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 first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,352 shares of the utilities provider’s stock after selling 69,208 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of DTE Energy worth $70,383,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DTE. Wealth Enhancement Advisory Services LLC increased its holdings in shares of DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock worth $8,525,000 after purchasing an additional 24,071 shares during the period. Nordea Investment Management AB raised its position in shares of DTE Energy by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock worth $39,091,000 after buying an additional 12,026 shares in the last quarter. Procyon Advisors LLC bought a new stake in DTE Energy during the fourth quarter valued at $1,069,000. Allspring Global Investments Holdings LLC boosted its stake in DTE Energy by 44.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 188,845 shares of the utilities provider’s stock valued at $24,618,000 after buying an additional 57,698 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in DTE Energy during the first quarter worth about $1,550,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Trading Down 0.0%

Shares of DTE opened at $148.12 on Monday. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $155.74. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.24 and a beta of 0.38. The firm has a 50 day moving average price of $147.00 and a 200-day moving average price of $143.74. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.95.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $4.37 billion. DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. During the same period in the prior year, the business posted $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, September 21st. DTE Energy’s dividend payout ratio (DPR) is 76.77%.

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of DTE Energy stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president owned 6,233 shares in the company, valued at approximately $895,806.76. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the topic of a number of research analyst reports. Weiss Ratings lowered DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. Mizuho set a $165.00 price objective on DTE Energy in a report on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and set a $165.00 price objective on shares of DTE Energy in a report on Monday, June 15th. JPMorgan Chase & Co. upped their price objective on shares of DTE Energy from $155.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets lowered their target price on shares of DTE Energy from $154.00 to $152.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.69.

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.