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

California Public Employees Retirement System lowered its holdings in shares of DTE Energy Company (NYSE:DTE) by 17.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 646,256 shares of the utilities provider’s stock after selling 137,604 shares during the period. California Public Employees Retirement System’s holdings in DTE Energy were worth $91,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. increased its stake in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after purchasing an additional 602,602 shares in the last quarter. Creative Planning lifted its holdings in shares of DTE Energy by 7.6% during the third quarter. Creative Planning now owns 80,506 shares of the utilities provider’s stock valued at $11,386,000 after purchasing an additional 5,665 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of DTE Energy by 275.9% in the 3rd quarter. Lazard Asset Management LLC now owns 22,310 shares of the utilities provider’s stock worth $3,155,000 after purchasing an additional 16,375 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of DTE Energy by 17.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,269,988 shares of the utilities provider’s stock worth $179,615,000 after buying an additional 190,937 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of DTE Energy in the 3rd quarter worth approximately $8,667,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Performance

DTE stock opened at $149.39 on Tuesday. The stock’s 50 day simple moving average is $140.05 and its 200 day simple moving average is $137.27. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy Company has a 12-month low of $123.69 and a 12-month high of $154.63. The stock has a market capitalization of $31.08 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.75 and a beta of 0.47.

DTE Energy (NYSE:DTE) last posted its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $1.165 dividend. This represents a $4.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DTE. JPMorgan Chase & Co. lowered their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Mizuho increased their target price on DTE Energy from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised their price target on DTE Energy from $150.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price target on shares of DTE Energy in a research report on Friday, February 20th. Finally, Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.31.

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.