DTE ENERGY CO
In the published model solve dated 2026-Q2, anchored at $135.86, DTE ENERGY CO (DTE) is priced for -4.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Nine of every ten dollars of 2025 operating profit came from two regulated Michigan utilities serving 2.3 million electric and 1.4 million gas customers, even though energy marketing and trading booked roughly 40% of the revenue line. • Trading is the swing factor rather than the earnings engine: that segment went from $67 million of net income in the first quarter of 2025 to a $78 million loss in the same quarter of 2026, most of it a mark-to-market accounting move rather than cash out the do
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953 institutional managers reported holding DTE in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 51%. 118 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 5.8M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DTE's share count grew 7.3% over the past five years even with $67.00M spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 3 years straight; the current rate is $4.44 a share annually. Cash returned over the past three years: $2.29B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DTE over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DTE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -1.9% | -12.6% |
| 2023-11-02 | +2.5% | +11.9% |
| 2024-02-09 | -0.9% | +1.8% |
| 2024-04-26 | -1.8% | +1.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DTE's latest 8-K filings: 2026-07-31 (items 2.02, 9.01); 2026-07-28 (items 2.02, 7.01, 9.01); 2026-06-22 (items 7.01, 9.01); 2026-06-18 (items 8.01, 9.01); 2026-06-05 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.