New York State Common Retirement Fund trimmed its holdings in DTE Energy Company (NYSE:DTE) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,070 shares of the utilities provider’s stock after selling 44,851 shares during the quarter. New York State Common Retirement Fund owned about 0.23% of DTE Energy worth $43,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of DTE. UBS Asset Management Americas Inc. increased its stake in shares of DTE Energy by 1.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 602,604 shares of the utilities provider’s stock worth $61,532,000 after acquiring an additional 9,340 shares in the last quarter. Sei Investments Co. increased its stake in shares of DTE Energy by 44.6% in the 1st quarter. Sei Investments Co. now owns 52,083 shares of the utilities provider’s stock worth $5,318,000 after acquiring an additional 16,076 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of DTE Energy in the 1st quarter worth about $674,000. Mutual of America Capital Management LLC increased its stake in shares of DTE Energy by 4.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 22,026 shares of the utilities provider’s stock worth $2,249,000 after acquiring an additional 848 shares in the last quarter. Finally, Ecofin Ltd. increased its stake in shares of DTE Energy by 32.3% in the 1st quarter. Ecofin Ltd. now owns 36,130 shares of the utilities provider’s stock worth $3,689,000 after acquiring an additional 8,811 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

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In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the transaction, the chairman now owns 80,000 shares of the company’s stock, valued at $8,546,400. The disclosure for this sale can be found here. Insiders sold 25,631 shares of company stock valued at $2,756,681 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.

Shares of DTE Energy Company (NYSE DTE) opened at 108.38 on Friday. The stock has a market capitalization of $19.44 billion, a P/E ratio of 18.66 and a beta of 0.22. The company’s 50-day moving average is $110.59 and its 200 day moving average is $106.68. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $113.71.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The firm’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. Equities research analysts predict that DTE Energy Company will post $5.42 earnings per share for the current year.

Several research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $109.20.

DTE Energy Company Profile

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

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