SG Americas Securities LLC Raises Position in DTE Energy Company $DTE

SG Americas Securities LLC boosted its position in shares of DTE Energy Company (NYSE:DTE) by 5,458.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,386 shares of the utilities provider’s stock after buying an additional 300,874 shares during the period. SG Americas Securities LLC’s holdings in DTE Energy were worth $39,518,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its position in shares of DTE Energy by 200.7% in the first quarter. Empowered Funds LLC now owns 9,909 shares of the utilities provider’s stock valued at $1,370,000 after acquiring an additional 6,614 shares in the last quarter. Woodline Partners LP increased its position in shares of DTE Energy by 40.8% during the first quarter. Woodline Partners LP now owns 17,509 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 5,072 shares in the last quarter. Intech Investment Management LLC increased its position in shares of DTE Energy by 6.5% during the first quarter. Intech Investment Management LLC now owns 12,687 shares of the utilities provider’s stock worth $1,754,000 after purchasing an additional 773 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in DTE Energy in the 2nd quarter valued at $203,000. Finally, MAI Capital Management raised its stake in DTE Energy by 8.1% in the 2nd quarter. MAI Capital Management now owns 4,775 shares of the utilities provider’s stock valued at $633,000 after purchasing an additional 359 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Stock Performance

NYSE DTE opened at $143.46 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.55 and a current ratio of 0.80. The stock’s fifty day moving average is $142.06 and its two-hundred day moving average is $137.69. The firm has a market capitalization of $29.84 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. DTE Energy Company has a fifty-two week low of $123.69 and a fifty-two week high of $154.63.

DTE Energy (NYSE:DTE) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. DTE Energy had a return on equity of 12.72% and a net margin of 9.24%.The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, research analysts anticipate that DTE Energy Company will post 7.18 earnings per share for the current year.

DTE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be given a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Analysts Set New Price Targets

Several brokerages have issued reports on DTE. UBS Group lowered their target price on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of DTE Energy from $151.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Jefferies Financial Group raised their price target on shares of DTE Energy from $150.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Argus upgraded shares of DTE Energy to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, Citigroup upped their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.92.

About DTE Energy

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.