B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund maintained its position in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,000 shares of the utilities provider’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in DTE Energy were worth $6,876,000 as of its most recent SEC filing.

Other institutional investors have also recently 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.

Shares of DTE Energy Company (NYSE DTE) traded up 0.02% during trading on Friday, hitting $111.76. 62,467 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $107.79 and a 200-day moving average price of $105.05. DTE Energy Company has a one year low of $89.66 and a one year high of $112.15. The stock has a market cap of $20.05 billion, a P/E ratio of 19.24 and a beta of 0.21.

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, beating the consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Equities research analysts expect that DTE Energy Company will post $5.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.95%. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.

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Several research firms have issued reports on DTE. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 price target (up previously from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $108.00.

In related news, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total value of $399,628.96. Following the sale, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the sale, the chairman now owns 80,000 shares in the company, valued at $8,546,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,895 shares of company stock worth $3,889,444. Corporate insiders own 0.53% of the company’s stock.

About DTE Energy

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

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