Louisiana State Employees Retirement System Purchases New Position in DTE Energy Company $DTE

Louisiana State Employees Retirement System purchased a new stake in DTE Energy Company (NYSE:DTE) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 10,600 shares of the utilities provider’s stock, valued at approximately $1,550,000.

Several other hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in shares of DTE Energy by 11.0% during the third quarter. First Trust Advisors LP now owns 805,251 shares of the utilities provider’s stock worth $113,887,000 after purchasing an additional 79,956 shares during the period. Quantitative Investment Management LLC bought a new stake in DTE Energy in the 3rd quarter valued at $1,348,000. Victory Capital Management Inc. boosted its stake in DTE Energy by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 362,270 shares of the utilities provider’s stock valued at $51,236,000 after purchasing an additional 4,590 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in DTE Energy by 58.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after buying an additional 24,071 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in DTE Energy by 4.1% in the 4th quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock valued at $39,091,000 after buying an additional 12,026 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE DTE opened at $150.87 on Thursday. The business has a fifty day moving average price of $145.74 and a two-hundred day moving average price of $141.91. The stock has a market capitalization of $31.39 billion, a PE ratio of 24.86, a P/E/G ratio of 3.33 and a beta of 0.38. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. DTE Energy Company has a fifty-two week low of $126.23 and a fifty-two week high of $155.06.

DTE Energy (NYSE:DTE) last released its earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). DTE Energy had a return on equity of 12.37% and a net margin of 7.65%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the company posted $2.10 earnings per share. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts predict that DTE Energy Company will post 7.71 earnings per share for the current fiscal year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, September 21st will be paid a dividend of $1.165 per share. This represents a $4.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 21st. DTE Energy’s dividend payout ratio is presently 76.77%.

Analyst Upgrades and Downgrades

DTE has been the subject of a number of research reports. Weiss Ratings downgraded DTE Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 12th. BMO Capital Markets decreased their price target on shares of DTE Energy from $157.00 to $148.00 and set a “market perform” rating on the stock in a research note on Thursday, March 26th. Truist Financial lowered their price target on shares of DTE Energy from $165.00 to $158.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Morgan Stanley reiterated an “overweight” rating and issued a $150.00 price objective on shares of DTE Energy in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of DTE Energy from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DTE Energy has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling

In other DTE Energy news, VP Lisa A. Muschong sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $143.72, for a total value of $143,720.00. Following the transaction, the vice president directly owned 6,233 shares of the company’s stock, valued at $895,806.76. This trade represents a 13.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

DTE Energy 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.