Nordea Investment Management AB trimmed its stake in DTE Energy Company (NYSE:DTE) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,207,440 shares of the utilities provider’s stock after selling 47,993 shares during the quarter. Nordea Investment Management AB owned approximately 0.67% of DTE Energy worth $127,735,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacad Investment Ltd. bought a new position in DTE Energy in the second quarter valued at approximately $106,000. Gradient Investments LLC grew 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 purchasing an additional 3 shares in the last quarter. Vantage Investment Advisors LLC grew its stake in DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 10 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in DTE Energy by 335.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Van ECK Associates Corp grew 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 purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

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In other news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now directly owns 80,000 shares of the company’s stock, valued at $8,546,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,779,027.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,631 shares of company stock valued at $2,756,681. 0.53% of the stock is currently owned by corporate insiders.

Shares of DTE Energy Company (NYSE:DTE) traded down 0.59% on Friday, hitting $108.38. The stock had a trading volume of 634,925 shares. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 18.66 and a beta of 0.22. The company has a 50-day moving average of $110.59 and a 200 day moving average of $106.68. DTE Energy Company has a 52 week low of $89.66 and a 52 week high of $113.71.

DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion during 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%. DTE Energy’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, equities research analysts predict that DTE Energy Company will post $5.42 EPS for the current year.

DTE has been the subject of a number of analyst reports. BidaskClub downgraded 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 downgraded 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $109.20.

DTE Energy Profile

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

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