SG Americas Securities LLC Boosts Stock Position in DTE Energy (NYSE:DTE)

SG Americas Securities LLC increased its position in shares of DTE Energy (NYSE:DTE - Free Report) by 91.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,067 shares of the utilities provider's stock after acquiring an additional 156,429 shares during the period. SG Americas Securities LLC owned about 0.16% of DTE Energy worth $45,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Mattson Financial Services LLC acquired a new position in DTE Energy during the fourth quarter worth $38,000. Bank of New Hampshire purchased a new stake in DTE Energy during the first quarter worth approximately $55,000. Kestra Investment Management LLC acquired a new stake in shares of DTE Energy in the fourth quarter valued at about $57,000. Colonial Trust Co SC grew its stake in shares of DTE Energy by 1,266.7% in the fourth quarter. Colonial Trust Co SC now owns 656 shares of the utilities provider's stock valued at $79,000 after buying an additional 608 shares in the last quarter. Finally, Flagship Wealth Advisors LLC acquired a new stake in DTE Energy during the 4th quarter valued at approximately $87,000. Institutional investors and hedge funds own 76.06% of the company's stock.

DTE Energy Trading Down 0.0%

Shares of NYSE:DTE traded down $0.02 during mid-day trading on Wednesday, reaching $134.86. 1,290,443 shares of the company's stock were exchanged, compared to its average volume of 1,259,003. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.41 and a beta of 0.45. The business's fifty day moving average price is $134.39 and its 200-day moving average price is $129.00. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.46 and a current ratio of 0.71. DTE Energy has a twelve month low of $108.40 and a twelve month high of $140.39.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. During the same quarter in the prior year, the business earned $1.67 earnings per share. On average, research analysts predict that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 16th. DTE Energy's dividend payout ratio is currently 58.92%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DTE. Citigroup reissued a "buy" rating and issued a $151.00 price target (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Evercore ISI lifted their target price on DTE Energy from $136.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. BMO Capital Markets raised their target price on DTE Energy from $135.00 to $142.00 and gave the stock a "market perform" rating in a research report on Monday, April 21st. Barclays cut DTE Energy from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $137.00 to $135.00 in a research report on Thursday, February 20th. Finally, Wall Street Zen cut DTE Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.93.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.