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

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, May 7th. Investors of record on Monday, June 22nd will be given 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 by an average of 0.0%per year 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% 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 Performance

NYSE:DTE opened at $141.23 on Friday. The stock has a market cap of $29.38 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.41. The firm’s fifty day simple moving average is $146.92 and its 200 day simple moving average is $139.33. DTE Energy has a twelve month low of $126.23 and a twelve month 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.

DTE Energy (NYSE:DTE) last released its quarterly earnings results 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 company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same quarter last year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts predict that DTE Energy will post 7.71 EPS for the current year.

Hedge Funds Weigh In On DTE Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its position in DTE Energy by 5.0% during the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after buying an additional 5,658 shares during the period. Bogart Wealth LLC lifted its position in DTE Energy by 49,181.8% during the third quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock valued at $7,667,000 after buying an additional 54,100 shares during the period. Nordea Investment Management AB lifted its position in DTE Energy by 39.0% during the third quarter. Nordea Investment Management AB now owns 290,278 shares of the utilities provider’s stock valued at $40,987,000 after buying an additional 81,460 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of DTE Energy in the 3rd quarter worth about $1,348,000. Finally, TD Asset Management Inc raised its position in shares of DTE Energy by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock worth $34,042,000 after purchasing an additional 6,779 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.