Cbre Clarion Securities LLC cut its stake in DTE Energy Company (NYSE:DTE) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,600 shares of the utilities provider’s stock after selling 500 shares during the quarter. Cbre Clarion Securities LLC’s holdings in DTE Energy were worth $910,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of DTE Energy by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 3 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of DTE Energy by 0.3% in the 1st quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 7 shares during the last quarter. Vantage Investment Advisors LLC increased its stake in shares of DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares during the last quarter. Advisor Partners LLC increased its stake in shares of DTE Energy by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock valued at $424,000 after acquiring an additional 21 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of DTE Energy by 0.5% in the 2nd quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 28 shares during the last quarter. 68.58% of the stock is owned by institutional investors.

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DTE Energy (NYSE:DTE) last issued its earnings results 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 business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The firm’s revenue for the quarter 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.

In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the sale, 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 SEC, which is available at the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of DTE Energy 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 sale, 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. Over the last quarter, insiders sold 25,631 shares of company stock valued at $2,756,681. 0.53% of the stock is currently owned by corporate insiders.

DTE has been the subject of a number of recent analyst reports. BidaskClub cut DTE Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. KeyCorp reaffirmed a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DTE Energy currently has an average rating of “Buy” and an average price target of $109.20.

DTE Energy Profile

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

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