DTE Energy Company (DTE) Shares Sold by State Street Corp

State Street Corp lessened its holdings in DTE Energy Company (NYSE:DTE) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,152,273 shares of the utilities provider’s stock after selling 223,025 shares during the period. State Street Corp owned 5.10% of DTE Energy worth $968,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in DTE Energy in the 2nd quarter valued at $106,000. Gradient Investments LLC raised its stake in DTE Energy by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 3 shares during the period. Sun Life Financial INC raised its stake in DTE Energy by 13,030.0% in the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 1,303 shares during the period. Vantage Investment Advisors LLC raised its stake in DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its stake in DTE Energy by 335.1% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 1,032 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

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Shares of DTE Energy Company (NYSE:DTE) traded up 0.12% on Monday, reaching $107.81. The company’s stock had a trading volume of 67,629 shares. The firm’s 50 day moving average is $110.32 and its 200-day moving average is $107.27. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $113.71. The stock has a market cap of $19.34 billion, a P/E ratio of 18.56 and a beta of 0.20.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The business’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts forecast that DTE Energy Company will post $5.42 EPS for the current year.

In other DTE Energy news, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $106.83, for a total value of $1,281,960.00. Following the sale, the chairman now directly owns 80,000 shares in the company, valued at $8,546,400. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Larry E. Steward sold 9,999 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the completion of the sale, the insider now owns 39,698 shares in the company, valued at $4,268,328.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,631 shares of company stock worth $2,756,681. Corporate insiders own 0.53% of the company’s stock.

A number of equities research analysts recently weighed in on DTE shares. BidaskClub cut DTE Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp restated a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $108.63.

DTE Energy Company Profile

Want to see what other hedge funds are holding DTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTE Energy Company (NYSE:DTE).

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

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