Atria Wealth Solutions Inc. Trims Stock Holdings in DTE Energy Company $DTE

Atria Wealth Solutions Inc. trimmed its position in DTE Energy Company (NYSE:DTE) by 54.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,230 shares of the utilities provider’s stock after selling 4,978 shares during the period. Atria Wealth Solutions Inc.’s holdings in DTE Energy were worth $561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Goldman Sachs Group Inc. grew its stake in DTE Energy by 65.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,612,925 shares of the utilities provider’s stock worth $223,019,000 after purchasing an additional 637,378 shares during the period. JPMorgan Chase & Co. grew its stake in DTE Energy by 57.4% in the first quarter. JPMorgan Chase & Co. now owns 1,405,516 shares of the utilities provider’s stock worth $194,341,000 after purchasing an additional 512,567 shares during the period. Nuveen LLC purchased a new stake in DTE Energy in the first quarter worth $67,315,000. The Manufacturers Life Insurance Company grew its stake in DTE Energy by 44.7% in the first quarter. The Manufacturers Life Insurance Company now owns 721,209 shares of the utilities provider’s stock worth $99,722,000 after purchasing an additional 222,894 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in DTE Energy by 1,066.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 210,728 shares of the utilities provider’s stock worth $29,137,000 after purchasing an additional 192,656 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

DTE Energy Trading Up 0.3%

DTE Energy stock opened at $141.99 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.94 and a quick ratio of 0.57. DTE Energy Company has a one year low of $115.59 and a one year high of $143.79. The stock has a market capitalization of $29.48 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The business’s fifty day moving average is $138.55 and its 200 day moving average is $136.00.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts predict that DTE Energy Company will post 7.18 EPS for the current year.

Insider Activity at DTE Energy

In related news, VP Lisa A. Muschong sold 1,600 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $140.53, for a total transaction of $224,848.00. Following the sale, the vice president directly owned 4,153 shares of the company’s stock, valued at $583,621.09. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DTE shares. JPMorgan Chase & Co. upped their price target on DTE Energy from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Morgan Stanley cut their target price on DTE Energy from $140.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. BMO Capital Markets increased their target price on DTE Energy from $140.00 to $144.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Wall Street Zen raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group increased their target price on DTE Energy from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $146.08.

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.