DTE Energy Company (DTE) To Go Ex-Dividend on September 21st

DTE Energy Company (NYSE:DTE) declared 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) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, September 21st.

DTE Energy has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. DTE Energy has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 DTE opened at $147.62 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $30.71 billion, a PE ratio of 24.32, a PEG ratio of 3.22 and a beta of 0.39. The firm’s 50 day moving average price is $145.15 and its 200 day moving average price is $140.70. DTE Energy has a twelve month low of $126.23 and a twelve month high of $154.63.

DTE Energy (NYSE:DTE) last posted its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.During the same period in the prior year, the firm earned $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts expect that DTE Energy will post 7.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the completion of the sale, the vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantitative Investment Management LLC acquired a new stake in DTE Energy in the 3rd quarter worth $1,348,000. First Trust Advisors LP increased its stake in DTE Energy by 11.0% during the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock valued at $113,887,000 after acquiring an additional 79,956 shares during the period. Victory Capital Management Inc. increased its stake in DTE Energy by 1.3% during the third quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after acquiring an additional 4,590 shares during the period. TD Asset Management Inc raised its holdings in DTE Energy by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 240,696 shares of the utilities provider’s stock valued at $34,042,000 after acquiring an additional 6,779 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in DTE Energy by 58.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after acquiring an additional 24,071 shares in the last quarter. 76.06% of the stock is 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.