Atria Wealth Solutions Inc. Has $1.18 Million Stock Position in DTE Energy (NYSE:DTE)

Atria Wealth Solutions Inc. boosted its holdings in shares of DTE Energy (NYSE:DTE) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,708 shares of the utilities provider’s stock after buying an additional 443 shares during the period. Atria Wealth Solutions Inc.’s holdings in DTE Energy were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. MV Capital Management Inc. increased its position in DTE Energy by 104.4% in the 4th quarter. MV Capital Management Inc. now owns 280 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 143 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in DTE Energy in the 3rd quarter worth about $36,000. Authentikos Wealth Advisory LLC acquired a new position in DTE Energy in the 3rd quarter worth about $43,000. Horizon Bancorp Inc. IN acquired a new position in DTE Energy in the 3rd quarter worth about $54,000. Finally, Cullen Frost Bankers Inc. increased its position in DTE Energy by 17.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 702 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 102 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $111.32 on Thursday. The business has a 50 day moving average price of $109.31 and a 200 day moving average price of $106.49. DTE Energy has a twelve month low of $90.14 and a twelve month high of $116.73. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.76 and a beta of 0.64. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.72.

DTE Energy (NYSE:DTE) last announced its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.04). DTE Energy had a net margin of 10.36% and a return on equity of 11.53%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.81 billion. Research analysts predict that DTE Energy will post 6.69 earnings per share for the current year.

Insider Activity at DTE Energy

In related news, COO Matthew T. Paul sold 5,850 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total transaction of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other DTE Energy news, COO Matthew T. Paul sold 5,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $106.92, for a total value of $625,482.00. Following the completion of the sale, the chief operating officer now owns 6,951 shares in the company, valued at approximately $743,200.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tracy J. Myrick sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $107.04, for a total value of $64,224.00. Following the completion of the sale, the chief accounting officer now owns 3,462 shares of the company’s stock, valued at approximately $370,572.48. The disclosure for this sale can be found here. Insiders sold a total of 20,095 shares of company stock worth $2,168,183 in the last 90 days. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DTE has been the topic of several research reports. TheStreet raised DTE Energy from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Barclays upped their target price on DTE Energy from $115.00 to $119.00 and gave the stock an “overweight” rating in a research report on Tuesday. KeyCorp upped their target price on DTE Energy from $106.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Wolfe Research downgraded DTE Energy from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 16th. Finally, Morgan Stanley upped their price target on DTE Energy from $108.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.50.

DTE Energy Profile

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.