New York State Teachers Retirement System Buys 1,179 Shares of DTE Energy (NYSE:DTE)

New York State Teachers Retirement System lifted its position in DTE Energy (NYSE:DTE) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 201,714 shares of the utilities provider’s stock after purchasing an additional 1,179 shares during the period. New York State Teachers Retirement System’s holdings in DTE Energy were worth $24,357,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in DTE Energy by 2,235.2% in the 4th quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider’s stock worth $26,706,000 after purchasing an additional 211,763 shares in the last quarter. Patton Albertson Miller Group LLC increased its holdings in shares of DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider’s stock worth $5,667,000 after purchasing an additional 3,306 shares during the period. Hancock Whitney Corp raised its position in shares of DTE Energy by 80.0% in the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider’s stock worth $1,655,000 after buying an additional 5,725 shares in the last quarter. Point72 DIFC Ltd bought a new stake in DTE Energy during the third quarter valued at $650,000. Finally, Blueshift Asset Management LLC purchased a new position in DTE Energy during the third quarter worth about $583,000. 76.06% of the stock is currently owned by institutional investors.

DTE Energy Stock Performance

Shares of DTE stock opened at $129.21 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.83. DTE Energy has a fifty-two week low of $103.06 and a fifty-two week high of $131.66. The company has a market capitalization of $26.76 billion, a P/E ratio of 17.51, a PEG ratio of 2.25 and a beta of 0.68. The stock has a 50 day moving average price of $121.24 and a two-hundred day moving average price of $123.04.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 12.33% and a return on equity of 13.42%. Analysts expect that DTE Energy will post 6.77 earnings per share for the current year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy’s payout ratio is 59.08%.

Analysts Set New Price Targets

DTE has been the subject of a number of research analyst reports. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. Morgan Stanley dropped their target price on shares of DTE Energy from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim raised shares of DTE Energy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded shares of DTE Energy from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group assumed coverage on DTE Energy in a research note on Monday, October 21st. They issued a “hold” rating and a $137.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.