DTE Energy Company 2021 Series E 4.375% Junior Subordinated Debentures (DTG)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham-style investor, I start with what is knowable. The issuer's filed figures show net income of $1.5B and diluted EPS of $7.03 in fiscal year 2025, versus $1.4B and $6.77 in fiscal year 2024 and $1.4B and $6.76 in fiscal year 2023. That is steady but unspectacular; FairStock's computed Lynch category is SLOW GROWER, with profit growth of 1.3% a year over five years. The quarterly path is uneven: in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $247.0M and diluted EPS $1.19, down from $445.0M and $2.14 in fiscal Q1 2025, the quarter ended 2025-03-31. In fiscal Q3 2025, the quarter ended 2025-09-30, net income was $419.0M and EPS $2.01; in fiscal Q2 2025, the quarter ended 2025-06-30, net income was $229.0M and EPS $1.10. This is a junior subordinated debenture, so I care less about a utility moat than about coupon coverage, subordination, and asset protection. The security name carries a 4.375% coupon, but yield-to-maturity, credit ratings, interest coverage, and detailed terms are not in the data. FairStock's calculated P/E, P/B, ROE, ROCE, and FairStock Score are all N/A, so I cannot compute a Graham margin of safety. At $15.06 at the close on 2026-10-16, within a 52-week range of $14.70-$18.47, the price is near the low end. That may price in credit or rate worry, but the data do not let me call it cheap. The provided market cap is $3.1B. I would require clear credit protection before trusting a slow-growing issuer's junior obligation.

In plain English: DTE Energy is a utility company, and the security in question is a bond-like obligation that may rank behind other debts, so its return depends mainly on interest payments and the issuer’s credit quality. The filed figures show steady but slow-growing profits: net income was $1.5B in fiscal year 2025 and per-share profit was $7.03, while first-quarter 2026 net income and per-share profit were lower than the prior-year quarter. At $15.06 on 2026-10-16, the price is near the low end of its $14.70-$18.47 range, but key valuation numbers are missing, so the data do not show whether it is cheap, fair, or expensive.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer