Shelton Capital Management acquired a new position in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 20,758 shares of the utilities provider’s stock, valued at approximately $2,196,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of DTE Energy by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock worth $2,008,779,000 after buying an additional 375,899 shares during the last quarter. BlackRock Inc. grew its position in shares of DTE Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 14,565,689 shares of the utilities provider’s stock worth $1,540,905,000 after buying an additional 90,525 shares during the last quarter. State Street Corp grew its position in shares of DTE Energy by 1.4% in the 1st quarter. State Street Corp now owns 9,375,298 shares of the utilities provider’s stock worth $957,313,000 after buying an additional 129,352 shares during the last quarter. AQR Capital Management LLC grew its position in shares of DTE Energy by 16.4% in the 1st quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock worth $334,567,000 after buying an additional 461,310 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of DTE Energy by 36.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,122,051 shares of the utilities provider’s stock worth $224,492,000 after buying an additional 572,523 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. DTE Energy currently has an average rating of “Buy” and an average price target of $108.63.

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DTE Energy Company (NYSE:DTE) traded up 0.284% on Thursday, hitting $107.855. The stock had a trading volume of 220,764 shares. The stock’s 50-day moving average is $110.45 and its 200 day moving average is $107.22. The firm has a market capitalization of $19.35 billion, a price-to-earnings ratio of 18.570 and a beta of 0.20. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $113.71.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data 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. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. DTE Energy’s revenue was up 26.2% compared to the same quarter last year. On average, equities research analysts predict that DTE Energy Company will post $5.42 earnings per share for the current fiscal year.

In related news, insider Larry E. Steward sold 9,999 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $106.83, for a total value 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. In the last three months, insiders sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is owned by insiders.

DTE Energy Profile

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

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