DTE Energy Company (DTE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in DTE Energy Company (NYSE:DTE) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,557 shares of the utilities provider’s stock after selling 36,890 shares during the period. California State Teachers Retirement System owned about 0.18% of DTE Energy worth $34,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Gradient Investments LLC lifted its position in shares of DTE Energy by 0.3% in the second quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 3 shares in the last quarter. Regal Investment Advisors LLC lifted its position in shares of DTE Energy by 0.3% in the first quarter. Regal Investment Advisors LLC now owns 2,212 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 7 shares in the last quarter. Vantage Investment Advisors LLC lifted its position in shares of DTE Energy by 0.8% in the second quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 10 shares in the last quarter. Advisor Partners LLC lifted its position in shares of DTE Energy by 0.5% in the second quarter. Advisor Partners LLC now owns 4,011 shares of the utilities provider’s stock valued at $424,000 after acquiring an additional 21 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of DTE Energy by 0.5% in the second quarter. CENTRAL TRUST Co now owns 6,130 shares of the utilities provider’s stock valued at $649,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

In other DTE Energy news, insider Larry E. Steward sold 9,999 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the transaction, the insider now directly owns 39,698 shares of the company’s stock, valued at approximately $4,268,328.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the firm’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 directly owns 25,257 shares in the company, valued at $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 over the last three months. Corporate insiders own 0.53% of the company’s stock.

DTE Energy Company (NYSE:DTE) traded up 0.58% during midday trading on Friday, hitting $111.31. The company had a trading volume of 160,446 shares. DTE Energy Company has a 1-year low of $89.66 and a 1-year high of $113.71. The firm has a market capitalization of $19.97 billion, a P/E ratio of 19.16 and a beta of 0.20. The company has a 50 day moving average price of $110.12 and a 200 day moving average price of $107.49.

DTE Energy (NYSE:DTE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Equities research analysts forecast that DTE Energy Company will post $5.42 earnings per share for the current fiscal year.

Several brokerages have recently commented on DTE. Zacks Investment Research downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BMO Capital Markets restated a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research report on Friday, July 28th. BidaskClub downgraded DTE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research report on Tuesday, August 29th. Finally, KeyCorp restated a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a research report on Sunday, August 27th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $108.63.

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DTE Energy Company Profile

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

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