New York State Teachers Retirement System Sells 25,619 Shares of DTE Energy Company $DTE

New York State Teachers Retirement System trimmed its position in shares of DTE Energy Company (NYSE:DTE) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,239 shares of the utilities provider’s stock after selling 25,619 shares during the period. New York State Teachers Retirement System owned 0.08% of DTE Energy worth $24,077,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new stake in DTE Energy in the 2nd quarter worth $25,000. Clean Yield Group purchased a new stake in DTE Energy in the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new position in DTE Energy during the third quarter valued at approximately $28,000. Capital A Wealth Management LLC boosted its position in shares of DTE Energy by 5,775.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 235 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 231 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in DTE Energy in the second quarter worth about $32,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of DTE stock opened at $130.27 on Tuesday. DTE Energy Company has a twelve month low of $116.30 and a twelve month high of $143.79. The company has a current ratio of 1.15, a quick ratio of 0.68 and a debt-to-equity ratio of 2.01. The stock has a fifty day simple moving average of $132.42 and a two-hundred day simple moving average of $135.86. The stock has a market capitalization of $27.05 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.38 and a beta of 0.49.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.15. DTE Energy had a return on equity of 12.63% and a net margin of 9.34%.The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the company posted $2.22 earnings per share. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS and its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts predict that DTE Energy Company will post 7.18 EPS for the current fiscal year.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.165 per share. This is a boost from DTE Energy’s previous quarterly dividend of $1.09. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, December 15th. DTE Energy’s payout ratio is 69.97%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of DTE Energy from $147.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. UBS Group dropped their target price on DTE Energy from $155.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. BMO Capital Markets cut their target price on DTE Energy from $151.00 to $148.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 24th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company upgraded DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and an average target price of $148.33.

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.