DTE Energy Company (DTE) vs WEC Energy Group, Inc. (WEC)

DTE Energy Company and WEC Energy Group, Inc. are both Utilities Regulated Electric companies. WEC Energy Group, Inc. is the larger, with a market value of $32.9B against $25.2B — 1.3× the size. DTE Energy Company trades at the lower P/E: 19.1× against 19.5×. DTE Energy Company grew revenue faster over the last twelve months: 15.9% against 8.93%. WEC Energy Group, Inc. has the higher net margin (16.7% vs 8.00%) and the higher return on invested capital (3.86% vs 3.46%). Both pay a dividend; WEC Energy Group, Inc. yields more (4.31% vs 3.94%). Across the 22 metrics below, DTE Energy Company leads on 11 and WEC Energy Group, Inc. on 11.

Valuation

Metric DTE WEC Utilities Regulated Electric median
P/E 19.13 19.51 18.84
P/S 1.53 3.26 2.52
P/B 2.08 2.27 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 12.66 14.62 11.82
EV/Sales 3.20 5.52 4.58
Earnings yield 5.23% 5.13% 5.30%
Free cash flow yield (7.61%) (4.60%) (5.06%)

Profitability

Metric DTE WEC Utilities Regulated Electric median
Gross margin 44.43% 65.71% 66.28%
Operating margin 13.32% 22.84% 21.79%
Net margin 8.00% 16.69% 12.94%
Free cash flow margin (11.66%) (14.99%) (11.51%)
Return on equity 11.03% 12.00% 9.75%
Return on assets 2.47% 3.34% 2.75%
Return on invested capital 3.46% 3.86% 3.87%

Growth

Metric DTE WEC Utilities Regulated Electric median
Revenue growth (TTM) 15.94% 8.93% 7.43%
EPS growth (last fiscal year) 3.84% (0.41%) —
Revenue growth, 5-year CAGR 6.72% 6.24% 6.75%
Net income growth, 5-year CAGR 1.34% 5.36% 6.44%

Health

Metric DTE WEC Utilities Regulated Electric median
Debt to equity 2.27 1.58 1.53
Current ratio 0.80 0.53 0.81
Net debt to EBITDA 6.02 5.99 5.25

Dividend

Metric DTE WEC Utilities Regulated Electric median
Dividend yield 3.94% 4.31% 4.33%
Payout ratio 0.58 0.71 0.66

Size

Metric DTE WEC Utilities Regulated Electric median
Market cap 25.22b 32.88b 22.90b

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