DTE vs CMS Stock Comparison: AI Score, Valuation, Performance and Upside
DTE Energy and CMS Energy are both major Michigan-based regulated utilities, but DTE Energy maintains some non-utility business diversification through energy trading and industrial services, while CMS Energy has emphasized an almost entirely regulated utility earnings structure with a long track record of meeting earnings guidance.
DTE offers some earnings diversification through non-utility businesses alongside its regulated utility, while CMS offers a more purely regulated, predictable earnings model. The decision depends on whether you prefer diversification or the predictability of a nearly fully regulated utility structure.
CMS holds the edge across 3 of 5 key metrics in this comparison. CMS has delivered stronger 1-year price return (-7.42% vs -7.57%), though DTE has the better forward P/E setup (15.52x vs 16.41x for CMS). CMS leads on both revenue growth (-0.50%) and operating margin (17.17%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies similar upside for both: +15.76% for DTE and +16.67% for CMS.
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to a Michigan utility with some non-utility business diversification
- Value energy trading and industrial services as a complementary earnings stream
- Believe grid modernization investment supports long-term rate base growth
- Are comfortable with somewhat more earnings variability than a purely regulated utility
- Prefer a nearly fully regulated utility earnings structure for greater predictability
- Value a long track record of consistently meeting or exceeding earnings guidance
- Want concentrated management focus on a single Michigan service territory
- Prioritize earnings consistency over business line diversification
| Metric | DTE | CMS |
|---|---|---|
| AI scorei | 41.5 | 41.4 |
| AI ranki | #997 | #1007 |
| Latest closei | $131.89 | $69.58 |
| 1M returni | +7.32% | +10.18% |
| 3M returni | -11.76% | -6.85% |
| 6M returni | -10.21% | -8.77% |
| 1Y returni | -7.57% | -7.42% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | DTE | CMS |
|---|---|---|
| 1Y ago | $9.32K (-6.8%) started 2025-10-23 | $9.33K (-6.7%) started 2025-10-23 |
| 5Y ago | $14.47K (+44.7%) started 2021-10-25 | $14.69K (+46.9%) started 2021-10-25 |
| 10Y ago | $30.43K (+204.3%) started 2016-10-24 | $29.26K (+192.6%) started 2016-10-24 |
Hypothetical — past performance does not guarantee future results.
| Metric | DTE | CMS |
|---|---|---|
| Market capi | $27B | $21.39B |
| Trailing P/Ei | 20.56 | 20.55 |
| Forward P/Ei | 15.52 | 16.41 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 3.33 | 4.69 |
| Analyst targeti | $150.18 | $79.58 |
| Target upsidei | +15.76% | +16.67% |
| Metric | DTE | CMS |
|---|---|---|
| Revenue growthi | -1.50% | -0.50% |
| Earnings growthi | 22.40% | -43.90% |
| EPS growthi | +22.40% | -43.90% |
| FCF margini | -15.77% | -24.95% |
| Operating margini | 13.62% | 17.17% |
| Profit margini | 8.00% | 11.64% |
| ROIC proxyi | 11.03% | 9.16% |
| Return on equityi | 11.03% | 9.16% |
| Dividend yieldi | 3.59% | 3.34% |
| Payout ratioi | 72.66% | 66.82% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.38 | 0.34 |
| Debt/equityi | 229.06 | 185.60 |
| Current ratioi | 0.80 | 0.94 |
| Quick ratioi | 0.40 | 0.41 |
Over the past year, DTE and CMS have moved strongly in the same direction (correlation of 0.86), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | DTE | CMS |
|---|---|---|---|
| 1Y | Growthi | -6.82% | -6.68% |
| CAGRi | -6.83% | -6.69% | |
| Volatilityi | 17.78% | 17.58% | |
| Sharpe ratioi | -0.56 | -0.56 | |
| Sortino ratioi | -0.77 | -0.76 | |
| Max drawdowni | 21.76% | 21.69% | |
| Current drawdowni | 14.60% | 12.96% | |
| Avg drawdowni | 6.46% | 7.21% | |
| Ulcer Indexi | 8.38% | 9.13% | |
| Max daily dropi | 3.79% | 3.91% | |
| Max wkly dropi | 7.10% | 5.77% | |
| 5Y | Growthi | +28.03% | +29.84% |
| CAGRi | +5.07% | +5.37% | |
| Volatilityi | 19.08% | 19.09% | |
| Sharpe ratioi | 0.12 | 0.13 | |
| Sortino ratioi | 0.17 | 0.19 | |
| Max drawdowni | 28.92% | 28.04% | |
| Current drawdowni | 14.60% | 12.96% | |
| Avg drawdowni | 9.41% | 9.01% | |
| Ulcer Indexi | 12.03% | 11.28% | |
| Max daily dropi | 5.51% | 4.78% | |
| Max wkly dropi | 11.28% | 12.95% | |
| 10Y | Growthi | +120.43% | +117.99% |
| CAGRi | +8.23% | +8.11% | |
| Volatilityi | 22.36% | 20.75% | |
| Sharpe ratioi | 0.27 | 0.26 | |
| Sortino ratioi | 0.37 | 0.37 | |
| Max drawdowni | 42.45% | 29.55% | |
| Current drawdowni | 14.60% | 12.96% | |
| Avg drawdowni | 7.60% | 7.42% | |
| Ulcer Indexi | 10.50% | 9.71% | |
| Max daily dropi | 13.91% | 12.29% | |
| Max wkly dropi | 25.21% | 20.66% |
| Category | DTE | CMS |
|---|---|---|
| Company | DTE Energy Company | CMS Energy Corporation |
| Sector | Utilities | Utilities |
| Industry | Utilities - Regulated Electric | Utilities - Regulated Electric |
| Core business | A diversified energy holding company operating regulated electric and natural gas utilities in Michigan, alongside non-utility businesses including energy trading and industrial energy services. | A regulated electric and natural gas utility holding company serving customers across Michigan, with a stated long-term goal of operating with an almost entirely regulated utility earnings structure. |
| Investor focus | Regulated Michigan utility rate base growth and clean energy investment plans, non-utility segment earnings contribution, and regulatory relationship quality with Michigan regulators. | Regulated rate base growth and clean energy transition investment in Michigan, EPS growth guidance consistency, and regulatory relationship quality with Michigan regulators. |
- Established regulated electric and natural gas utility operations in Michigan provide a stable core earnings base
- Non-utility businesses, including energy trading and industrial services, provide some earnings diversification beyond the regulated utility
- Ongoing investment in grid modernization and clean energy generation supports visible long-term rate base growth
- Emphasis on an almost entirely regulated utility earnings structure provides more predictable and lower-risk earnings than diversified holding companies
- Long track record of meeting or exceeding earnings guidance has built consistent investor confidence over many years
- Focused Michigan service territory allows for concentrated management attention on regulatory relationships and infrastructure investment
- Regulatory relationships with Michigan regulators require consistent management to support timely and adequate rate case outcomes
- Non-utility business segments introduce earnings variability that is less predictable than fully regulated operations
- Grid reliability challenges, particularly during severe weather events, require sustained infrastructure investment
- Concentrated Michigan service territory provides less geographic diversification than utilities operating across multiple states
- Continued reliance on constructive regulatory relationships to support planned clean energy transition investment
- Severe weather events in the Midwest can create periodic reliability and cost challenges for grid infrastructure
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