Shell Asset Management Co. boosted its stake in shares of DTE Energy Company (NYSE:DTE) by 272.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,073 shares of the utilities provider’s stock after acquiring an additional 44,669 shares during the period. Shell Asset Management Co.’s holdings in DTE Energy were worth $4,646,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DTE. Pacad Investment Ltd. acquired a new stake in shares of DTE Energy in the 2nd quarter valued at $106,000. Gradient Investments LLC boosted its holdings in shares of DTE Energy by 0.3% in the 2nd 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 boosted its holdings in shares of DTE Energy by 13,030.0% in the 2nd 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 boosted its holdings in shares of DTE Energy by 0.8% in the 2nd 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. boosted its holdings in shares of DTE Energy by 335.1% in the 2nd 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. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Shares of DTE Energy Company (DTE) opened at 112.24 on Monday. The firm has a market cap of $20.14 billion, a P/E ratio of 19.33 and a beta of 0.20. The company’s 50 day moving average price is $109.91 and its 200 day moving average price is $107.88. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $113.71.

DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Equities research analysts forecast that DTE Energy Company will post $5.43 EPS for the current year.

In related news, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 80,000 shares in the company, valued at $8,546,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Larry E. Steward sold 9,999 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now owns 39,698 shares of the company’s stock, valued at $4,268,328.96. The disclosure for this sale can be found here. Insiders sold 25,631 shares of company stock valued at $2,756,681 over the last quarter. 0.53% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on DTE shares. KeyCorp reaffirmed a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. BidaskClub raised 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 issued a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.63.

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DTE Energy Profile

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

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