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

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, May 7th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 22nd.

DTE Energy has increased 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 payout ratio of 60.2% indicating that 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

Shares of DTE traded down $0.97 on Friday, reaching $141.03. 142,252 shares of the stock traded hands, compared to its average volume of 1,448,509. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 3.11 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy has a 12 month low of $126.23 and a 12 month high of $154.63. The stock’s 50-day moving average price is $146.92 and its 200-day moving average price is $139.33.

DTE Energy (NYSE:DTE) last released 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 firm had revenue of $5.14 billion for 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 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. Equities analysts forecast that DTE Energy will post 7.71 EPS for the current fiscal year.

Institutional Trading of DTE Energy

A number of large investors have recently bought and sold shares of DTE. Empowered Funds LLC boosted its stake in DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock worth $1,370,000 after purchasing an additional 6,614 shares in the last quarter. Woodline Partners LP boosted its stake in DTE Energy by 40.8% in the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares in the last quarter. Intech Investment Management LLC boosted its stake in DTE Energy by 6.5% in the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after purchasing an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in DTE Energy in the second quarter worth $203,000. Finally, Jump Financial LLC boosted its stake in DTE Energy by 154.5% in the second quarter. Jump Financial LLC now owns 12,677 shares of the utilities provider’s stock worth $1,679,000 after purchasing an additional 7,696 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

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.