Ameriprise Financial Inc. lessened its holdings in shares of DTE Energy Company (NYSE:DTE) by 22.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 551,289 shares of the utilities provider’s stock after selling 156,281 shares during the period. Ameriprise Financial Inc. owned about 0.31% of DTE Energy worth $58,348,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of DTE Energy by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 18,612,462 shares of the utilities provider’s stock worth $1,900,519,000 after purchasing an additional 220,454 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of DTE Energy by 2,370.1% during the 1st quarter. BlackRock Inc. now owns 14,475,164 shares of the utilities provider’s stock worth $1,478,058,000 after acquiring an additional 13,889,160 shares during the period. State Street Corp lifted its holdings in shares of DTE Energy by 1.4% during the 1st quarter. State Street Corp now owns 9,375,298 shares of the utilities provider’s stock worth $957,313,000 after acquiring an additional 129,352 shares during the period. AQR Capital Management LLC lifted its holdings in shares of DTE Energy by 16.4% during the 1st quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock worth $334,567,000 after acquiring an additional 461,310 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of DTE Energy by 6.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,911,309 shares of the utilities provider’s stock worth $195,164,000 after acquiring an additional 113,658 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

A number of brokerages have recently weighed in on DTE. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. DTE Energy has an average rating of “Buy” and a consensus price target of $109.20.

DTE Energy Company (NYSE DTE) opened at 108.88 on Thursday. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 18.75 and a beta of 0.22. The company’s 50 day moving average is $110.59 and its 200-day moving average is $106.68. DTE Energy Company has a 52-week low of $89.66 and a 52-week high of $113.71.

DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, beating 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 company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm posted $0.98 EPS. DTE Energy’s revenue for the quarter was up 26.2% on a year-over-year basis. Equities analysts anticipate that DTE Energy Company will post $5.42 EPS for the current fiscal year.

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In related news, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the sale, the insider now directly owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the sale, the chairman now directly owns 80,000 shares in the company, valued at $8,546,400. The disclosure for this sale can be found here. Insiders have sold a total of 25,631 shares of company stock worth $2,756,681 over the last three months. 0.53% of the stock is currently owned by insiders.

DTE Energy Profile

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

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