Cibc World Markets Corp increased its holdings in DTE Energy Company (NYSE:DTE) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,342 shares of the utilities provider’s stock after purchasing an additional 6,614 shares during the period. Cibc World Markets Corp owned approximately 0.08% of DTE Energy worth $14,529,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Pacad Investment Ltd. acquired a new stake in shares of DTE Energy during the second quarter worth approximately $106,000. Gradient Investments LLC increased its holdings in shares of DTE Energy by 0.3% during the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Vantage Investment Advisors LLC increased its holdings 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 in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of DTE Energy by 335.1% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,032 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of DTE Energy by 18.0% during the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock worth $158,000 after buying an additional 237 shares in the last quarter. 68.58% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company (NYSE:DTE) traded down 0.59% during mid-day trading on Friday, hitting $108.38. 634,925 shares of the stock traded hands. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The company has a 50 day moving average price of $110.59 and a 200-day moving average price of $106.68. The stock has a market capitalization of $19.44 billion, a PE ratio of 18.66 and a beta of 0.22.

DTE Energy (NYSE:DTE) last issued its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 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 analysts’ expectations of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. Equities analysts anticipate that DTE Energy Company will post $5.42 earnings per share for the current fiscal year.

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Several analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. DTE Energy currently has a consensus rating of “Buy” and an average target price of $109.20.

In related news, insider Larry E. Steward sold 9,999 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the completion of the transaction, the insider now directly owns 39,698 shares in the company, valued at approximately $4,268,328.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was 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 $2,779,027.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,631 shares of company stock valued at $2,756,681. 0.53% of the stock is owned by corporate insiders.

DTE Energy Profile

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

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