SG Americas Securities LLC Boosts Holdings in DTE Energy Company $DTE

SG Americas Securities LLC boosted its stake in shares of DTE Energy Company (NYSE:DTE) by 5,458.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 306,386 shares of the utilities provider’s stock after purchasing an additional 300,874 shares during the period. SG Americas Securities LLC owned approximately 0.15% of DTE Energy worth $39,518,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DTE. Assenagon Asset Management S.A. boosted its stake in shares of DTE Energy by 10.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 6,427 shares of the utilities provider’s stock worth $829,000 after buying an additional 610 shares during the last quarter. GEM Asset Management LLC raised its position in DTE Energy by 11.3% during the fourth quarter. GEM Asset Management LLC now owns 4,204 shares of the utilities provider’s stock valued at $539,000 after acquiring an additional 427 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in DTE Energy by 58.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 65,555 shares of the utilities provider’s stock valued at $8,525,000 after acquiring an additional 24,071 shares during the period. Nordea Investment Management AB lifted its holdings in DTE Energy by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 302,304 shares of the utilities provider’s stock valued at $39,091,000 after acquiring an additional 12,026 shares during the period. Finally, Procyon Advisors LLC purchased a new stake in DTE Energy in the 4th quarter worth approximately $1,069,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.1%

DTE Energy stock opened at $143.46 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.80 and a quick ratio of 0.55. The stock has a market capitalization of $29.84 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The business has a 50 day simple moving average of $142.06 and a 200-day simple moving average of $137.69. DTE Energy Company has a 12 month low of $123.69 and a 12 month high of $154.63.

DTE Energy (NYSE:DTE) last announced its earnings results on Tuesday, February 17th. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $1.51 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. On average, analysts anticipate that DTE Energy Company 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 Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a dividend of $1.165 per share. This represents a $4.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th. DTE Energy’s dividend payout ratio (DPR) is presently 66.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group raised their price objective 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. UBS Group lowered their price target on shares of DTE Energy from $155.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Mizuho raised their price target on shares of DTE Energy from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of DTE Energy in a report on Friday, February 20th. Finally, Citigroup upped their price objective on shares of DTE Energy from $158.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.92.

DTE Energy Profile

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.