DTE Energy Holding Stock To Go Ex-dividend Monday (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 Monday, December 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $60.95 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for DTE Energy Holding has been 674,700 shares per day over the past 30 days. DTE Energy Holding has a market cap of $10.59 billion and is part of the utilities sector and utilities industry. Shares are up 13% year to date as of the close of trading on Thursday.

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 15.5, 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 solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full DTE Energy Holding Ratings Report.

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