California State Teachers Retirement System Has $29.72 Million Stock Position in DTE Energy (NYSE:DTE)

California State Teachers Retirement System decreased its holdings in shares of DTE Energy (NYSE:DTE - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,156 shares of the utilities provider's stock after selling 11,148 shares during the period. California State Teachers Retirement System owned about 0.12% of DTE Energy worth $29,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of DTE Energy by 11.9% during the 3rd quarter. Barclays PLC now owns 755,084 shares of the utilities provider's stock worth $96,961,000 after acquiring an additional 80,543 shares during the period. Janney Montgomery Scott LLC grew its position in shares of DTE Energy by 12.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 48,892 shares of the utilities provider's stock worth $5,904,000 after buying an additional 5,423 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of DTE Energy by 3.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,597 shares of the utilities provider's stock worth $1,038,000 after buying an additional 271 shares in the last quarter. Fifth Third Bancorp grew its position in shares of DTE Energy by 1.4% during the fourth quarter. Fifth Third Bancorp now owns 7,441 shares of the utilities provider's stock worth $899,000 after buying an additional 103 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in DTE Energy by 3.6% during the fourth quarter. Blue Trust Inc. now owns 3,150 shares of the utilities provider's stock worth $404,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DTE. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Citigroup reiterated a "buy" rating and issued a $151.00 price objective (up previously from $142.00) on shares of DTE Energy in a research note on Friday, May 23rd. Morgan Stanley dropped their target price on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their target price on DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.93.

DTE Energy Trading Up 0.3%

Shares of NYSE DTE traded up $0.41 during mid-day trading on Friday, hitting $136.67. 1,520,079 shares of the company traded hands, compared to its average volume of 1,252,046. DTE Energy has a 1 year low of $108.40 and a 1 year high of $140.39. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $28.36 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.41 and a beta of 0.47. The business has a 50 day moving average of $134.80 and a two-hundred day moving average of $128.32.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter last year, the firm earned $1.67 earnings per share. On average, sell-side analysts anticipate that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, June 16th. This represents a $4.36 annualized dividend and a yield of 3.19%. DTE Energy's dividend payout ratio is 58.92%.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.