IFP Advisors Inc decreased its stake in DTE Energy Company (NYSE:DTE) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 16,109 shares of the utilities provider’s stock after selling 40 shares during the period. IFP Advisors Inc’s holdings in DTE Energy were worth $1,704,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares during the period. Whittier Trust Co. increased its stake in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock valued at $131,000 after buying an additional 14 shares during the period. Van ECK Associates Corp increased its stake in DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares during the period. Johnson Financial Group Inc. increased its stake in DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock valued at $158,000 after buying an additional 1,069 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in DTE Energy by 2.1% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock valued at $173,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 67.75% of the company’s stock.

Shares of DTE Energy Company (NYSE:DTE) opened at 108.93 on Tuesday. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $111.35. The company has a 50 day moving average price of $107.28 and a 200 day moving average price of $103.79. The company has a market capitalization of $19.54 billion, a P/E ratio of 18.76 and a beta of 0.21.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $0.98 EPS. DTE Energy’s revenue was up 26.2% on a year-over-year basis. Equities analysts anticipate that DTE Energy Company will post $5.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, September 15th. DTE Energy’s payout ratio is 56.60%.

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DTE has been the subject of several research analyst reports. BidaskClub downgraded DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “buy” rating and set a $117.00 target price (up from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. Zacks Investment Research upgraded DTE Energy from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Tuesday, April 11th. BMO Capital Markets restated a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Finally, Deutsche Bank AG lifted their price objective on DTE Energy from $100.00 to $103.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $108.00.

In other DTE Energy news, COO Gerardo Norcia sold 4,838 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $110.73, for a total value of $535,711.74. Following the sale, the chief operating officer now owns 115,930 shares of the company’s stock, valued at approximately $12,836,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bruce D. Peterson sold 5,000 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at approximately $3,209,492.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,263 shares of company stock worth $3,489,815. 0.53% of the stock is owned by corporate insiders.

About DTE Energy

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

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