SG Americas Securities LLC Has $45.22 Million Holdings in DTE Energy (NYSE:DTE)

SG Americas Securities LLC grew its stake in DTE Energy (NYSE:DTE) by 91.7% during the first quarter, Holdings Channel reports. The firm owned 327,067 shares of the utilities provider’s stock after purchasing an additional 156,429 shares during the period. SG Americas Securities LLC’s holdings in DTE Energy were worth $45,224,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Mattson Financial Services LLC bought a new position in shares of DTE Energy during the fourth quarter valued at about $38,000. Bank of New Hampshire bought a new position in shares of DTE Energy during the 1st quarter worth approximately $55,000. Kestra Investment Management LLC purchased a new position in shares of DTE Energy in the 4th quarter worth approximately $57,000. Colonial Trust Co SC grew its holdings 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 acquiring an additional 608 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in shares of DTE Energy in the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DTE shares. BMO Capital Markets lifted their target price on DTE Energy from $135.00 to $142.00 and gave the stock a “market perform” rating in a research note on Monday, April 21st. Barclays lowered DTE Energy from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Wall Street Zen downgraded DTE Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Citigroup reissued a “buy” rating and set a $151.00 target price (up previously from $142.00) on shares of DTE Energy in a report on Friday, May 23rd. Finally, Morgan Stanley dropped their price objective on DTE Energy from $136.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, DTE Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.93.

DTE Energy Stock Up 0.1%

Shares of NYSE:DTE opened at $133.92 on Tuesday. The firm has a market capitalization of $27.79 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45. 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 52-week low of $108.40 and a 52-week high of $140.39. The firm has a fifty day moving average of $134.48 and a 200 day moving average of $128.96.

DTE Energy (NYSE:DTE) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.12. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. DTE Energy had a return on equity of 12.42% and a net margin of 11.27%. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, research analysts anticipate that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, June 16th. DTE Energy’s payout ratio is currently 58.92%.

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.