DTE Energy Company $DTE Shares Sold by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas cut its stake in DTE by 44.3% in Q4, selling 129,134 shares and finishing the quarter with 162,632 shares worth about $20.98M; institutional investors now own 76.06% of the company.
• DTE beat Q4 estimates with $1.65 EPS vs. $1.52 expected and $4.43B revenue vs. $3.39B expected, and set FY2026 guidance of $7.59–$7.73 EPS (consensus ~7.71).
• The company pays a quarterly dividend of $1.165 (annualized $4.66) for a 3.2% yield and a 66.38% payout ratio, while analysts give DTE a "Moderate Buy" consensus with a price target of $155.23.

Teacher Retirement System of Texas decreased its position in DTE Energy Company (NYSE:DTE - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,632 shares of the utilities provider's stock after selling 129,134 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of DTE Energy worth $20,976,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in DTE Energy by 29.8% in the third quarter. Salomon & Ludwin LLC now owns 305 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in DTE Energy by 2.0% in the third quarter. SJS Investment Consulting Inc. now owns 3,738 shares of the utilities provider's stock valued at $529,000 after acquiring an additional 73 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in DTE Energy by 1.4% in the third quarter. Concurrent Investment Advisors LLC now owns 5,451 shares of the utilities provider's stock valued at $771,000 after acquiring an additional 75 shares in the last quarter. D.A. Davidson & CO. raised its holdings in DTE Energy by 1.6% in the third quarter. D.A. Davidson & CO. now owns 4,871 shares of the utilities provider's stock valued at $689,000 after acquiring an additional 78 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in DTE Energy by 1.8% in the third quarter. Keybank National Association OH now owns 4,606 shares of the utilities provider's stock valued at $651,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company's stock.

Analyst Ratings Changes

DTE has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Bank of America reissued a "buy" rating on shares of DTE Energy in a report on Wednesday. BMO Capital Markets cut their price objective on shares of DTE Energy from $157.00 to $148.00 and set a "market perform" rating on the stock in a report on Thursday, March 26th. Wall Street Zen raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Mizuho raised their price objective on shares of DTE Energy from $144.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $155.23.

DTE Energy Stock Down 0.2%

DTE stock opened at $147.08 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 1.93. DTE Energy Company has a twelve month low of $126.23 and a twelve month high of $154.63. The company's 50 day moving average is $146.76 and its two-hundred day moving average is $139.13. The stock has a market cap of $30.60 billion, a P/E ratio of 20.95, a PEG ratio of 3.22 and a beta of 0.43.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.39 billion. During the same quarter last year, the company earned $1.51 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Research analysts expect that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th were issued a $1.165 dividend. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, March 16th. DTE Energy's payout ratio is presently 66.38%.

DTE Energy Company 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.

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