SG Americas Securities LLC Sells 4,905 Shares of DTE Energy Co (DTE)

SG Americas Securities LLC cut its stake in shares of DTE Energy Co (NYSE:DTE) by 29.0% in the third quarter, HoldingsChannel.com reports. The fund owned 12,016 shares of the utilities provider’s stock after selling 4,905 shares during the period. SG Americas Securities LLC’s holdings in DTE Energy were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Regal Investment Advisors LLC boosted its stake in DTE Energy by 26.0% in the 3rd quarter. Regal Investment Advisors LLC now owns 2,463 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 508 shares during the period. Brookstone Capital Management boosted its stake in DTE Energy by 21.5% in the 3rd quarter. Brookstone Capital Management now owns 2,888 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 512 shares during the period. Commonwealth Equity Services LLC boosted its stake in DTE Energy by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 39,923 shares of the utilities provider’s stock worth $4,356,000 after purchasing an additional 521 shares during the period. Neuburgh Advisers LLC boosted its stake in DTE Energy by 8.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 6,952 shares of the utilities provider’s stock worth $721,000 after purchasing an additional 528 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in DTE Energy by 7.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,978 shares of the utilities provider’s stock worth $827,000 after purchasing an additional 541 shares during the period. Institutional investors own 73.13% of the company’s stock.

In related news, CAO Jeffrey A. Jewell sold 4,190 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $120.00, for a total transaction of $502,800.00. Following the sale, the chief accounting officer now owns 11,738 shares in the company, valued at approximately $1,408,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter B. Oleksiak sold 1,850 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $118.67, for a total value of $219,539.50. The disclosure for this sale can be found here. Insiders have sold a total of 16,040 shares of company stock worth $1,919,640 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Several analysts have recently issued reports on the company. Citigroup upped their price objective on DTE Energy from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, September 10th. Wells Fargo & Co upped their price objective on DTE Energy from $118.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, October 25th. Barclays assumed coverage on DTE Energy in a report on Wednesday, August 15th. They set an “equal weight” rating and a $116.00 price objective on the stock. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Bank of America upped their price objective on DTE Energy from $101.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. DTE Energy has an average rating of “Hold” and an average target price of $114.36.

Shares of DTE opened at $119.52 on Friday. The company has a market cap of $21.72 billion, a PE ratio of 17.93, a PEG ratio of 3.16 and a beta of 0.08. DTE Energy Co has a 1 year low of $94.25 and a 1 year high of $121.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.10 and a current ratio of 1.47.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, October 24th. The utilities provider reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.39. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.29 billion. DTE Energy had a return on equity of 11.61% and a net margin of 8.85%. During the same period in the prior year, the firm earned $1.48 EPS. As a group, equities analysts forecast that DTE Energy Co will post 6.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 17th will be issued a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, December 14th. This is a positive change from DTE Energy’s previous quarterly dividend of $0.88. DTE Energy’s dividend payout ratio is presently 63.15%.

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About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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