DTE Energy Company (DTE) to Issue Quarterly Dividend of $1.17 on April 15th

DTE Energy Company (NYSE:DTE) declared a quarterly dividend on Thursday, February 5th. Investors of record on Monday, March 16th will be paid a dividend of 1.165 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, March 16th.

DTE Energy has raised its dividend payment 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 dividend payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 1.3%

DTE Energy stock opened at $149.55 on Friday. The business’s 50-day moving average price is $139.64 and its 200 day moving average price is $137.20. The firm has a market cap of $31.08 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 1.93. DTE Energy has a 52 week low of $123.69 and a 52 week high of $154.63.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.13. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.During the same period in the prior year, the business posted $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current year.

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.