Utah Retirement Systems held its position in shares of 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 32,780 shares of the utilities provider’s stock at the end of the second quarter. Utah Retirement Systems’ holdings in DTE Energy were worth $3,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gradient Investments LLC increased its position in shares of 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 in the last quarter. Whittier Trust Co. boosted its stake in shares of 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. boosted its stake in shares of 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. Johnson Financial Group Inc. boosted its stake in shares of 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. Finally, Van ECK Associates Corp boosted its stake in shares of 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. 68.55% of the stock is owned by institutional investors.

Shares of DTE Energy Company (NYSE DTE) opened at 112.11 on Wednesday. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 19.30 and a beta of 0.21. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $112.58. The company has a 50-day moving average of $107.96 and a 200-day moving average of $105.15.

DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. Equities research analysts anticipate that DTE Energy Company will post $5.41 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 18th will be given a $0.825 dividend. The ex-dividend date is Friday, September 15th. This represents a $3.30 annualized dividend and a dividend yield of 2.94%. DTE Energy’s dividend payout ratio is presently 56.60%.

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Several analysts have commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday. KeyCorp restated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday. BidaskClub upgraded shares of DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. DTE Energy has a consensus rating of “Buy” and an average price target of $109.20.

In related news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,779,027.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bruce D. Peterson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares in the company, valued at $3,209,492.48. The disclosure for this sale can be found here. Insiders sold 35,895 shares of company stock worth $3,889,444 over the last three months. Corporate insiders own 0.53% of the company’s stock.

DTE Energy Company Profile

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

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