DTE Energy (NYSE:DTE) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lessened its position in shares of DTE Energy (NYSE:DTE) by 38.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,175 shares of the utilities provider’s stock after selling 728 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in DTE Energy were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTE. Principal Securities Inc. acquired a new stake in DTE Energy during the fourth quarter valued at $54,000. Envestnet Portfolio Solutions Inc. lifted its holdings in DTE Energy by 5.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,003 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 157 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in DTE Energy during the fourth quarter valued at $399,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in DTE Energy by 2.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,176 shares of the utilities provider’s stock valued at $791,000 after purchasing an additional 147 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in DTE Energy by 15.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 50,084 shares of the utilities provider’s stock valued at $5,522,000 after purchasing an additional 6,797 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

Analyst Upgrades and Downgrades

DTE has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, July 26th. LADENBURG THALM/SH SH initiated coverage on shares of DTE Energy in a report on Wednesday, August 14th. They set a “buy” rating and a $131.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Mizuho increased their price objective on shares of DTE Energy from $121.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Scotiabank raised their price target on shares of DTE Energy from $120.00 to $137.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DTE Energy has an average rating of “Moderate Buy” and a consensus target price of $127.58.

DTE Energy Price Performance

DTE Energy stock opened at $124.42 on Thursday. DTE Energy has a 12-month low of $90.14 and a 12-month high of $127.59. The stock has a market cap of $25.75 billion, a P/E ratio of 20.36, a PEG ratio of 2.28 and a beta of 0.67. The company has a 50-day moving average price of $121.40 and a 200 day moving average price of $114.81. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.22. DTE Energy had a net margin of 11.18% and a return on equity of 12.18%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business earned $0.99 earnings per share. Sell-side analysts anticipate that DTE Energy will post 6.7 earnings per share for the current year.

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.