DTE Energy Company (DTE) To Go Ex-Dividend on December 15th

DTE Energy Company (NYSE:DTE) declared a quarterly dividend on Tuesday, December 2nd. Stockholders of record on Monday, December 15th will be paid a dividend of 1.165 per share by the utilities provider on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, December 15th. This is a 6.9% increase from DTE Energy’s previous quarterly dividend of $1.09.

DTE Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 16 years. DTE Energy has a dividend payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Analysts expect DTE Energy to earn $7.70 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 60.5%.

DTE Energy Trading Down 0.7%

Shares of DTE Energy stock traded down $0.93 during trading on Friday, reaching $129.82. 1,779,975 shares of the stock were exchanged, compared to its average volume of 1,319,554. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. DTE Energy has a 1 year low of $116.30 and a 1 year high of $143.79. The stock’s fifty day moving average is $137.23 and its 200 day moving average is $136.53.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the business earned $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts expect that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.