DTE Energy (DTE) Could Be a Great Choice

Company Overview - DTE Energy is based in Detroit and operates in the Utilities sector, with a year-to-date share price change of 7.88% [3] - The company currently pays a dividend of $1.09 per share, resulting in a dividend yield of 3.35%, which is higher than the Utility - Electric Power industry's yield of 3.3% and the S&P 500's yield of 1.53% [3] Dividend Performance - DTE Energy's annualized dividend of $4.36 has increased by 5.1% from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 1.80% [4] - The current payout ratio is 60%, indicating that the company distributes 60% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for DTE Energy's earnings in 2025 is $7.21 per share, reflecting an expected increase of 5.56% from the previous year [5] - The company is viewed as a strong dividend investment opportunity, particularly due to its solid earnings growth prospects [6] Investment Considerations - DTE Energy is considered a compelling investment option for income investors, especially given its strong dividend profile and current Zacks Rank of 3 (Hold) [6]