Sigma Planning Corp Has $3.63 Million Stake in DTE Energy Company (DTE)
Sigma Planning Corp boosted its holdings in shares of DTE Energy Company (NYSE:DTE) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,820 shares of the utilities provider’s stock after purchasing an additional 2,246 shares during the quarter. Sigma Planning Corp’s holdings in DTE Energy were worth $3,631,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Pacad Investment Ltd. bought a new stake in shares of DTE Energy in the 2nd quarter worth approximately $106,000. Gradient Investments LLC lifted its position in shares of DTE Energy by 0.3% during the 2nd quarter. Gradient Investments LLC now owns 1,048 shares of the utilities provider’s stock worth $111,000 after buying an additional 3 shares during the period. Sun Life Financial INC lifted its position in shares of DTE Energy by 13,030.0% during the 2nd quarter. Sun Life Financial INC now owns 1,313 shares of the utilities provider’s stock worth $139,000 after buying an additional 1,303 shares during the period. Vantage Investment Advisors LLC lifted its position in shares of DTE Energy by 0.8% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,323 shares of the utilities provider’s stock worth $140,000 after buying an additional 10 shares during the period. Finally, Tortoise Capital Advisors L.L.C. lifted its position in shares of DTE Energy by 335.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,340 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,032 shares during the period. Hedge funds and other institutional investors own 68.18% of the company’s stock.
DTE Energy Company (DTE) traded up $1.79 during midday trading on Tuesday, hitting $114.24. The stock had a trading volume of 1,108,800 shares, compared to its average volume of 875,907. The firm has a market cap of $20,172.44, a PE ratio of 21.83, a P/E/G ratio of 3.38 and a beta of 0.23. DTE Energy Company has a one year low of $90.01 and a one year high of $114.33. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts forecast that DTE Energy Company will post 5.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Monday, December 18th will be given a $0.8825 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, December 15th. DTE Energy’s dividend payout ratio (DPR) is currently 60.44%.
In other news, insider Mark W. Stiers sold 3,632 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the transaction, the insider now directly owns 25,257 shares in the company, valued at approximately $2,779,027.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is owned by company insiders.
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A number of equities research analysts recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and set a $113.00 price target on shares of DTE Energy in a report on Sunday, August 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 price target on shares of DTE Energy in a report on Tuesday, August 29th. Bank of America Corporation assumed coverage on DTE Energy in a report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price target for the company. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price target on shares of DTE Energy in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $111.50.
About DTE Energy
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