TIAA CREF Investment Management LLC reduced its position in shares of DTE Energy Company (NYSE:DTE) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,220,094 shares of the utilities provider’s stock after selling 31,163 shares during the quarter. TIAA CREF Investment Management LLC owned 0.68% of DTE Energy worth $129,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DTE. Acadian Asset Management LLC boosted its stake in shares of DTE Energy by 65.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,517 shares of the utilities provider’s stock worth $461,000 after acquiring an additional 1,784 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of DTE Energy by 4.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,200 shares of the utilities provider’s stock worth $429,000 after acquiring an additional 163 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of DTE Energy by 2.7% during the 1st quarter. Chicago Equity Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $421,000 after acquiring an additional 110 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of DTE Energy by 1.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 602,604 shares of the utilities provider’s stock worth $61,532,000 after acquiring an additional 9,340 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of DTE Energy by 63.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the utilities provider’s stock worth $575,000 after acquiring an additional 2,176 shares in the last quarter. 68.63% of the stock is currently owned by institutional investors and hedge funds.

DTE has been the topic of several recent analyst reports. BidaskClub lowered shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DTE Energy currently has an average rating of “Buy” and a consensus target price of $109.20.

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In other DTE Energy news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s 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 sale, the chairman now owns 80,000 shares of the company’s stock, valued at $8,546,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the completion of the sale, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. Insiders have sold 25,631 shares of company stock worth $2,756,681 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

DTE Energy Company (DTE) opened at 111.58 on Friday. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 19.21 and a beta of 0.22. The company has a 50-day moving average of $110.28 and a 200-day moving average of $106.39. DTE Energy Company has a 52 week low of $89.66 and a 52 week high of $113.71.

DTE Energy (NYSE:DTE) last issued its earnings results 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 company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. Analysts anticipate that DTE Energy Company will post $5.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a yield of 2.96%. DTE Energy’s payout ratio is currently 56.60%.

DTE Energy Profile

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

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