DTE Energy Company 2021 Series

DTG

Regulated Electric · Utilities

Exchange

New York Stock Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Good

Stability

Weak

Valuation

Strong

Dividends

Mixed

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Winston Score History

The full picture

DTE Energy is a large utility company based in Michigan that delivers electricity and natural gas to homes and businesses. Its main customers are residents and companies across southeastern Michigan, including the Detroit metro area. DTE operates regulated electric and gas networks, meaning the government sets the rates it can charge, which limits competition but also limits how much profit it can earn.

DTE makes most of its money by charging customers for the electricity and gas they use each month, a steady and predictable revenue model. The company serves roughly 3 million electric customers and over 1 million gas customers, almost entirely in Michigan. Its biggest competitive advantage is that it holds government-granted monopoly rights in its service territory, so customers cannot easily switch providers. The main risk DTE faces is the cost of upgrading aging infrastructure and transitioning its power generation away from coal toward cleaner energy sources, which requires billions in capital spending over the coming years.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+23.6% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

87.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$4.2B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$4.2B cash & investments at current burn rate

Revenue declining

DTE Energy Company 2021 Series's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

80.7%

Premium pricing power — 80.7% gross margin

Profit after running costs

Operating Margin

13.6%

Healthy — 13.6% operating margin

Return on the money invested

ROCE

4.8%

Weak — 4.8% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+12.2%

Fast-growing sales (+12.2% YoY)

Profit growth

EPS YoY

-25.5%

Earnings shrinking (-25.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

320%

Turns 320% of profit into real cash

Spare cash per sale

FCF Margin

-10.1%

Burning cash (-10.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

2.22

Heavy debt load (2.22)

Covers its interest

Interest Cover

1.63x

Dangerous — barely covers interest (1.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

21.8x

no trend

Growth-priced — P/E 21.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+20.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (21.8 → 1.8)

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Dividends

Dividend

Dividend Yield

3.07%

no trend

Moderate income — 3.07% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

-0.0%

no trend

Dividend cut (-0.0% YoY) — warning sign

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