Sigma Investment Counselors Inc. raised its stake in DTE Energy Company (NYSE:DTE) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,224 shares of the utilities provider’s stock after buying an additional 15 shares during the period. Sigma Investment Counselors Inc.’s holdings in DTE Energy were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gradient Investments LLC increased its position 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. Whittier Trust Co. increased its position 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. Tortoise Capital Advisors L.L.C. increased its position in DTE Energy by 335.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock valued at $142,000 after buying an additional 1,032 shares during the period. Van ECK Associates Corp increased its position in DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares during the period. Finally, Johnson Financial Group Inc. increased its position in DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock valued at $158,000 after buying an additional 1,069 shares during the period. 67.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DTE Energy Company (NYSE:DTE) opened at 108.53 on Thursday. The company has a market cap of $19.47 billion, a PE ratio of 18.69 and a beta of 0.21. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $111.35. The company has a 50-day moving average of $106.96 and a 200 day moving average of $104.15.

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

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be paid a $0.825 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.30 dividend on an annualized basis and a yield of 3.04%. DTE Energy’s payout ratio is 56.60%.

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Several research analysts have commented on DTE shares. BidaskClub downgraded 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 $117.00 target price (up from $108.50) on shares of DTE Energy in a research note on Thursday, April 27th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of DTE Energy in a research note on Sunday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $108.00.

In other DTE Energy news, 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 owns 39,698 shares in the company, valued at $4,268,328.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $109.51, for a total value of $46,651.26. Following the transaction, the vice president now owns 2,543 shares in the company, valued at approximately $278,483.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,263 shares of company stock worth $3,489,815. Insiders own 0.53% of the company’s stock.

DTE Energy Company Profile

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

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