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

DTE Energy Company (NYSE:DTE) announced a quarterly dividend on Thursday, June 18th. Investors of record on Monday, September 21st will be given a dividend of 1.165 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, September 21st.

DTE Energy has increased its dividend payment by an average of 0.0%annually 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% 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

NYSE DTE opened at $147.62 on Friday. The company has a market cap of $30.71 billion, a P/E ratio of 24.32, a PEG ratio of 3.21 and a beta of 0.39. The company has a fifty day simple moving average of $145.17 and a 200 day simple moving average of $140.66. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. DTE Energy has a 12-month low of $126.23 and a 12-month high of $154.63.

DTE Energy (NYSE:DTE) last released 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). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the company posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts predict that DTE Energy will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the sale, the vice president owned 6,233 shares in the company, valued at $895,806.76. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LFG Wealth Partners LLC lifted its position in shares of DTE Energy by 3.2% during the 1st quarter. LFG Wealth Partners LLC now owns 5,474 shares of the utilities provider’s stock worth $800,000 after buying an additional 172 shares in the last quarter. DV Trading LLC grew its holdings in shares of DTE Energy by 433.3% in the first quarter. DV Trading LLC now owns 1,600 shares of the utilities provider’s stock valued at $234,000 after acquiring an additional 1,300 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of DTE Energy by 33.2% in the first quarter. Parallel Advisors LLC now owns 2,916 shares of the utilities provider’s stock valued at $426,000 after acquiring an additional 727 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of DTE Energy during the first quarter valued at approximately $36,000. Finally, Foguth Wealth Management LLC. increased its position in shares of DTE Energy by 2.9% during the first quarter. Foguth Wealth Management LLC. now owns 5,111 shares of the utilities provider’s stock valued at $730,000 after acquiring an additional 146 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other 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.