California State Teachers Retirement System trimmed its stake in DTE Energy Co (NYSE:DTE) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,562 shares of the utilities provider’s stock after selling 25,995 shares during the quarter. California State Teachers Retirement System owned 0.17% of DTE Energy worth $32,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DTE. Virginia Retirement Systems ET AL raised its stake in shares of DTE Energy by 171.2% in the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock worth $1,894,000 after purchasing an additional 11,300 shares during the last quarter. Swiss National Bank raised its stake in shares of DTE Energy by 9.9% in the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock worth $73,908,000 after purchasing an additional 62,900 shares during the last quarter. GAM Holding AG raised its stake in shares of DTE Energy by 27.0% in the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock worth $2,632,000 after purchasing an additional 5,291 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of DTE Energy by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock worth $82,028,000 after purchasing an additional 2,997 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of DTE Energy by 0.9% in the second quarter. Principal Financial Group Inc. now owns 431,982 shares of the utilities provider’s stock worth $45,699,000 after purchasing an additional 3,758 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on DTE. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group restated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. Credit Suisse Group decreased their price target on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Bank of America began coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 price target for the company. Finally, KeyCorp restated a “buy” rating and issued a $118.50 price target on shares of DTE Energy in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $112.19.

Shares of DTE Energy Co (NYSE DTE) opened at $113.23 on Friday. The company has a market capitalization of $20,312.33, a price-to-earnings ratio of 21.99, a P/E/G ratio of 3.41 and a beta of 0.23. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. DTE Energy Co has a 1 year low of $96.56 and a 1 year high of $116.74.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. equities analysts forecast that DTE Energy Co will post 5.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be given a dividend of $0.8825 per share. This represents a $3.53 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, December 15th. This is a boost from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio is 60.44%.

In related news, Chairman Gerard M. Anderson sold 12,389 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the sale, the chairman now owns 83,000 shares in the company, valued at $9,373,190. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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DTE Energy Company Profile

Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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