DTE Energy Company (DTE)

Over the past six months, DTE Energy's stock has trended down by 2.67%, although it has shown a 9.13% increase over the past 12 months. In December 2025, DTE Energy announced a quarterly dividend increase. Between October and December 2025, several financial groups adjusted their ratings and price targets for DTE Energy. In December 2025, the Michigan Public Service Commission (MPSC) conditionally approved special power contracts for a large 1.4-gigawatt hyperscale artificial intelligence data center in Saline Township, Michigan, which would significantly increase DTE's load. In January 2026, Michigan Attorney General Dana Nessel challenged the MPSC's approval, citing risks to ratepayers and a lack of public scrutiny, and filed a petition for rehearing. DTE Energy announced its third-quarter accomplishments, investments, and earnings on October 30, 2025, reporting $2.25 earnings per share and revenue of $3.53 billion.

Demand for DTE Energy's products and services exhibits clear seasonality, primarily driven by weather conditions. Energy demand typically peaks during periods of extreme temperatures, such as heat waves in the summer and extreme cold spells in the winter. During these times, the energy grid experiences high stress, leading DTE Energy to implement "Critical Peak Events" and "Demand Response Events" to manage energy costs. Customers are advised to adjust their energy usage during peak hours to alleviate strain on the grid.

DTE Energy Co. is a diversified energy company involved in energy-related businesses and services across the United States and Canada. It operates primarily within the Utilities sector, specifically in the Electric & Gas Utilities industry, with core operations including DTE Electric Company and DTE Gas Company. DTE Electric serves approximately 2.3 million customers in Southeast Michigan, while DTE Gas provides natural gas to about 1.3 million customers throughout Michigan. DTE Energy's portfolio encompasses non-utility energy businesses, including industrial energy services, renewable natural gas, natural gas pipelines, power and industrial projects, and energy marketing and trading. The company generates electricity from a diverse mix of sources, including coal, natural gas, nuclear, and renewable energy such as wind, solar, and hydroelectric power.

DTE Energy's primary geographic footprint for its regulated electric and natural gas utility services is Michigan, particularly the southeastern portion of the state, serving 2.3 million electric and 1.3 million natural gas customers. The company's non-utility energy businesses extend its reach nationwide and into Canada, with DTE Vantage operating 74 projects across 15 states. DTE Energy has also expanded its natural gas midstream business through the acquisition of assets in Pennsylvania and West Virginia.

DTE Energy's brand reputation in the past year has been significantly impacted by public and regulatory scrutiny surrounding its operations and proposed projects. The conditional approval of special power contracts for a massive data center in Saline Township has drawn considerable negative attention, with concerns raised by the Michigan Attorney General and over 5,000 public comments opposing the data center power deal. Despite DTE Electric reporting a nearly 70% reduction in power outage duration from 2023 to 2024, customer feedback indicates ongoing concerns about power outages, with a Net Promoter Score (NPS) of -31 in June 2025 and 62% of detractors citing reliability issues.

DTE Energy Company's ownership structure is predominantly institutional, with institutional ownership standing at 78.22% of the total shares outstanding. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Capital Research Global Investors, State Street Corp, Capital World Investors, T. Rowe Price Investment Management, Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Ameriprise Financial Inc, and Geode Capital Management, Llc. Individual investors and insiders hold a smaller percentage of the company's stock, with insiders owning approximately 0.37%.