State Board of Administration of Florida Retirement System Has $22.63 Million Stock Holdings in DTE Energy Company $DTE

State Board of Administration of Florida Retirement System raised its position in DTE Energy Company (NYSE:DTE) by 0.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 170,842 shares of the utilities provider’s stock after acquiring an additional 1,064 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of DTE Energy worth $22,630,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Keybank National Association OH lifted its position in shares of DTE Energy by 1.6% in the second quarter. Keybank National Association OH now owns 4,525 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 72 shares in the last quarter. Atria Investments Inc grew its position in DTE Energy by 0.6% in the second quarter. Atria Investments Inc now owns 11,354 shares of the utilities provider’s stock valued at $1,504,000 after purchasing an additional 72 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in DTE Energy by 1.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,721 shares of the utilities provider’s stock valued at $929,000 after buying an additional 82 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in DTE Energy by 5.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 1,767 shares of the utilities provider’s stock worth $234,000 after buying an additional 86 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its stake in shares of DTE Energy by 3.1% during the 1st quarter. Financial Advisors Network Inc. now owns 2,994 shares of the utilities provider’s stock worth $414,000 after buying an additional 91 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $149.00 price target on shares of DTE Energy in a research report on Monday, November 3rd. Bank of America upped their price objective on DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Morgan Stanley set a $144.00 target price on shares of DTE Energy in a research note on Thursday, November 20th. Finally, Barclays upped their price target on shares of DTE Energy from $138.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.17.

DTE Energy Stock Performance

DTE opened at $137.03 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 1.96. DTE Energy Company has a 12-month low of $116.30 and a 12-month high of $143.79. The business has a 50 day moving average of $138.81 and a 200-day moving average of $136.89. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.97 and a beta of 0.45.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. DTE Energy had a return on equity of 12.72% and a net margin of 10.16%.The business had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the prior year, the business earned $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. On average, equities research analysts expect that DTE Energy Company will post 7.18 earnings per share for the current year.

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.