DTE Energy Co. Declares Quarterly Dividend of $0.66 (DTE)
DTE Energy (NYSE:DTE) announced a quarterly dividend on Thursday, February 6th, American Banking News reports. Investors of record on Monday, March 17th will be paid a dividend of 0.655 per share on Tuesday, April 15th. This represents a $2.62 annualized dividend and a dividend yield of 3.88%.
A number of research firms have recently commented on DTE. Analysts at Edward Jones upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 9th. On the ratings front, analysts at Barclays cut their price target on shares of DTE Energy from $72.00 to $66.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $63.89.
DTE Energy (NYSE:DTE) traded up 0.79% on Thursday, hitting $67.58. 817,479 shares of the company’s stock traded hands. DTE Energy has a 52 week low of $63.38 and a 52 week high of $73.32. The stock’s 50-day moving average is $66.25 and its 200-day moving average is $67.45. The company has a market cap of $11.948 billion and a price-to-earnings ratio of 18.87.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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