Dividend Overview
Dividend Yield
2.83%
Dividend / Share
$4.19
DTE Energy Company
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.4 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress.
Did you know?
Pays a 2.83% dividend yield.
Current Price
$148.04
+0.63%GoodMoat Value
$114.45
22.7% overvaluedProfile
Valuation (TTM)
Market Cap$30.75B
P/E21.03
EV$55.45B
P/B2.50
Shares Out207.68M
P/Sales1.94
Revenue$15.81B
EV/EBITDA12.74
DTE Energy Company (DTE) Dividends
GoodMoat Analysis
The dividend profile for DTE Energy is unfavourable from a value investing perspective. While the 2.92% yield is competitive, its sustainability is questionable due to a negative free cash flow yield and a highly leveraged balance sheet, which fails key quality checks in the investment framework.
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For an income-focused investor, DTE Energy's dividend presents significant sustainability concerns when analyzed through the GoodMoat quality framework. The current yield of 2.92% is in line with the broader utilities sector, but the underlying financials are weak. Crucially, the company exhibits a negative free cash flow (FCF) yield of -3.3%, meaning its operations are not generating the cash needed to cover the dividend payout after capital expenditures. This directly contradicts the framework's quality indicator for strong, positive FCF conversion. Furthermore, the balance sheet is heavily leveraged with a Debt/Equity ratio of 2.14, far exceeding the framework's favourable threshold of low debt (Debt/EBITDA < 1.0x). This high debt load increases financial risk and limits flexibility. While the company has a history of dividend growth, the payout is currently supported by borrowing and internal financing rather than organic cash generation. The combination of negative FCF and high leverage creates a fragile foundation for the dividend, making it vulnerable to economic stress or rising interest rates. For a value investor prioritizing safety of income, these quality metrics are a major red flag. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$30.75B
P/E Ratio
21.03
Forward P/E
—
EPS
$7.03
PEG Ratio
0.80
Book Value
$59.24
Dividend Yield
2.83%
Profit Margin
9.24%
ROE
11.88%
Dividend History
Dividend Safety
DTE Dividend Analysis
DTE Energy Company (DTE) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 2.83%. The annual dividend per share is $4.19.
P/E ratio: 21.03. Profit margin: 9.24%. Free cash flow: $-988.00M. This page shows DTE Energy Company's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported DTE Energy Company's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.