Stock

DTE Energy Company 5.25 % Debentures 2017-01.12.77 Global

DTW
43
Regulated Electric · Utilities
Price
$17.76
+0.03 (+0.17%)
Market Cap
$27.69B
Exchange
New York Stock Exchange
Winston Score
43
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
8/30
Growth
Mixed
7/20
Cash Flow
Good
6/10
Stability
Weak
2/10
Valuation
Strong
7/10
Ownership
Good
10/15
Dividends
Good
3/5

43 of 100 counted points = Winston Score 43.

Share count rising — dilution

+6.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 194.0M (2021) → 207.0M (2025)

§Winston Score History

The full picture

DTE Energy is a utility company based in Detroit, Michigan that provides electricity and natural gas to millions of customers in southeastern Michigan. Its electric utility serves about 2.2 million customers, while its gas utility delivers natural gas to roughly 1.3 million customers. It is one of the largest utility companies in the Midwest.

DTE makes money by charging regulated rates approved by the Michigan Public Service Commission, giving it stable and predictable revenue. Beyond its core utilities, the company also has non-utility businesses in energy trading, industrial energy services, and renewable energy projects. With a market cap around $28 billion, DTE benefits from its regulated monopoly status, which limits competition but also caps how much it can charge. The company's key growth driver is its multi-billion-dollar infrastructure investment plan focused on grid modernization and clean energy, though rising interest rates and regulatory decisions on allowed returns remain meaningful risks.

Growth Profile

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

Revenue Growth

-2.4% YoY

YoY Growth Rate

Revenue declining

Reported EPS Growth

+23.6% YoY

Quarterly reporting periods ended:

30 Jun 2025: $1.10

30 Jun 2026: $1.36

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

83.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~20 months

$4.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

DTE Energy Company 5.25 % Debentures 2017-01.12.77 Global'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

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Quality

Profit per sale
Gross Margin
16.1%
Thin — 16.1% gross margin
Profit after running costs
Operating Margin
11.9%
Modest — 11.9% operating margin
Return on the money invested
ROCE
5.0%
Weak — 5.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+14.4%
Fast-growing sales (+14.4% YoY)
Profit growth
EPS YoY
-8.2%
Earnings shrinking (-8.2% YoY)

Slight earnings drop. Typical near a cyclical low.

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
256%
Turns 256% of profit into real cash
Spare cash per sale
FCF Margin
-11.9%
Burning cash (-11.9%)

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
2.29
Heavy debt load (2.29)
Covers its interest
Interest Cover
1.75x
Dangerous — barely covers interest (1.8x)

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)
20.9x
Growth-priced — P/E 20.9

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

Cheaper or dearer next year
P/E vs Forward
+6.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (20.9 → 14.1)

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Dividends

Dividend
Dividend Yield
7.09%
Healthy income — 7.09% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
-0.0%
Dividend cut (-0.0% YoY) — warning sign
Payout Ratio
69%
no trend
Most of the profit goes out as dividends. Little left to reinvest, and less cushion if earnings dip.

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