DTE Energy Company (NYSE:DTE) to Issue Quarterly Dividend of $1.17

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, June 18th. Investors of record on Monday, September 21st will be given a dividend of 1.165 per share by the utilities provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st.

DTE Energy has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 16 years. DTE Energy has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 0.3%

NYSE:DTE opened at $147.62 on Friday. The stock has a market capitalization of $30.71 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.21 and a beta of 0.39. DTE Energy has a 52 week low of $126.23 and a 52 week high of $154.63. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a 50 day moving average of $145.17 and a 200 day moving average of $140.66.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the firm posted $2.10 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 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DTE has been the topic of a number of research analyst reports. Morgan Stanley set a $146.00 price target on DTE Energy in a research note on Thursday, May 21st. Wall Street Zen cut shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Sunday, May 3rd. Mizuho set a $165.00 price objective on shares of DTE Energy in a report on Friday, May 1st. Bank of America reissued a “buy” rating on shares of DTE Energy in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets reduced their target price on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.67.

About DTE Energy

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.