Quarterly Dividend of $0.62 Declared by DTE Energy Co (DTE)
DTE Energy (NYSE:DTE) declared a quarterly dividend on Friday, December 7th. Stockholders of record on Wednesday, December 19th will be given a dividend of $0.62 per share on Tuesday, January 15th. This represents a $2.48 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Monday, December 17th.
DTE has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of DTE Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 30th. They now have a $74.00 price target on the stock. On a related note, analysts at Macquarie reiterated an “outperform” rating on shares of DTE Energy in a research note to investors on Thursday, October 25th. They now have a $63.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “equalweight” rating on shares of DTE Energy in a research note to investors on Wednesday, October 24th. They now have a $62.00 price target on the stock.
DTE Energy (DTE) traded down 0.25% on Friday, hitting $61.05. DTE Energy (DTE) has a 52-week low of $51.31 and a 52-week high of $62.56. The company has a market cap of $10.505 billion and a price-to-earnings ratio of 15.45.
DTE Energy last issued its quarterly earnings data on Wednesday, October 24th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.18. DTE Energy’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that DTE Energy (DTE) will post $3.92 earnings per share for the current fiscal year.
DTE Energy Company (DTE Energy) is engaged in energy business. The Company’s utility operations consist of The Detroit Edison Company (Detroit Edison) and Michigan Consolidated Gas Company (MichCon).
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