Financial Engines Advisors L.L.C. purchased a new stake in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 333,139 shares of the utilities provider’s stock, valued at approximately $35,243,000. DTE Energy accounts for 1.6% of Financial Engines Advisors L.L.C.’s investment portfolio, making the stock its 7th largest position.

A number of other institutional investors also recently modified their holdings of DTE. Vanguard Group Inc. raised its position in shares of DTE Energy by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,612,462 shares of the utilities provider’s stock valued at $1,900,519,000 after buying an additional 220,454 shares during the period. BlackRock Inc. raised its position in shares of DTE Energy by 2,370.1% in the first quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock valued at $1,478,058,000 after buying an additional 13,889,160 shares during the period. State Street Corp raised its position in shares of DTE Energy by 1.4% in the first quarter. State Street Corp now owns 9,375,298 shares of the utilities provider’s stock valued at $957,313,000 after buying an additional 129,352 shares during the period. AQR Capital Management LLC raised its position in shares of DTE Energy by 16.4% in the first quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock valued at $334,567,000 after buying an additional 461,310 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of DTE Energy by 6.3% in the first quarter. Victory Capital Management Inc. now owns 1,911,309 shares of the utilities provider’s stock valued at $195,164,000 after buying an additional 113,658 shares during the period. 67.75% of the stock is owned by hedge funds and other institutional investors.

Shares of DTE Energy Company (NYSE DTE) opened at 109.06 on Friday. The stock has a 50 day moving average of $106.93 and a 200 day moving average of $104.19. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $111.35. The firm has a market cap of $19.56 billion, a price-to-earnings ratio of 18.78 and a beta of 0.21.

DTE Energy (NYSE:DTE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The firm 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 company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts predict that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, September 15th. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.

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DTE has been the subject of several research analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of DTE Energy in a research report on Sunday, April 23rd. BidaskClub lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price target (up previously from $108.50) on shares of DTE Energy in a research report on Thursday, April 27th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price target on shares of DTE Energy in a research report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $108.00.

In other news, insider Larry E. Steward sold 9,999 shares of DTE Energy stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the transaction, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The transaction was disclosed in a legal 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 shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the transaction, the chairman now directly owns 80,000 shares in the company, valued at approximately $8,546,400. The disclosure for this sale can be found here. Insiders sold 32,263 shares of company stock valued at $3,489,815 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

About DTE Energy

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

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