California Public Employees Retirement System Lowers Position in DTE Energy Company $DTE

California Public Employees Retirement System reduced its position in shares of DTE Energy Company (NYSE:DTE) by 18.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 783,860 shares of the utilities provider’s stock after selling 175,404 shares during the period. California Public Employees Retirement System owned approximately 0.38% of DTE Energy worth $103,830,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Keybank National Association OH lifted its holdings in shares of DTE Energy by 1.6% in the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after buying an additional 72 shares during the period. Atria Investments Inc grew its holdings in DTE Energy by 0.6% during the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 72 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in DTE Energy by 1.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock worth $929,000 after acquiring an additional 82 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in DTE Energy by 5.1% in the second quarter. Crestwood Advisors Group LLC now owns 1,767 shares of the utilities provider’s stock valued at $234,000 after acquiring an additional 86 shares during the period. Finally, Financial Advisors Network Inc. boosted its position in shares of DTE Energy by 3.1% during the 1st quarter. Financial Advisors Network Inc. now owns 2,994 shares of the utilities provider’s stock worth $414,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DTE. Weiss Ratings reiterated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. BMO Capital Markets increased their target price on shares of DTE Energy from $140.00 to $144.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Scotiabank decreased their price target on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $149.00 target price on shares of DTE Energy in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.17.

DTE Energy Price Performance

DTE stock opened at $129.94 on Tuesday. The stock’s 50 day moving average price is $138.02 and its 200 day moving average price is $136.71. The firm has a market cap of $26.99 billion, a P/E ratio of 19.51, a PEG ratio of 2.57 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15. DTE Energy Company has a 1 year low of $116.30 and a 1 year high of $143.79.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the business posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. On average, sell-side analysts expect that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be issued a $1.165 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, December 15th. This represents a $4.66 dividend on an annualized basis and a yield of 3.6%. DTE Energy’s payout ratio is currently 65.47%.

DTE Energy Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.