Achmea Investment Management B.V. decreased its position in shares of DTE Energy Company (NYSE:DTE) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,644 shares of the utilities provider’s stock after selling 4,221 shares during the period. Achmea Investment Management B.V.’s holdings in DTE Energy were worth $5,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Virginia Retirement Systems ET AL increased its position in DTE Energy by 171.2% during the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the utilities provider’s stock valued at $1,894,000 after acquiring an additional 11,300 shares during the last quarter. Swiss National Bank increased its position in DTE Energy by 9.9% during the second quarter. Swiss National Bank now owns 698,625 shares of the utilities provider’s stock valued at $73,908,000 after acquiring an additional 62,900 shares during the last quarter. GAM Holding AG increased its position in DTE Energy by 27.0% during the second quarter. GAM Holding AG now owns 24,877 shares of the utilities provider’s stock valued at $2,632,000 after acquiring an additional 5,291 shares during the last quarter. Shell Asset Management Co. increased its position in DTE Energy by 1.9% during the second quarter. Shell Asset Management Co. now owns 16,404 shares of the utilities provider’s stock valued at $1,735,000 after acquiring an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in DTE Energy by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 775,387 shares of the utilities provider’s stock valued at $82,028,000 after acquiring an additional 2,997 shares during the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.

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In other DTE Energy news, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction dated 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 transaction, the insider now directly owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gerard M. Anderson sold 12,000 shares of DTE Energy stock in a transaction dated Friday, July 28th. The shares were 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 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.

DTE Energy Company (DTE) traded up 0.44% on Thursday, hitting $111.04. 91,337 shares of the stock were exchanged. The firm has a market cap of $19.92 billion, a PE ratio of 19.12 and a beta of 0.20. The stock’s 50 day moving average price is $109.91 and its 200 day moving average price is $107.77. 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 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 the consensus estimate of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. DTE Energy’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Equities research analysts forecast that DTE Energy Company will post $5.43 earnings per share for the current year.

A number of research analysts have weighed in on the stock. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reiterated a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. Finally, KeyCorp restated a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $108.63.

About DTE Energy

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

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