California State Teachers Retirement System Has $36.84 Million Stock Holdings in DTE Energy Company $DTE

California State Teachers Retirement System increased its stake in shares of DTE Energy Company (NYSE:DTE - Free Report) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,789 shares of the utilities provider's stock after purchasing an additional 341 shares during the quarter. California State Teachers Retirement System owned about 0.12% of DTE Energy worth $36,841,390 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DTE. BlackRock Inc. purchased a new position in DTE Energy in the 2nd quarter valued at approximately $3,915,284,000. Capital Research Global Investors boosted its position in shares of DTE Energy by 3.1% in the 4th quarter. Capital Research Global Investors now owns 12,447,948 shares of the utilities provider's stock worth $1,605,539,000 after purchasing an additional 379,443 shares in the last quarter. Geode Capital Management LLC grew its position in shares of DTE Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 5,592,670 shares of the utilities provider's stock valued at $718,668,000 after purchasing an additional 117,322 shares during the period. Jupiter Topco LLC acquired a new stake in DTE Energy in the second quarter valued at approximately $477,264,000. Finally, Janus Henderson Group PLC boosted its stake in DTE Energy by 1.3% in the first quarter. Janus Henderson Group PLC now owns 3,084,544 shares of the utilities provider's stock valued at $451,022,000 after acquiring an additional 40,346 shares during the period. 76.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Vice Chairman Trevor Lauer sold 5,000 shares of DTE Energy stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $135.71, for a total value of $678,550.00. Following the completion of the transaction, the insider directly owned 73,122 shares of the company's stock, valued at approximately $9,923,386.62. The trade was a 6.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen assumed coverage on shares of DTE Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $166.00 target price on the stock. Truist Financial decreased their price target on shares of DTE Energy from $166.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. BMO Capital Markets dropped their target price on DTE Energy from $150.00 to $143.00 and set a "market perform" rating on the stock in a research report on Friday, August 28th. Morgan Stanley cut their price objective on shares of DTE Energy from $153.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on DTE Energy from $155.00 to $162.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $157.00.

DTE Energy Price Performance

NYSE DTE traded down $0.92 on Tuesday, hitting $130.21. 496,933 shares of the company's stock were exchanged, compared to its average volume of 1,411,224. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 2.13. The stock has a 50-day moving average of $141.30 and a 200-day moving average of $144.74. DTE Energy Company has a 52 week low of $126.23 and a 52 week high of $155.74. The stock has a market cap of $27.09 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.88 and a beta of 0.37.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Tuesday, July 28th. The utilities provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.14 by $0.18. The business had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $3.36 billion. DTE Energy had a return on equity of 12.19% and a net margin of 8.00%.During the same period in the previous year, the company posted $1.36 earnings per share. Analysts expect that DTE Energy Company will post 7.71 earnings per share for the current year.

DTE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, September 21st. DTE Energy's payout ratio is presently 73.73%.

About DTE Energy

DTE Energy Company is a diversified energy holding company headquartered in Detroit, Michigan. Its principal businesses are DTE Electric, which generates, transmits and distributes electricity, and DTE Gas, which stores, transports and distributes natural gas. Through these utilities, the company serves residential, commercial and industrial customers primarily throughout southeastern Michigan.

DTE Energy also operates businesses involved in energy marketing and trading, renewable and conventional power generation, and other energy-related services.

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