Hugh Johnson Advisors LLC grew its stake in shares of DTE Energy Company (NYSE:DTE) by 11.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,537 shares of the utilities provider’s stock after buying an additional 252 shares during the quarter. Hugh Johnson Advisors LLC’s holdings in DTE Energy were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cranbrook Wealth Management LLC grew its stake in shares of DTE Energy by 3.2% during the second quarter. Cranbrook Wealth Management LLC now owns 2,749 shares of the utilities provider’s stock worth $291,000 after buying an additional 86 shares during the last quarter. Symphony Asset Management LLC grew its stake in shares of DTE Energy by 16.2% during the second quarter. Symphony Asset Management LLC now owns 7,605 shares of the utilities provider’s stock worth $804,000 after buying an additional 1,062 shares during the last quarter. Summit Global Investments grew its stake in shares of DTE Energy by 4.5% during the second quarter. Summit Global Investments now owns 19,406 shares of the utilities provider’s stock worth $2,053,000 after buying an additional 835 shares during the last quarter. Dai Ichi Life Insurance Company Ltd grew its stake in shares of DTE Energy by 25.7% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 167,967 shares of the utilities provider’s stock worth $17,769,000 after buying an additional 34,332 shares during the last quarter. Finally, Vantage Investment Advisors LLC grew its stake in shares of DTE Energy by 0.8% during the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after buying an additional 10 shares during the last quarter. 68.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the transaction, the chairman now directly owns 80,000 shares in the company, valued at approximately $8,546,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is owned by insiders.

A number of research firms have weighed in on DTE. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 target price 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 six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $109.20.

Shares of DTE Energy Company (NYSE DTE) traded down 0.55% during mid-day trading on Wednesday, hitting $110.68. 113,830 shares of the company traded hands. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $113.71. The firm’s 50 day moving average price is $109.91 and its 200-day moving average price is $106.25. The stock has a market capitalization of $19.86 billion, a PE ratio of 19.06 and a beta of 0.22.

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

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, September 15th. DTE Energy’s dividend payout ratio is currently 56.60%.

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DTE Energy Profile

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

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