Arizona State Retirement System Trims Position in DTE Energy Company $DTE

Arizona State Retirement System decreased its holdings in shares of DTE Energy Company (NYSE:DTE) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,903 shares of the utilities provider’s stock after selling 4,290 shares during the period. Arizona State Retirement System’s holdings in DTE Energy were worth $7,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of DTE Energy by 2.3% in the third quarter. State Street Corp now owns 10,806,278 shares of the utilities provider’s stock valued at $1,540,000,000 after purchasing an additional 247,747 shares during the period. Capital World Investors lifted its holdings in shares of DTE Energy by 5.9% during the third quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock worth $1,393,260,000 after purchasing an additional 552,346 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of DTE Energy by 12.1% during the third quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock worth $788,004,000 after purchasing an additional 602,602 shares during the period. Boston Partners grew its position in DTE Energy by 2.1% in the 3rd quarter. Boston Partners now owns 2,556,911 shares of the utilities provider’s stock valued at $361,625,000 after buying an additional 53,447 shares during the last quarter. Finally, Invesco Ltd. grew its position in DTE Energy by 2.4% in the 3rd quarter. Invesco Ltd. now owns 2,445,469 shares of the utilities provider’s stock valued at $345,863,000 after buying an additional 58,457 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Trading Up 0.1%

NYSE:DTE opened at $147.08 on Monday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. 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 fifty day moving average price of $146.76 and a two-hundred day moving average price of $139.09. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.21 and a beta of 0.43.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.52 by $0.13. DTE Energy had a net margin of 9.24% and a return on equity of 12.72%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the firm earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, sell-side analysts anticipate that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Monday, March 16th were issued a dividend of $1.165 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $4.66 dividend on an annualized basis and a yield of 3.2%. DTE Energy’s payout ratio is currently 66.38%.

Analysts Set New Price Targets

DTE has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of DTE Energy from $156.00 to $155.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Saturday. Barclays boosted their price target on shares of DTE Energy from $151.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 17th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research report on Wednesday, January 21st. Finally, Bank of America reaffirmed a “buy” rating on shares of DTE Energy in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, DTE Energy presently has an average rating of “Moderate Buy” and an average target price of $155.23.

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.