE)

A Look At The Intrinsic Value Of DTE Energy Company (NYSE:DTE)

How far off is DTE Energy Company ( NYSE:DTE ) from its intrinsic value? Using the most recent financial data, we'll...

Dec 22

DTE Energy: Excellent Valuation And Growth But Leverage May Be A Concern

DTE Energy has a lot to offer a more conservative investor, particularly forward growth potential and a good valuation. The company is investing heavily into upgrading its infrastructure, including in renewables, which should provide it with a 6% CAGR going forward. The company may be overestimating the impact that electric vehicles will have on the demand for its electricity. The company has somewhat more leverage than its peers, which may increase its risks. The company has an attractive valuation relative to its peer group and a 3% dividend yield that is easily sustainable.

Shareholder Returns

DTEUS Integrated UtilitiesUS Market
7D-0.8%-1.0%-4.0%
1Y-2.8%12.0%6.6%

Return vs Industry: DTE underperformed the US Integrated Utilities industry which returned 12% over the past year.

Return vs Market: DTE underperformed the US Market which returned 6.6% over the past year.

Price Volatility

Is DTE's price volatile compared to industry and market?
DTE volatility
DTE Average Weekly Movement2.2%
Integrated Utilities Industry Average Movement2.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: DTE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: DTE's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190310,200Jerry Norciahttps://newlook.dteenergy.com

DTE Energy Company engages in the utility operations. The company’s Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 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.

DTE Energy Fundamentals Summary

How do DTE Energy's earnings and revenue compare to its market cap?
DTE fundamental statistics
Market CapUS$22.95b
Earnings (TTM)US$1.02b
Revenue (TTM)US$14.15b

22.5x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DTE income statement (TTM)
RevenueUS$14.15b
Cost of RevenueUS$10.30b
Gross ProfitUS$3.85b
ExpensesUS$2.83b
EarningsUS$1.02b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.25
Gross Margin27.20%
Net Profit Margin7.19%
Debt/Equity Ratio205.0%

How did DTE perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

78%

Payout Ratio

Valuation

Is DTE Energy undervalued compared to its fair value and its price relative to the market?

22.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DTE ($118.46) is trading above our estimate of fair value ($108.88)

Significantly Below Fair Value: DTE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DTE is good value based on its PE Ratio (22.5x) compared to the US Integrated Utilities industry average (22.8x).

PE vs Market: DTE is poor value based on its PE Ratio (22.5x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: DTE is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: DTE is overvalued based on its PB Ratio (2.7x) compared to the US Integrated Utilities industry average (2.2x).


Future Growth

How is DTE Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DTE's forecast earnings growth (9.6% per year) is above the savings rate (2%).

Earnings vs Market: DTE's earnings (9.6% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: DTE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DTE's revenue (1.5% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: DTE's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DTE's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has DTE Energy performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DTE has a large one-off loss of $427.0M impacting its September 30 2021 financial results.

Growing Profit Margin: DTE's current net profit margins (7.2%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: DTE's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: DTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DTE had negative earnings growth (-8.2%) over the past year, making it difficult to compare to the Integrated Utilities industry average (11.5%).


Return on Equity

High ROE: DTE's Return on Equity (11.9%) is considered low.


Financial Health

How is DTE Energy's financial position?


Financial Position Analysis

Short Term Liabilities: DTE's short term assets ($3.5B) exceed its short term liabilities ($3.4B).

Long Term Liabilities: DTE's short term assets ($3.5B) do not cover its long term liabilities ($27.4B).


Debt to Equity History and Analysis

Debt Level: DTE's net debt to equity ratio (204.3%) is considered high.

Reducing Debt: DTE's debt to equity ratio has increased from 108.3% to 205% over the past 5 years.

Debt Coverage: DTE's debt is not well covered by operating cash flow (18.7%).

Interest Coverage: DTE's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is DTE Energy current dividend yield, its reliability and sustainability?

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DTE's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: DTE's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: DTE's dividend payments have been volatile in the past 10 years.

Growing Dividend: DTE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.7%), DTE's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DTE's dividends in 3 years are forecast to be covered by earnings (60.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Jerry Norcia (58 yo)

5.75yrs

Tenure

US$10,605,622

Compensation

Mr. Gerardo Norcia, also known as Jerry, serves as Chief Executive Officer of DTE Energy Company since July 01, 2019, President since April 04, 2016 and as its Director since 2019. He has been Chief Execut...


CEO Compensation Analysis

Compensation vs Market: Jerry's total compensation ($USD10.61M) is about average for companies of similar size in the US market ($USD11.42M).

Compensation vs Earnings: Jerry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: DTE's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: DTE's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DTE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DTE Energy Company's employee growth, exchange listings and data sources


Key Information

  • Name: DTE Energy Company
  • Ticker: DTE
  • Exchange: NYSE
  • Founded: 1903
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Implied Market Cap: US$22.949b
  • Shares outstanding: 193.73m
  • Website: https://newlook.dteenergy.com

Number of Employees


Location

  • DTE Energy Company
  • One Energy Plaza
  • Detroit
  • Michigan
  • 48226-1279
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:36
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.