Sciencast Management LP acquired a new position in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,822 shares of the utilities provider’s stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gotham Asset Management LLC acquired a new stake in DTE Energy during the 2nd quarter worth about $209,000. Cornerstone Capital Management Holdings LLC. raised its holdings in DTE Energy by 8.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 109,308 shares of the utilities provider’s stock worth $11,563,000 after buying an additional 8,479 shares during the period. FTB Advisors Inc. raised its holdings in DTE Energy by 6.3% during the 2nd quarter. FTB Advisors Inc. now owns 60,209 shares of the utilities provider’s stock worth $6,414,000 after buying an additional 3,544 shares during the period. Janus Henderson Group PLC raised its holdings in DTE Energy by 7,495.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,645,752 shares of the utilities provider’s stock worth $174,104,000 after buying an additional 1,624,083 shares during the period. Finally, Horizon Investment Services LLC acquired a new stake in DTE Energy during the 2nd quarter worth about $735,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Shares of DTE Energy Company (NYSE DTE) traded up 0.24% during trading on Monday, hitting $107.94. The stock had a trading volume of 79,363 shares. The firm has a 50 day moving average of $110.32 and a 200 day moving average of $107.27. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 18.58 and a beta of 0.20. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $113.71.

DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. DTE Energy’s revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Analysts expect that DTE Energy Company will post $5.42 EPS for the current fiscal year.

DTE has been the topic of several recent analyst reports. BidaskClub downgraded DTE Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. BMO Capital Markets restated a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. KeyCorp restated a “buy” rating and set a $113.00 price objective on shares of DTE Energy in a report on Sunday, August 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $121.00 price objective on shares of DTE Energy in a 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. The stock presently has an average rating of “Buy” and an average price target of $108.63.

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In other news, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $107.52, for a total transaction of $1,075,092.48. Following the sale, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is currently owned by insiders.

DTE Energy Company Profile

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

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