HighPoint Advisor Group LLC continued to hold its stake in DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,043 shares of the utilities provider’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in DTE Energy were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DTE. Van ECK Associates Corp raised its position in DTE Energy by 18.0% during the 1st 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. OppenheimerFunds Inc. raised its position in DTE Energy by 9.0% during the 1st quarter. OppenheimerFunds Inc. now owns 13,766 shares of the utilities provider’s stock valued at $1,406,000 after purchasing an additional 1,136 shares in the last quarter. Cleararc Capital Inc. raised its position in DTE Energy by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 4,395 shares of the utilities provider’s stock valued at $449,000 after purchasing an additional 40 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in DTE Energy during the 1st quarter valued at $641,000. Finally, Global X Management Co. LLC raised its position in DTE Energy by 32.9% during the 1st quarter. Global X Management Co. LLC now owns 4,776 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 1,181 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Shares of DTE Energy Company (NYSE DTE) traded down 0.70% on Friday, reaching $109.89. The company had a trading volume of 929,564 shares. DTE Energy Company has a 52 week low of $89.66 and a 52 week high of $113.71. The company has a market capitalization of $19.71 billion, a P/E ratio of 18.92 and a beta of 0.20. The company has a 50 day moving average of $110.07 and a 200-day moving average of $107.55.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $0.98 earnings per share. DTE Energy’s quarterly revenue was up 26.2% on a year-over-year basis. Analysts predict that DTE Energy Company will post $5.42 earnings per share for the current fiscal year.

In other DTE Energy news, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $107.52, for a total value of $1,075,092.48. Following the sale, the insider now directly owns 39,698 shares in the company, valued at $4,268,328.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction 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 sale, the insider now owns 25,257 shares in the company, valued at $2,779,027.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is owned by insiders.

DTE has been the subject of a number of research analyst reports. BidaskClub lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. KeyCorp reaffirmed a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. Jefferies Group LLC reissued a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research report on Tuesday, August 29th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. DTE Energy currently has an average rating of “Buy” and a consensus target price of $108.63.

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DTE Energy Profile

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

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