DTE Dividend Yield vs Operating Expenses Analysis

DTE Stock  USD 111.30  4.17  3.89%   
Trend analysis of DTE Energy balance sheet accounts such as Short and Long Term Debt Total of 11 B or Other Current Liab of 652.7 M provides information on DTE Energy's total assets, liabilities, and equity, which is the actual value of DTE Energy to its prevalent stockholders. By breaking down trends over time using DTE Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.

About DTE Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of DTE Energy at a specified time, usually calculated after every quarter, six months, or one year. DTE Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of DTE Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which DTE currently owns. An asset can also be divided into two categories, current and non-current.

DTE Energy Balance Sheet Chart

DTE Energy Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how DTE Energy uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, DTE Energy's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 8 B, whereas Total Assets are forecasted to decline to about 28.3 B.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of DTE Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in DTE Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on DTE Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of DTE Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from DTE Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DTE Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.As of March 28, 2024, Selling General Administrative is expected to decline to about 356.7 M. In addition to that, Tax Provision is expected to decline to about 103.2 M
 2021 2022 2023 2024 (projected)
Gross Profit3.3B3.7B4.3B4.1B
Total Revenue15.0B19.2B12.7B8.4B

DTE Energy fundamental ratios Correlations

0.940.91-0.260.820.850.920.520.910.490.880.160.930.370.160.850.730.920.870.540.270.950.810.870.60.95
0.940.97-0.270.740.950.980.540.970.660.850.341.00.220.340.850.630.990.760.450.310.990.730.830.450.93
0.910.97-0.290.780.870.990.541.00.510.810.310.970.320.310.760.680.960.680.40.420.980.80.730.540.94
-0.26-0.27-0.29-0.22-0.2-0.33-0.92-0.290.09-0.40.13-0.25-0.270.13-0.35-0.23-0.28-0.34-0.6-0.39-0.29-0.36-0.44-0.1-0.44
0.820.740.78-0.220.540.770.490.790.110.85-0.230.730.5-0.230.710.620.680.740.520.090.790.790.690.840.82
0.850.950.87-0.20.540.890.450.860.850.740.450.950.050.450.820.550.940.670.30.230.910.550.760.230.82
0.920.980.99-0.330.770.890.580.990.540.850.30.980.220.30.80.660.970.710.40.350.980.770.760.480.95
0.520.540.54-0.920.490.450.580.540.10.64-0.070.520.3-0.070.640.430.540.50.710.360.560.580.680.310.67
0.910.971.0-0.290.790.860.990.540.510.820.290.970.330.290.760.690.960.690.40.410.980.810.730.550.94
0.490.660.510.090.110.850.540.10.510.420.560.67-0.270.560.610.220.660.370.03-0.020.580.130.49-0.140.39
0.880.850.81-0.40.850.740.850.640.820.42-0.060.830.33-0.060.940.60.810.840.620.060.860.730.880.570.85
0.160.340.310.13-0.230.450.3-0.070.290.56-0.060.36-0.331.00.090.010.41-0.14-0.060.530.30.00.13-0.350.14
0.931.00.97-0.250.730.950.980.520.970.670.830.360.20.360.830.630.990.740.410.310.990.720.80.440.92
0.370.220.32-0.270.50.050.220.30.33-0.270.33-0.330.2-0.330.220.610.160.380.50.460.270.680.330.790.38
0.160.340.310.13-0.230.450.3-0.070.290.56-0.061.00.36-0.330.090.010.41-0.14-0.060.530.30.00.13-0.350.14
0.850.850.76-0.350.710.820.80.640.760.610.940.090.830.220.090.570.820.780.630.040.840.660.930.440.79
0.730.630.68-0.230.620.550.660.430.690.220.60.010.630.610.010.570.580.470.340.350.640.880.50.710.72
0.920.990.96-0.280.680.940.970.540.960.660.810.410.990.160.410.820.580.740.440.350.990.690.810.380.91
0.870.760.68-0.340.740.670.710.50.690.370.84-0.140.740.38-0.140.780.470.740.640.030.770.60.860.510.8
0.540.450.4-0.60.520.30.40.710.40.030.62-0.060.410.5-0.060.630.340.440.640.320.490.60.820.50.53
0.270.310.42-0.390.090.230.350.360.41-0.020.060.530.310.460.530.040.350.350.030.320.330.450.220.170.39
0.950.990.98-0.290.790.910.980.560.980.580.860.30.990.270.30.840.640.990.770.490.330.770.830.510.94
0.810.730.8-0.360.790.550.770.580.810.130.730.00.720.680.00.660.880.690.60.60.450.770.670.840.81
0.870.830.73-0.440.690.760.760.680.730.490.880.130.80.330.130.930.50.810.860.820.220.830.670.460.81
0.60.450.54-0.10.840.230.480.310.55-0.140.57-0.350.440.79-0.350.440.710.380.510.50.170.510.840.460.57
0.950.930.94-0.440.820.820.950.670.940.390.850.140.920.380.140.790.720.910.80.530.390.940.810.810.57
Click cells to compare fundamentals

