New York State Teachers Retirement System Sells 22,435 Shares of DTE Energy Company (NYSE:DTE)

New York State Teachers Retirement System trimmed its holdings in shares of DTE Energy Company (NYSE:DTE - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,279 shares of the utilities provider's stock after selling 22,435 shares during the period. New York State Teachers Retirement System owned about 0.09% of DTE Energy worth $24,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. grew its position in DTE Energy by 0.9% during the 1st quarter. UMB Bank n.a. now owns 9,041 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 78 shares during the last quarter. First American Bank boosted its stake in shares of DTE Energy by 0.7% during the first quarter. First American Bank now owns 12,304 shares of the utilities provider's stock valued at $1,701,000 after purchasing an additional 85 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of DTE Energy by 8.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,205 shares of the utilities provider's stock worth $146,000 after purchasing an additional 90 shares during the last quarter. My Legacy Advisors LLC increased its stake in shares of DTE Energy by 2.4% in the first quarter. My Legacy Advisors LLC now owns 4,132 shares of the utilities provider's stock worth $571,000 after buying an additional 95 shares during the period. Finally, Bernard Wealth Management Corp. raised its holdings in DTE Energy by 1.0% during the 1st quarter. Bernard Wealth Management Corp. now owns 10,190 shares of the utilities provider's stock valued at $1,409,000 after buying an additional 101 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

DTE Energy Stock Down 1.3%

DTE stock traded down $1.77 during midday trading on Wednesday, hitting $130.66. The stock had a trading volume of 2,022,574 shares, compared to its average volume of 1,284,266. The business has a 50-day moving average of $134.93 and a two-hundred day moving average of $130.01. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.87 and a quick ratio of 0.59. The firm has a market cap of $27.11 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.40 and a beta of 0.44. DTE Energy Company has a 52-week low of $108.40 and a 52-week high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.12. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. DTE Energy had a net margin of 11.25% and a return on equity of 13.00%. During the same period in the prior year, the firm earned $1.67 EPS. As a group, equities research analysts forecast that DTE Energy Company will post 7.18 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, September 15th. DTE Energy's dividend payout ratio is 58.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DTE shares. Wells Fargo & Company raised their price target on shares of DTE Energy from $145.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Guggenheim boosted their price target on DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a report on Friday, March 21st. BMO Capital Markets increased their price objective on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a report on Monday, April 21st. Finally, Morgan Stanley cut their price objective on DTE Energy from $136.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, DTE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $140.93.

About DTE Energy

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.