Balyasny Asset Management LLC trimmed its stake in shares of DTE Energy Company (NYSE:DTE) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,216 shares of the utilities provider’s stock after selling 2,403 shares during the period. Balyasny Asset Management LLC’s holdings in DTE Energy were worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of DTE Energy by 2.0% during the second quarter. Vanguard Group Inc. now owns 18,988,361 shares of the utilities provider’s stock worth $2,008,779,000 after purchasing an additional 375,899 shares in the last quarter. BlackRock Inc. lifted its position in shares of DTE Energy by 0.6% during the second quarter. BlackRock Inc. now owns 14,565,689 shares of the utilities provider’s stock worth $1,540,905,000 after purchasing an additional 90,525 shares in the last quarter. State Street Corp lifted its position in shares of DTE Energy by 1.4% during the first quarter. State Street Corp now owns 9,375,298 shares of the utilities provider’s stock worth $957,313,000 after purchasing an additional 129,352 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of DTE Energy by 16.4% during the first quarter. AQR Capital Management LLC now owns 3,276,539 shares of the utilities provider’s stock worth $334,567,000 after purchasing an additional 461,310 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of DTE Energy by 6.4% during the second quarter. Renaissance Technologies LLC now owns 1,932,000 shares of the utilities provider’s stock worth $204,386,000 after purchasing an additional 116,200 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

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A number of brokerages have recently issued reports on DTE. Jefferies Group LLC reiterated a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. 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 lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. DTE Energy currently has a consensus rating of “Buy” and an average price target of $108.63.

In other news, Chairman Gerard M. Anderson sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 25,257 shares in the company, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. Insiders sold a total of 25,631 shares of company stock worth $2,756,681 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

DTE Energy Company (NYSE DTE) opened at 109.89 on Friday. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of 18.92 and a beta of 0.20. The company has a 50-day moving average of $110.02 and a 200 day moving average of $107.59. DTE Energy Company has a one year low of $89.66 and a one year high of $113.71.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. On average, analysts anticipate that DTE Energy Company will post $5.42 EPS for the current year.

DTE Energy Profile

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

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