Teacher Retirement System of Texas decreased its position in shares of DTE Energy Company (NYSE:DTE) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 412,670 shares of the utilities provider’s stock after selling 11,215 shares during the period. Teacher Retirement System of Texas’ holdings in DTE Energy were worth $43,656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of DTE Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,612,462 shares of the utilities provider’s stock worth $1,900,519,000 after buying an additional 220,454 shares during the last quarter. BlackRock Inc. boosted its position in DTE Energy by 2,370.1% in the first quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock valued at $1,478,058,000 after buying an additional 13,889,160 shares in the last quarter. State Street Corp boosted its position in DTE Energy by 1.4% in the first quarter. State Street Corp now owns 9,375,298 shares of the utilities provider’s stock valued at $957,313,000 after buying an additional 129,352 shares in the last quarter. AQR Capital Management LLC boosted its position in DTE Energy by 16.4% in the first quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock valued at $334,567,000 after buying an additional 461,310 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in DTE Energy by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,911,309 shares of the utilities provider’s stock valued at $195,164,000 after buying an additional 113,658 shares in the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.

Shares of DTE Energy Company (NYSE DTE) opened at 109.06 on Friday. The stock has a market cap of $19.56 billion, a PE ratio of 18.78 and a beta of 0.21. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.35. The company’s 50-day moving average price is $106.93 and its 200-day moving average price is $104.19.

DTE Energy (NYSE:DTE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. On average, equities research analysts forecast that DTE Energy Company will post $5.41 earnings per share for the current fiscal year.

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

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Several research analysts have 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 $117.00 price target (up previously from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. 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. Finally, Barclays PLC restated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. DTE Energy has an average rating of “Hold” and an average price target of $108.00.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the firm’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 completion of the sale, the chairman now owns 80,000 shares of the company’s stock, valued at approximately $8,546,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was 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 directly owns 39,698 shares of the company’s stock, valued at approximately $4,268,328.96. The disclosure for this sale can be found here. Insiders sold a total of 32,263 shares of company stock valued at $3,489,815 in the last three months. Insiders own 0.53% of the company’s stock.

About DTE Energy

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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