DTE Energy (DTE) Stock Analysis

November 11, 2026

This is a peer-relative look at DTE Energy (DTE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for DTE Energy (DTE)
Profile Item	DTE
Name	DTE Energy Company
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Multi-Utilities
GICS Sub-Industry	Multi-Utilities
Market Capitalization	28.12 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 2, 1962
Security Type	Common Stock

Price Performance

Cumulative Growth

DTE

GSPC

DTE Energy (DTE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DTE Energy (DTE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DTE Energy (DTE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Total Return (1Y)	4.52%	5.85%
Total Return (3Y, Annualized)	15.85%	15.48%
Total Return (5Y, Annualized)	7.71%	8.14%

Risk Profile

Drawdown History

DTE

GSPC

DTE Energy (DTE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DTE Energy (DTE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Volatility (1Y, Annualized)	17.96%	22.23%
Beta (5Y)	0.34	0.53
Max Drawdown (5Y)	-28.92%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DTE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Sharpe Ratio (1Y)	0.01	0.08
Sortino Ratio (1Y)	0.02	0.12

Profitability

ROE (TTM)

DTE Energy (DTE) posts ROE of 11.02%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

DTE

Utilities industry group

11.02%

Group distribution

Max: 17.99%
Q3: 12.01%
DTE: 11.02%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
DTE: 11.02%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%

Where DTE Energy (DTE) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

DTE Energy (DTE) keeps 8.21% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

DTE

Utilities industry group

8.21%

Group distribution

Max: 28.78%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
DTE: 8.21%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
DUK: 16.16%
SO: 16.00%
AEP: 14.21%
CEG: 11.08%
DTE: 8.21%

Where DTE Energy (DTE) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

DTE Energy (DTE) turns 16.21% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

DTE

Utilities industry group

16.21%

Group distribution

Max: 53.83%
Q3: 31.12%
Median: 23.62%
DTE: 16.21%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
DTE: 16.21%
CEG: 8.66%

Where DTE Energy (DTE) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
ROE (TTM)	11.02%	9.44%
ROA (TTM)	2.62%	3.08%
Net Margin (TTM)	8.21%	12.73%
Operating Margin (TTM)	16.21%	23.62%
Gross Margin (TTM)	28.89%	44.03%

Growth

Revenue Growth

DTE Energy (DTE) grew revenue 26.95%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

DTE Energy (DTE): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

DTE Energy (DTE) grew earnings per share 3.84%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

DTE Energy (DTE): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Revenue Growth (YoY)	26.95%	8.45%
Revenue Growth (3Y CAGR)	-6.31%	3.87%
EPS Growth (YoY)	3.84%	3.93%
EPS Growth (3Y CAGR)	8.39%	5.25%

Financial Strength

Current Ratio (MRQ)

DTE Energy (DTE) has current ratio of 0.62, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

DTE

Utilities industry group

0.62

Group distribution

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
DTE: 0.62
Min: 0.29

Largest peers

CEG: 1.46
SO: 0.84
DUK: 0.68
DTE: 0.62
NGG: 0.62
NEE: 0.53
AEP: 0.51

Where DTE Energy (DTE) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

DTE Energy (DTE) has debt-to-equity ratio of 2.27, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

DTE

Utilities industry group

2.27

Group distribution

Max: 2.63
DTE: 2.27
Q3: 1.77
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

DTE: 2.27
SO: 1.68
DUK: 1.63
AEP: 1.62
NEE: 1.53
NGG: 1.32
CEG: 0.76

Where DTE Energy (DTE) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Current Ratio (MRQ)	0.62	0.88
Debt / Equity (MRQ)	2.27	1.35
Net Debt / EBITDA	8.00	5.31

Dividends

Dividend Yield (TTM)

DTE Energy (DTE) has dividend yield of 3.46%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

DTE

Utilities industry group

3.46%

Group distribution

Max: 6.66%
Q3: 3.58%
DTE: 3.46%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

Largest peers

DTE: 3.46%
DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
CEG: 0.68%
NGG: 0.57%

Where DTE Energy (DTE) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

DTE Energy (DTE) has payout ratio of 71.04%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

DTE

Utilities industry group

71.04%

Group distribution

Max: 113.04%
DTE: 71.04%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Largest peers

NGG: 71.97%
DTE: 71.04%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
NEE: 43.89%
CEG: 15.92%

Where DTE Energy (DTE) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
Dividend Yield (TTM)	3.46%	2.85%
Dividend Payout Ratio (TTM)	71.04%	56.38%

Valuation

P/E Ratio (TTM)

DTE Energy (DTE) trades at P/E ratio of 20.59, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

DTE

Utilities industry group

20.59

Group distribution

Max: 31.22
Q3: 23.30
DTE: 20.59
Median: 19.64
Q1: 15.17
Min: 3.34

Largest peers

CEG: 24.43
SO: 21.08
AEP: 20.67
DTE: 20.59
DUK: 18.74
NEE: 15.67
NGG: 15.54

Where DTE Energy (DTE) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

DTE Energy (DTE) trades at 1.69 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

DTE

Utilities industry group

1.69

Group distribution

Max: 6.35
Q3: 3.63
Median: 2.63
DTE: 1.69
Q1: 1.52
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83
DTE: 1.69

Where DTE Energy (DTE) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

DTE Energy (DTE) trades at 2.22 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

DTE

Utilities industry group

2.22

Group distribution

Max: 3.12
DTE: 2.22
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
DTE: 2.22
AEP: 2.10
DUK: 1.83

Where DTE Energy (DTE) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

DTE Energy (DTE) metric values compared with Utilities industry-group medians
Metric	Current stock: DTE	Industry group median
P/E Ratio (TTM)	20.59	19.64
P/S Ratio (TTM)	1.69	2.63
P/B Ratio (MRQ)	2.22	1.83
Free Cash Flow Yield (TTM)	-9.61%	-7.11%