DTE Energy Company (DTE) Stock

About DTE Energy Company

DTE Energy Company, established in 1903 and based in Detroit, Michigan, is primarily engaged in utility services. Its Electric division is responsible for generating, acquiring, delivering, and selling electricity to approximately 2.3 million customers—including households, businesses, and industrial clients—across southeastern Michigan. This power is sourced from diverse facilities, encompassing fossil fuel, pumped-storage hydroelectric, nuclear, wind, and other renewable energy assets. The infrastructure supporting this includes around 698 distribution substations and 449,800 line transformers. The Gas division manages the procurement, storage, transmission, distribution, and sale of natural gas to roughly 1.3 million residential, commercial, and industrial customers statewide in Michigan. This segment also provides natural gas storage and transportation capacity. Its extensive network features approximately 20,000 miles of distribution mains, 1,304,000 service pipelines, 1,305,000 active meters, and about 2,000 miles of transmission pipelines. Through its Power and Industrial Projects segment, DTE Energy supplies metallurgical coke, along with pulverized coal and petroleum coke, to the steel, pulp and paper, and other industrial sectors. This segment also delivers essential services such as power, steam, and chilled water production, wastewater treatment, and compressed air to various industrial clients. Finally, the Energy Trading segment focuses on the marketing and trading of power, natural gas, and environmental commodities. It also undertakes structured transactions and works to optimize its contracted natural gas pipeline transportation and storage assets.

DTE Energy Company is led by CEO Joi Harris, employs 9,650 people, headquartered in Detroit, US, publicly traded since 1970.

DTE Energy Company (DTE) stock trades at $139.66 with a market capitalization of $29.06B. The stock is valued at a price-to-earnings (P/E) ratio of 20.75, price-to-book of 2.46, price-to-sales of 1.80. Over the past 52 weeks the stock has ranged between $126.23 and $155.76, and currently trades 10.3% below its 52-week high. It pays a dividend yielding 1.60%.

On profitability, DTE Energy Company generates a return on equity (ROE) of 12.18%, above the typical market average, return on capital employed of 19.29%, an operating margin of 15.92%, a net profit margin of 7.75%.

In its most recent fiscal year, DTE Energy Company reported annual revenue of $15.8B, net profit of $1.5B, revenue has compounded at 6.7% a year over the last five years, profit at 1.3% a year.

The balance sheet shows a debt-to-equity ratio of 2.19 — a leveraged balance sheet worth monitoring, a current ratio of 0.80, total assets of $54.1B, $250.0M in cash and equivalents.

DTE has an average daily trading volume of 1,490,000 shares, a beta of 0.39 (less volatile than the overall market).

Official website: www.dteenergy.com