California State Teachers Retirement System Has $35.30 Million Holdings in DTE Energy Company $DTE

California State Teachers Retirement System cut its holdings in DTE Energy Company (NYSE:DTE) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,448 shares of the utilities provider’s stock after selling 6,963 shares during the period. California State Teachers Retirement System owned approximately 0.12% of DTE Energy worth $35,305,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of DTE Energy by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock worth $3,392,888,000 after buying an additional 766,499 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of DTE Energy by 3.1% during the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider’s stock worth $1,605,539,000 after acquiring an additional 379,443 shares in the last quarter. State Street Corp increased its holdings in shares of DTE Energy by 2.5% during the 4th quarter. State Street Corp now owns 11,078,346 shares of the utilities provider’s stock valued at $1,441,776,000 after acquiring an additional 272,068 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DTE Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider’s stock valued at $718,668,000 after acquiring an additional 117,322 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of DTE Energy by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 3,044,198 shares of the utilities provider’s stock valued at $392,641,000 after acquiring an additional 65,080 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

NYSE DTE opened at $141.94 on Friday. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $155.74. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.69 and a current ratio of 0.80. The stock has a market capitalization of $29.54 billion, a PE ratio of 22.46, a P/E/G ratio of 3.09 and a beta of 0.38. The stock has a 50-day simple moving average of $147.60 and a 200 day simple moving average of $144.78.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.18. The firm had revenue of $6.74 billion during the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same quarter in the prior year, the company earned $1.36 EPS. Research analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, September 21st will be paid a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a dividend yield of 3.3%. DTE Energy’s dividend payout ratio (DPR) is presently 73.73%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DTE shares. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Morgan Stanley reiterated an “overweight” rating on shares of DTE Energy in a report on Wednesday, July 22nd. Jefferies Financial Group set a $172.00 price target on shares of DTE Energy in a research report on Thursday, July 9th. TD Cowen began coverage on shares of DTE Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $166.00 price objective for the company. Finally, Barclays decreased their price objective on shares of DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, DTE Energy presently has a consensus rating of “Moderate Buy” and an average price target of $158.46.

Insider Transactions at DTE Energy

In related news, VP Lisa A. Muschong sold 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $143.72, for a total transaction of $143,720.00. Following the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.