DTE Energy Company $DTE Position Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in DTE Energy Company (NYSE:DTE) by 57.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,766 shares of the utilities provider’s stock after purchasing an additional 106,831 shares during the quarter. Teacher Retirement System of Texas’ holdings in DTE Energy were worth $41,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Salomon & Ludwin LLC increased its stake in DTE Energy by 29.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider’s stock valued at $43,000 after buying an additional 70 shares during the period. Keybank National Association OH grew its holdings in shares of DTE Energy by 1.6% during the 2nd quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock valued at $599,000 after acquiring an additional 72 shares in the last quarter. Atria Investments Inc increased its stake in shares of DTE Energy by 0.6% in the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock worth $1,504,000 after acquiring an additional 72 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of DTE Energy by 2.0% during the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider’s stock worth $529,000 after acquiring an additional 73 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in DTE Energy by 1.4% during the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 75 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DTE has been the subject of a number of recent research reports. Barclays cut their price target on DTE Energy from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $142.00 price objective on shares of DTE Energy in a research report on Wednesday. Bank of America boosted their target price on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.67.

DTE Energy Trading Down 0.7%

Shares of DTE stock opened at $134.22 on Friday. DTE Energy Company has a 12 month low of $117.56 and a 12 month high of $143.79. The company has a market cap of $27.88 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.48 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. The business’s 50 day moving average is $132.06 and its two-hundred day moving average is $136.01.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. DTE Energy had a net margin of 9.34% and a return on equity of 12.63%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the firm earned $2.22 EPS. 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. Equities analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

DTE Energy Increases Dividend

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

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.