DTE Energy (DTE)
Operator of Michigan electric and gas utilities, energy projects and trading businesses.
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Supplies regulated electricity in southeastern Michigan and natural gas across the state, earning primarily from utility service and infrastructure investment recovered through rates. Nationwide DTE Vantage projects and energy trading add smaller non-utility operations, while Michigan regulators govern rates and cost recovery.
Supplies electricity across southeastern Michigan through DTE Electric and distributes and stores natural gas statewide through DTE Gas. These regulated utilities form the core business. Nationwide, DTE Vantage develops renewable natural gas, power generation and custom energy projects, while Energy Trading markets power, natural gas and environmental products and optimizes transportation and storage positions.
Concentrates utility investment on grid reliability, cleaner generation and gas-system renewal, with data-center demand supporting electric-system expansion. DTE Vantage relies largely on long-term customer contracts, while trading results remain exposed to commodity markets.
Electric and gas rates, cost recovery and service conditions depend primarily on Michigan Public Service Commission orders. Electric operations also face federal reliability, nuclear and environmental oversight; non-utility results depend on project execution, counterparties and a limited customer base.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 28, 2026 | BMO Capital | Reiterate | Rating: —Target: $150 | Target: $143 |
| Aug 27, 2026 | Mizuho Securities | Target | Target: $164 | Target: $152 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $150 | Target: $148 |
| Aug 4, 2026 | Truist Financial | Target | Target: $158 | Target: $160 |
| Jul 29, 2026 | BMO Capital | Reiterate | Rating: —Target: $152 | Target: $150 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $84.0M · Total debt $27.84B · Total assets $56.23B · Shareholders' equity $12.15B
- Revenue
- $3.34B
- Operating income
- $396.0M
- Net income
- $282.0M
HistoryDividendAnnual yield
| Institutions | 49.13% | 170.33M shares | |
|---|---|---|---|
| 1,049 holders · as of Jun 30, 2026 | |||
| Insiders | 0.25% | 860.8K shares | |
| 21 holders · as of Sep 3, 2026 | |||
| Other | 50.62% | 175.53M shares | |
| remainder | |||
346.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (346.72M in the company's Sep 22, 2026 report, 208.09M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.41% | 25.70M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.62% | 12.57M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 3.60% | 12.50M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.24% | 11.23M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.23% | 11.18M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Trevor F. Lauer | officer: Vice Chairman & Group Pres. | −5,000 | $135.71 |
| May 14, 2026 | Lisa A. Muschong | officer: VP, Corp Sec & Chief of Staff | −1,000 | $143.72 |
- CMS Energy
Michigan's other large regulated electric+gas utility, same MPSC regulator.
- WEC Energy Group
Midwest regulated electric+gas utility with two Michigan MPSC subsidiaries.
- American Electric Power
Midwest regulated electric utility; scale peer with Michigan presence.
- Duke Energy
US largest regulated electric+gas utility by market cap; DTE industry benchmark.
- Southern Company
Southeast regulated electric+gas utility, 9M customers; industry benchmark peer.
- NiSource
Indiana-based fully regulated electric+gas utility, Midwest infrastructure peer.
- Xcel Energy
Eight-state Midwest regulated electric+gas utility; clean-energy IRP peer.
- Evergy
Kansas/Missouri regulated electric utility; MISO and Midwest sector peer.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DTE Energy | $126.23 | +0.08% | $26.25B | 19.8 | 15.5 | 1.6 | −1.5% |
| CMS Energy | $64.55 | −0.23% | $20.29B | 19.1 | 15.5 | 2.3 | −0.5% |
| WEC Energy Group | $103.24 | −0.23% | $33.71B | 20.1 | 19.3 | 3.3 | +2.6% |
| American Electric Power | $120.48 | +0.37% | $65.34B | 20.8 | 18.2 | 2.9 | +7.0% |
| Duke Energy | $116.67 | −0.06% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| Southern Company | $85.37 | −0.11% | $98.31B | 20.6 | 18.3 | 3.3 | +0.1% |
| NiSource | $40.39 | −0.33% | $19.42B | 21.6 | 18.6 | 2.8 | +4.6% |
| Xcel Energy | $72.18 | +0.45% | $44.88B | 19.6 | 17.0 | 3.1 | −5.1% |
| Evergy | $79.96 | +0.88% | $18.27B | 20.1 | 17.9 | 3.0 | +4.4% |
| Median | 20.1 | 18.0 | 3.0 | +1.9% |