DTE Energy (NYSE:DTE) issued its quarterly earnings data on Friday. The utilities provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07, Bloomberg Earnings reports. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. During the same period in the prior year, the business earned $0.81 earnings per share. DTE Energy updated its FY18 guidance to $5.57-5.99 EPS.
DTE Energy (NYSE:DTE) opened at $105.22 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 1.20. DTE Energy has a 1-year low of $97.59 and a 1-year high of $116.74. The stock has a market cap of $18,875.42, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.14.
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, March 19th will be issued a $0.8825 dividend. This represents a $3.53 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, March 16th. DTE Energy’s dividend payout ratio is currently 64.65%.
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About DTE Energy
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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