DTE Energy Co Announces Quarterly Dividend of $0.69 (DTE)
DTE Energy (NYSE:DTE) announced a quarterly dividend on Thursday, June 19th, Analyst Ratings News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.69 per share on Wednesday, October 15th. This represents a $2.76 annualized dividend and a dividend yield of 3.55%.
A number of analysts have recently weighed in on DTE shares. Analysts at Ned Davis Research upgraded shares of DTE Energy from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. On the ratings front, analysts at BMO Capital Markets raised their price target on shares of DTE Energy from $73.00 to $79.00 in a research note on Monday, April 28th. Finally, analysts at ISI Group raised their price target on shares of DTE Energy from $72.00 to $78.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.00.
Shares of DTE Energy (NYSE:DTE) traded up 1.08% on Thursday, hitting $77.67. 931,924 shares of the company’s stock traded hands. DTE Energy has a 52 week low of $63.38 and a 52 week high of $79.45. The stock has a 50-day moving average of $76.07 and a 200-day moving average of $71.50. The company has a market cap of $13.749 billion and a price-to-earnings ratio of 17.99.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Friday, April 25th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.41 by $0.46. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 56.2% on a year-over-year basis. On average, analysts predict that DTE Energy will post $4.42 earnings per share for the current fiscal year.
DTE Energy Company (NYSE:DTE) , is a diversified energy company.
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