SG Americas Securities LLC Purchases 160,516 Shares of DTE Energy (NYSE:DTE)

SG Americas Securities LLC boosted its position in DTE Energy (NYSE:DTE) by 1,585.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,638 shares of the utilities provider’s stock after acquiring an additional 160,516 shares during the period. SG Americas Securities LLC owned 0.08% of DTE Energy worth $20,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DTE. Legacy Investment Solutions LLC bought a new position in DTE Energy in the 3rd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of DTE Energy in the third quarter worth approximately $35,000. Prospera Private Wealth LLC bought a new position in shares of DTE Energy in the third quarter valued at approximately $35,000. Versant Capital Management Inc boosted its position in shares of DTE Energy by 890.0% during the fourth quarter. Versant Capital Management Inc now owns 297 shares of the utilities provider’s stock valued at $36,000 after buying an additional 267 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in DTE Energy during the third quarter worth $39,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $120.08 on Thursday. The firm has a market capitalization of $24.87 billion, a PE ratio of 16.27, a P/E/G ratio of 2.14 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $121.58 and a two-hundred day moving average price of $122.26. DTE Energy has a twelve month low of $102.17 and a twelve month high of $131.66.

DTE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 16th were issued a $1.09 dividend. The ex-dividend date was Monday, December 16th. This is an increase from DTE Energy’s previous quarterly dividend of $1.02. This represents a $4.36 annualized dividend and a yield of 3.63%. DTE Energy’s dividend payout ratio (DPR) is 59.08%.

Analyst Ratings Changes

DTE has been the topic of a number of recent analyst reports. Scotiabank raised their price target on shares of DTE Energy from $137.00 to $147.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley cut their target price on DTE Energy from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. KeyCorp downgraded DTE Energy from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, December 4th. UBS Group raised DTE Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $143.00 in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group assumed coverage on DTE Energy in a research report on Monday, October 21st. They set a “hold” rating and a $137.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

About DTE Energy

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.