New York State Common Retirement Fund Has $14.56 Million Stake in DTE Energy Company $DTE

New York State Common Retirement Fund reduced its position in DTE Energy Company (NYSE:DTE) by 20.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 102,915 shares of the utilities provider’s stock after selling 27,200 shares during the period. New York State Common Retirement Fund’s holdings in DTE Energy were worth $14,555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of DTE Energy by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,964,872 shares of the utilities provider’s stock worth $3,439,307,000 after acquiring an additional 1,042,589 shares during the period. Raymond James Financial Inc. lifted its holdings in DTE Energy by 176.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after purchasing an additional 648,007 shares during the last quarter. State Street Corp boosted its position in DTE Energy by 2.2% during the second quarter. State Street Corp now owns 10,558,531 shares of the utilities provider’s stock worth $1,409,833,000 after purchasing an additional 222,353 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of DTE Energy by 18.8% in the second quarter. Panagora Asset Management Inc. now owns 1,186,434 shares of the utilities provider’s stock valued at $157,155,000 after purchasing an additional 187,875 shares during the last quarter. Finally, Amundi raised its position in shares of DTE Energy by 60.0% in the second quarter. Amundi now owns 459,672 shares of the utilities provider’s stock valued at $60,070,000 after purchasing an additional 172,363 shares during the period. Institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE stock opened at $132.90 on Tuesday. The business has a fifty day simple moving average of $131.92 and a 200 day simple moving average of $136.13. The company has a market cap of $27.60 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.47 and a beta of 0.49. The company has a quick ratio of 0.68, a current ratio of 1.15 and a debt-to-equity ratio of 2.01. DTE Energy Company has a twelve month low of $118.20 and a twelve month high of $143.79.

DTE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, December 15th. This is a positive change from DTE Energy’s previous quarterly dividend of $1.09. DTE Energy’s dividend payout ratio is currently 69.97%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DTE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, January 21st. UBS Group decreased their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. BMO Capital Markets dropped their price target on DTE Energy from $151.00 to $148.00 and set a “market perform” rating for the company in a report on Wednesday, December 24th. JPMorgan Chase & Co. decreased their price objective on DTE Energy from $151.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Finally, Scotiabank dropped their target price on DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.69.

DTE Energy Profile

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.