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DTE

DTE Energy Company

NYSE: DTE · UTILITIES · UTILITIES - REGULATED ELECTRIC

$147.03
-1.04% today

Updated 2026-04-29

Market cap
$30.59B
P/E ratio
20.91
P/S ratio
1.93x
EPS (TTM)
$7.03
Dividend yield
2.98%
52W range
$125 – $153
Volume
1.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

DTE Energy Company (DTE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$147.03
Consensus
$151.33
+2.92%
2030 Target
$1,243.54
+745.77%
DCF
$112.57
-24.11% MoS
12 analysts:
5 Buy4 Hold0 Sell

Management guidance

DTE Energy has increased its 5-year capital spending plan by $6.5B to a total of $30B, driven by data center power demand (Oracle Stargate initiative requiring 1.4 GW), grid modernization, and renewable energy investments. The company expects this capital intensity to support long-term earnings stability and regulated revenue growth, with specific focus on Michigan grid reliability and clean energy transition through 2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$2,072.56
$21.6B Rev × 20x P/S
Base case (2030)
$1,243.54
$21.6B Rev × 12x P/S
Bear case (2030)
$829.02
$21.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$12.7B$12.5B$15.8B$16.9B$17.9B$18.9B$20.1B$21.6B
Revenue growth—-2.3%26.9%7.4%5.3%5.9%6.6%7.2%
EPS$5.73$6.83$7.36$8.15$8.72$9.35$10.05$10.80
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$977.06$1,036.28$1,095.50$1,169.52$1,243.54

Catalysts & risks

Growth catalysts
+ Oracle/OpenAI Stargate data center buildout (1.4 GW power commitment) generating incremental regulated utility revenue through 2028-2030
+ $30B capital spending plan (elevated from $23.5B) driving rate base growth and regulatory recovery through Michigan PSC and FERC processes
+ 1,332 MW battery storage contracts approved by MPSC enabling grid reliability revenue and renewable energy support services
+ Cold Water Solar Park ($194M, 100 MW) and Ford partnership providing long-term contracted clean energy revenue
+ Regulatory rate recovery momentum with recent Consumers Energy approval of $276.6M increase setting precedent for DTE rate case success
Key risks
- Regulatory rate cap risk: Michigan PSC may limit rate increase recovery on elevated capex, constraining revenue growth below projections
- Data center demand concentration: Oracle Stargate represents material incremental load but faces execution delays or contract modifications
- Commodity and labor inflation: Capital cost overruns on $30B spending plan may reduce earnings leverage relative to revenue growth
- Energy transition uncertainty: Accelerated coal plant retirements and renewable integration complexity could impact asset utilization and cost recovery
- Litigation exposure: Recent $100M Clean Air Act settlement and ongoing environmental challenges create regulatory and reputational risks

Methodology

DTE Energy Company's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.