Cornerstone Capital Management Holdings LLC. lifted its stake in DTE Energy Company (NYSE:DTE) by 8.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,308 shares of the utilities provider’s stock after buying an additional 8,479 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.06% of DTE Energy worth $11,563,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new stake in DTE Energy during the second quarter valued at $106,000. Gradient Investments LLC raised its stake in DTE Energy by 0.3% during the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after purchasing an additional 3 shares in the last quarter. Sun Life Financial INC raised its stake in DTE Energy by 13,030.0% during the second quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 1,303 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in DTE Energy by 0.8% during the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 10 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its stake in DTE Energy by 335.1% during 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 purchasing an additional 1,032 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on DTE. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reaffirmed a “buy” rating and set a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. BidaskClub raised shares of DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price target on shares of DTE Energy in a research note on Friday, July 28th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $108.63.

In other news, insider Mark W. Stiers sold 3,632 shares of DTE Energy stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now owns 25,257 shares in the company, valued at approximately $2,779,027.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gerard M. Anderson sold 12,000 shares of DTE Energy 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 owns 80,000 shares in the company, valued at approximately $8,546,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,631 shares of company stock worth $2,756,681. Insiders own 0.53% of the company’s stock.

DTE Energy Company (NYSE DTE) traded up 0.01% on Monday, reaching $107.69. 33,431 shares of the company’s stock were exchanged. The firm has a market cap of $19.32 billion, a PE ratio of 18.54 and a beta of 0.20. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71. The firm has a 50 day moving average price of $110.32 and a 200 day moving average price of $107.27.

DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, equities analysts anticipate that DTE Energy Company will post $5.42 earnings per share for the current year.

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About DTE Energy

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

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