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, June 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $67.37 as of 9:31 a.m. ET, the dividend yield is 3.9%.

The average volume for DTE Energy Holding has been 1.1 million shares per day over the past 30 days. DTE Energy Holding has a market cap of $11.68 billion and is part of the utilities sector and utilities industry. Shares are up 11.6% year to date as of the close of trading on Tuesday.

DTE Energy Company, together with its subsidiaries, operates as an energy company. The company's Electric segment engages in the generation, purchase, distribution, and sale of electricity to approximately 2.1 million residential, commercial, and industrial customers in southeastern Michigan. The company has a P/E ratio of 15.6, 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 revenue growth, increase in net income, attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DTE Energy Holding Ratings Report.

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