Janus Henderson Group PLC reduced its holdings in DTE Energy Co (NYSE:DTE) by 9.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,206,514 shares of the utilities provider’s stock after selling 127,525 shares during the period. Janus Henderson Group PLC’s holdings in DTE Energy were worth $154,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. 6 Meridian boosted its stake in shares of DTE Energy by 1.9% during the 2nd quarter. 6 Meridian now owns 4,294 shares of the utilities provider’s stock worth $549,000 after purchasing an additional 79 shares during the period. Abner Herrman & Brock LLC boosted its stake in shares of DTE Energy by 5.6% during the 2nd quarter. Abner Herrman & Brock LLC now owns 1,710 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 90 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of DTE Energy by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the utilities provider’s stock worth $1,198,000 after purchasing an additional 100 shares during the period. Hyman Charles D boosted its stake in shares of DTE Energy by 4.1% during the 2nd quarter. Hyman Charles D now owns 2,550 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 100 shares during the period. Finally, Private Capital Group LLC boosted its stake in shares of DTE Energy by 17.0% during the 1st quarter. Private Capital Group LLC now owns 735 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 107 shares during the period. 70.32% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark W. Stiers sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $127.84, for a total value of $1,278,400.00. Following the completion of the sale, the insider now owns 6,700 shares in the company, valued at approximately $856,528. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Gerard M. Anderson sold 11,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $128.02, for a total transaction of $1,472,230.00. Following the completion of the sale, the chairman now owns 80,406 shares of the company’s stock, valued at approximately $10,293,576.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,737 shares of company stock valued at $2,781,170. 0.55% of the stock is owned by corporate insiders.

DTE Energy stock opened at $126.16 on Thursday. The stock has a market cap of $23.48 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 3.44 and a beta of 0.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.54 and a current ratio of 0.75. DTE Energy Co has a 1 year low of $106.41 and a 1 year high of $132.09. The firm has a 50-day moving average of $129.13.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.10). The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.98 billion. DTE Energy had a net margin of 8.09% and a return on equity of 10.33%. During the same period last year, the firm earned $1.36 earnings per share. On average, research analysts predict that DTE Energy Co will post 6.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th will be given a $0.945 dividend. The ex-dividend date is Friday, September 13th. This represents a $3.78 annualized dividend and a yield of 3.00%. DTE Energy’s dividend payout ratio (DPR) is 60.00%.

A number of equities analysts recently commented on the stock. UBS Group lifted their price target on shares of DTE Energy from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. KeyCorp assumed coverage on shares of DTE Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $136.00 price target for the company. Credit Suisse Group set a $117.00 price target on shares of DTE Energy and gave the stock a “sell” rating in a research note on Monday, April 22nd. Barclays reissued a “hold” rating and issued a $131.00 price objective on shares of DTE Energy in a research report on Thursday, June 20th. Finally, Zacks Investment Research raised shares of DTE Energy from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $126.36.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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

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