Cullen Frost Bankers Inc. continued to hold its position in DTE Energy Company (NYSE:DTE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,007 shares of the utilities provider’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in DTE Energy were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gradient Investments LLC boosted its position in 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 buying an additional 3 shares in the last quarter. Whittier Trust Co. boosted its position in DTE Energy by 1.1% in the first quarter. Whittier Trust Co. now owns 1,279 shares of the utilities provider’s stock valued at $131,000 after buying an additional 14 shares in the last quarter. Johnson Financial Group Inc. boosted its position in DTE Energy by 226.0% in the first quarter. Johnson Financial Group Inc. now owns 1,542 shares of the utilities provider’s stock valued at $158,000 after buying an additional 1,069 shares in the last quarter. Van ECK Associates Corp boosted its position in DTE Energy by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,551 shares of the utilities provider’s stock valued at $158,000 after buying an additional 237 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in DTE Energy by 2.1% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,633 shares of the utilities provider’s stock valued at $173,000 after buying an additional 33 shares in the last quarter. 67.75% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Company (DTE) opened at 108.53 on Thursday. The stock has a market capitalization of $19.47 billion, a PE ratio of 18.69 and a beta of 0.21. DTE Energy Company has a one year low of $89.66 and a one year high of $111.35. The firm has a 50-day moving average of $106.96 and a 200-day moving average of $104.15.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. On average, equities research analysts forecast that DTE Energy Company will post $5.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, September 15th. DTE Energy’s dividend payout ratio is currently 56.60%.

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Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BMO Capital Markets reissued a “hold” rating and set a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. BidaskClub cut shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 target price (up from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of DTE Energy in a report on Sunday, April 23rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. DTE Energy currently has a consensus rating of “Hold” and a consensus target price of $108.00.

In other news, SVP Bruce D. Peterson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the completion of the sale, the senior vice president now directly owns 29,156 shares of the company’s stock, valued at approximately $3,209,492.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Gerard M. Anderson sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the completion of the sale, the chairman now directly owns 80,000 shares of the company’s stock, valued at $8,546,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,263 shares of company stock valued at $3,489,815. Company insiders own 0.53% of the company’s stock.

About DTE Energy

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

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