Bp Plc held its stake in DTE Energy Company (NYSE:DTE) during the second quarter, Holdings Channel reports. The fund owned 20,500 shares of the utilities provider’s stock at the end of the second quarter. Bp Plc’s holdings in DTE Energy were worth $2,169,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Toronto Dominion Bank increased its stake in DTE Energy by 56.5% in the first quarter. Toronto Dominion Bank now owns 48,419 shares of the utilities provider’s stock worth $4,943,000 after buying an additional 17,478 shares in the last quarter. Russell Investments Group Ltd. increased its stake in DTE Energy by 129.0% in the first quarter. Russell Investments Group Ltd. now owns 403,811 shares of the utilities provider’s stock worth $41,222,000 after buying an additional 227,469 shares in the last quarter. Suntrust Banks Inc. increased its stake in DTE Energy by 6.2% in the first quarter. Suntrust Banks Inc. now owns 25,764 shares of the utilities provider’s stock worth $2,630,000 after buying an additional 1,502 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in DTE Energy by 4.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,018 shares of the utilities provider’s stock worth $410,000 after buying an additional 185 shares in the last quarter. Finally, Glenview Trust Co increased its stake in DTE Energy by 4.2% in the first quarter. Glenview Trust Co now owns 41,984 shares of the utilities provider’s stock worth $4,287,000 after buying an additional 1,679 shares in the last quarter. Hedge funds and other institutional investors own 67.75% of the company’s stock.

Shares of DTE Energy Company (DTE) opened at 109.06 on Friday. 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 P/E ratio of 18.78 and a beta of 0.21. The stock has a 50 day moving average of $106.93 and a 200 day moving average of $104.19.

DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. DTE Energy’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Analysts anticipate that DTE Energy Company will post $5.41 earnings per share for the current fiscal year.

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

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

In other news, SVP Bruce D. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at approximately $3,209,492.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Larry E. Steward sold 9,999 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 32,263 shares of company stock worth $3,489,815. 0.53% of the stock is currently owned by insiders.

DTE Energy Company Profile

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

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