California Public Employees Retirement System Decreases Holdings in DTE Energy Company $DTE

California Public Employees Retirement System trimmed its holdings in DTE Energy Company (NYSE:DTE) by 17.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 646,256 shares of the utilities provider’s stock after selling 137,604 shares during the quarter. California Public Employees Retirement System owned 0.31% of DTE Energy worth $91,400,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC boosted its position in DTE Energy by 5.0% during the third quarter. AE Wealth Management LLC now owns 118,521 shares of the utilities provider’s stock valued at $16,762,000 after buying an additional 5,658 shares during the period. CWM LLC increased its holdings in shares of DTE Energy by 50.5% in the third quarter. CWM LLC now owns 35,893 shares of the utilities provider’s stock worth $5,076,000 after buying an additional 12,045 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of DTE Energy in the third quarter worth about $16,723,000. Bogart Wealth LLC lifted its stake in shares of DTE Energy by 49,181.8% in the 3rd quarter. Bogart Wealth LLC now owns 54,210 shares of the utilities provider’s stock valued at $7,667,000 after acquiring an additional 54,100 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of DTE Energy in the 2nd quarter valued at about $15,277,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $153.00 price target on shares of DTE Energy in a research report on Friday, February 20th. 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 report on Thursday, December 11th. Mizuho increased their price objective on DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. BMO Capital Markets restated a “market perform” rating and issued a $157.00 target price on shares of DTE Energy in a report on Thursday, February 19th. Finally, Barclays decreased their target price on shares of DTE Energy from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.31.

DTE Energy Stock Performance

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

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

DTE Energy Dividend Announcement

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

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.