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

DTE Energy Company (NYSE:DTE) declared a quarterly dividend on Thursday, June 18th. Investors of record on Monday, September 21st will be paid 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 dividend 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%per year over the last three years and has raised its dividend every year for the last 16 years. DTE Energy has a payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:DTE opened at $147.62 on Friday. The company has a market capitalization of $30.71 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 3.21 and a beta of 0.39. The company’s 50-day moving average is $145.17 and its 200 day moving average is $140.66. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. DTE Energy has a fifty-two week low of $126.23 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last posted 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 return on equity of 12.37% and a net margin of 7.65%.During the same quarter last year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts forecast that DTE Energy will post 7.71 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.