DTE Energy Holding Stock To Go Ex-dividend Tomorrow (DTE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- The ex-dividend date for DTE Energy Holding Company (NYSE:DTE) is tomorrow, September 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $59.65 as of 9:30 a.m. ET, the dividend yield is 4.2%.

The average volume for DTE Energy Holding has been 728,800 shares per day over the past 30 days. DTE Energy Holding has a market cap of $10.22 billion and is part of the utilities sector and utilities industry. Shares are up 9.2% year to date as of the close of trading on Tuesday.

DTE Energy Company, together with its subsidiaries, operates as an electric and natural gas utility company in Michigan. The company's Energy Utility segment engages in the generation, purchase, distribution, and sale of electricity in southeastern Michigan. The company has a P/E ratio of 16, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates DTE Energy Holding as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DTE Energy Holding Ratings Report.

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