ARGI Investment Services LLC increased its position in shares of DTE Energy Company (NYSE:DTE) by 95.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,480 shares of the utilities provider’s stock after buying an additional 8,064 shares during the period. ARGI Investment Services LLC’s holdings in DTE Energy were worth $1,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gradient Investments LLC boosted its position in shares of DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares during the period. Regal Investment Advisors LLC boosted its position in shares of DTE Energy by 0.3% in the first quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock worth $226,000 after buying an additional 7 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of DTE Energy by 0.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 4,709 shares of the utilities provider’s stock worth $481,000 after buying an additional 13 shares during the period. Whittier Trust Co. boosted its position in shares of DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock worth $131,000 after buying an additional 14 shares during the period. Finally, Advisor Partners LLC boosted its position in shares of DTE Energy by 0.5% in the second quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock worth $424,000 after buying an additional 21 shares during the period. 68.55% of the stock is owned by institutional investors.

Shares of DTE Energy Company (NYSE:DTE) traded up 0.38% on Thursday, hitting $112.39. 74,085 shares of the stock were exchanged. The company has a market cap of $20.16 billion, a P/E ratio of 19.35 and a beta of 0.21. DTE Energy Company has a one year low of $89.66 and a one year high of $112.41. The firm’s 50-day moving average is $107.96 and its 200-day moving average is $105.15.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $0.98 EPS. DTE Energy’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, equities analysts forecast that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, September 15th. DTE Energy’s payout ratio is 56.60%.

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A number of research analysts have issued reports on the stock. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a report on Sunday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $109.20.

In related news, VP Lisa A. Muschong sold 426 shares of DTE Energy stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the transaction, the vice president now owns 2,543 shares of the company’s stock, valued at approximately $278,483.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $1,281,960.00. Following 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 have sold a total of 35,895 shares of company stock worth $3,889,444 in the last three months. 0.53% of the stock is owned by insiders.

About DTE Energy

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

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