California Public Employees Retirement System Sells 69,208 Shares of DTE Energy Company $DTE

California Public Employees Retirement System trimmed its position in DTE Energy Company (NYSE:DTE) by 12.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 481,352 shares of the utilities provider’s stock after selling 69,208 shares during the period. California Public Employees Retirement System’s holdings in DTE Energy were worth $70,383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Laurel Wealth Advisors LLC purchased a new stake in DTE Energy during the 4th quarter valued at $25,000. Quest 10 Wealth Builders Inc. increased its position in shares of DTE Energy by 754.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 205 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 181 shares during the period. Torren Management LLC bought a new position in shares of DTE Energy during the fourth quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in shares of DTE Energy during the fourth quarter valued at about $29,000. Finally, Key Financial Inc purchased a new stake in shares of DTE Energy during the first quarter worth about $29,000. 76.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DTE. Mizuho set a $165.00 target price on DTE Energy in a research note on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $150.00 price target on shares of DTE Energy in a research report on Wednesday, June 24th. Truist Financial dropped their price objective on DTE Energy from $165.00 to $158.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and issued a $165.00 price objective on shares of DTE Energy in a report on Monday, June 15th. Finally, Barclays cut their price objective on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.69.

DTE Energy Stock Down 0.0%

Shares of NYSE DTE opened at $148.12 on Monday. The firm has a fifty day simple moving average of $147.00 and a two-hundred day simple moving average of $143.74. DTE Energy Company has a 12 month low of $126.23 and a 12 month high of $155.74. The company has a current ratio of 0.95, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $30.81 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.24 and a beta of 0.38.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the firm posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Equities analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be issued a $1.165 dividend. The ex-dividend date is Monday, September 21st. This represents a $4.66 annualized dividend and a yield of 3.1%. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insiders Place Their Bets

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total transaction of $143,720.00. Following the sale, the vice president directly owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. The trade was a 13.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

DTE Energy Company 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.