DTE Energy Company (DTE) To Go Ex-Dividend on June 22nd

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, May 7th. Shareholders 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 3.3%. The ex-dividend date of this dividend is Monday, June 22nd.

DTE Energy has raised 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 $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 Stock Down 1.0%

Shares of NYSE:DTE opened at $140.56 on Friday. The stock has a market cap of $29.24 billion, a P/E ratio of 23.16, a PEG ratio of 3.10 and a beta of 0.41. 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 business has a fifty day moving average of $146.92 and a two-hundred day moving average of $139.33.

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

Analyst Ratings Changes

DTE has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on DTE Energy from $157.00 to $148.00 and set a “market perform” rating for the company in a research report on Thursday, March 26th. Wall Street Zen lowered DTE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, May 3rd. Argus upgraded DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $170.00 price objective on shares of DTE Energy in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $160.00 price objective on shares of DTE Energy in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.75.

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.