2 models fit DTE Energy Company Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
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Valued as a utility: Dividend discount, P/E comparison, and EV/EBITDA comparison.
ACCE opinionDTE Energy Company Common Stock (DTE)
Fair value (2 models)
$112
ACCE price target
$134
Rating
Overvalued
Horizon
12 months
Fair value published on 12 Oct 2026, 00:00 CEST; previously $109 since 9 Oct 2026, 00:00 CEST.
ACCE price target published on 24 Sept 2026, 00:00 CEST.
Price used: $132 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
17.3% above
-14.7% to fair value
ACCE score
44
out of 100
Analysts
59% buy
17 covering
P/E
20.9x
forward 15.9x
1-year return
-6.8%
Dividend yield
3.50%
DTE Energy Company Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
DTE Energy runs a regulated electric utility serving about 2.3 million customers in southeast Michigan and a regulated gas utility serving roughly 1.3 million, with DTE Vantage and DTE Midstream as adjacent businesses. Its advantage is the rate-base model: earnings grow with capital the Michigan Public Service Commission allows it to invest in grid hardening, generation and gas infrastructure, which gives it a predictable, long-dated pipeline of recoverable spend. The near-term story is the capex plan and the rate cases that fund it, with the forward P/E of 15.3 against a trailing 20.3 implying the market expects earnings to recover. Revenue fell 1.5% and ROE of 11.0% and a 13.6% operating margin are unremarkable, and the 42/100 score and absence from any major index mean the name screens poorly on our framework. It merits a deeper look only if you want a regulated-utility exposure and are willing to underwrite the Michigan regulatory outcome and the earnings-recovery thesis yourself.