Traders sold shares of DTE Energy Company (NYSE:DTE) on strength during trading hours on Wednesday. $25.20 million flowed into the stock on the tick-up and $58.16 million flowed out of the stock on the tick-down, for a money net flow of $32.96 million out of the stock. Of all equities tracked, DTE Energy had the 25th highest net out-flow for the day. DTE Energy traded up $0.95 for the day and closed at $107.55

DTE has been the subject of a number of recent research reports. BidaskClub downgraded DTE Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reissued a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reissued a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $108.63.

The company has a market capitalization of $19.29 billion, a P/E ratio of 18.52 and a beta of 0.20. The firm’s 50-day moving average is $110.45 and its 200 day moving average is $107.22.

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

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

A number of institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC raised its holdings in DTE Energy by 0.3% in the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 3 shares during the period. Regal Investment Advisors LLC raised its holdings in DTE Energy by 0.3% in the 1st quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 7 shares during the period. Vantage Investment Advisors LLC raised its holdings in DTE Energy by 0.8% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 10 shares during the period. Advisor Partners LLC raised its holdings in DTE Energy by 0.5% in the 2nd quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock worth $424,000 after purchasing an additional 21 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in DTE Energy by 0.5% in the 2nd quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock worth $649,000 after purchasing an additional 28 shares during the period. 68.58% of the stock is currently owned by institutional investors.

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About DTE Energy

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