Savant Capital LLC increased its stake in DTE Energy Company (NYSE:DTE) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 2,190 shares of the utilities provider’s stock after buying an additional 100 shares during the period. Savant Capital LLC’s holdings in DTE Energy were worth $232,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DTE. Gradient Investments LLC raised its stake in DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after buying an additional 3 shares during the period. Regal Investment Advisors LLC raised its stake in DTE Energy by 0.3% in the first quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock valued at $226,000 after buying an additional 7 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in 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 valued at $481,000 after buying an additional 13 shares during the period. Whittier Trust Co. raised its stake in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock valued at $131,000 after buying an additional 14 shares during the period. Finally, Advisor Partners LLC raised its stake in DTE Energy by 0.5% in the second quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock valued at $424,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.

DTE Energy Company (NYSE DTE) opened at 109.17 on Wednesday. The company has a market cap of $19.58 billion, a P/E ratio of 18.80 and a beta of 0.21. DTE Energy Company has a one year low of $89.66 and a one year high of $111.35. The company has a 50 day moving average of $106.87 and a 200-day moving average of $104.51.

DTE Energy (NYSE:DTE) last posted 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 for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. DTE Energy’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. On average, equities analysts expect that DTE Energy Company will post $5.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.30 annualized dividend and a yield of 3.02%. DTE Energy’s payout ratio is 56.60%.

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Several research firms have recently commented on DTE. Jefferies Group LLC restated a “buy” rating and issued a $117.00 price objective (up from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub lowered DTE Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $108.00.

In other DTE Energy news, COO Gerardo Norcia sold 4,838 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $110.73, for a total value of $535,711.74. Following the transaction, the chief operating officer now directly owns 115,930 shares in the company, valued at approximately $12,836,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction dated 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 owns 80,000 shares in the company, valued at $8,546,400. The disclosure for this sale can be found here. Insiders sold a total of 32,263 shares of company stock worth $3,489,815 over the last quarter. 0.53% of the stock is currently owned by company insiders.

About DTE Energy

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

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