DTE Energy Account Relationship Matchups

DTE Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding185M193M194M196M206M180.2M
Total Assets41.9B45.5B39.7B42.7B44.8B28.3B
Short Long Term Debt Total17.6B19.7B18.3B19.2B21.0B11.0B
Other Current Liab652M754M975M(1.1B)700M652.7M
Total Current Liabilities4.0B2.7B6.3B5.2B5.9B3.4B
Total Stockholder Equity11.7B12.4B8.7B10.4B11.1B7.6B
Property Plant And Equipment Net25.5B28.1B27.0B28.9B28.3B16.6B
Current Deferred Revenue721M368M311M2.4B380M431.0M
Net Debt17.5B19.1B18.2B19.2B20.9B10.9B
Retained Earnings6.6B7.2B3.4B3.8B4.4B3.8B
Accounts Payable1.1B1.0B1.4B1.6B1.4B932.4M
Cash93M514M28M33M26M24.7M
Non Current Assets Total38.8B42.0B36.4B38.5B41.2B25.3B
Non Currrent Assets Other182M144M2.3B4.8B7.8B8.2B
Cash And Short Term Investments93M514M28M33M26M24.7M
Net Receivables1.9B1.8B1.8B2.2B1.8B1.6B
Common Stock Total Equity5.2B5.4B5.4B6.7B7.6B8.0B
Liabilities And Stockholders Equity41.9B45.5B39.7B42.7B44.8B28.3B
Non Current Liabilities Total26.0B30.2B24.7B27.1B27.8B16.0B
Inventory759M716M858M942M1.1B700.6M
Other Current Assets214M358M413M685M350M498.1M
Other Stockholder Equity164M10.1B8M7.4B6.7B4.9B
Total Liab30.0B32.9B31.0B32.3B33.7B20.6B
Property Plant And Equipment Gross25.5B28.1B37.1B39.3B37.4B39.3B
Total Current Assets3.1B3.5B3.3B4.2B3.5B3.1B
Accumulated Other Comprehensive Income(148M)(137M)(112M)(62M)(67M)(70.4M)
Short Term Debt1.5B540M3.6B2.3B3.4B3.6B
Common Stock5.2B5.4B5.4B6.7B6.7B4.0B
Other Liab10.0B11.1B10.1B10.2B11.7B6.7B
Other Assets6.3B7.0B6.8B4.9B5.6B5.4B
Long Term Debt15.9B19.0B14.5B16.9B17.4B10.8B
Property Plant Equipment25.3B28.0B26.9B28.8B33.1B17.7B
Intangible Assets2.4B2.3B177M166M156M148.2M
Retained Earnings Total Equity6.6B7.2B3.4B3.8B4.4B4.6B
Deferred Long Term Liab4.2B4.1B3.5B4.1B4.8B5.0B
Net Tangible Assets11.7B12.4B8.7B10.4B9.4B11.4B

Pair Trading with DTE Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DTE Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DTE Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with DTE Stock

  0.86D Dominion Energy Financial Report 3rd of May 2024 PairCorr
  0.88ES Eversource Energy Financial Report 1st of May 2024 PairCorr
  0.66FE FirstEnergy Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to DTE Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTE Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DTE Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DTE Energy to buy it.
The correlation of DTE Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DTE Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTE Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DTE Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether DTE Energy is a strong investment it is important to analyze DTE Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DTE Energy's future performance. For an informed investment choice regarding DTE Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DTE Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade DTE Stock refer to our How to Trade DTE Stock guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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Is DTE Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DTE Energy. If investors know DTE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DTE Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.539
Dividend Share
3.878
Earnings Share
6.76
Revenue Per Share
61.869
Quarterly Revenue Growth
(0.24)
The market value of DTE Energy is measured differently than its book value, which is the value of DTE that is recorded on the company's balance sheet. Investors also form their own opinion of DTE Energy's value that differs from its market value or its book value, called intrinsic value, which is DTE Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DTE Energy's market value can be influenced by many factors that don't directly affect DTE Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DTE Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTE Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTE Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.