DTE Energy Company (DTE) to Distribute Quarterly Dividend of $1.17 on July 15th

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 22nd will be paid a dividend of 1.165 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 22nd.

DTE Energy has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. DTE Energy has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect DTE Energy to earn $8.33 per share next year, which means the company should continue to be able to cover its $4.66 annual dividend with an expected future payout ratio of 55.9%.

DTE Energy Trading Up 0.0%

DTE stock opened at $147.62 on Friday. DTE Energy has a 1-year low of $126.23 and a 1-year high of $154.63. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.22 and a beta of 0.39. The business has a 50 day simple moving average of $145.15 and a two-hundred day simple moving average of $140.70.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period last year, the business earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts anticipate that DTE Energy will post 7.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 target price on shares of DTE Energy in a research note on Monday. Wall Street Zen downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. JPMorgan Chase & Co. cut their price objective on DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. BMO Capital Markets reduced their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a report on Thursday, March 26th. Finally, Bank of America reiterated a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.67.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.