Mercer Global Advisors Inc. ADV Increases Stock Holdings in DTE Energy (NYSE:DTE)

Mercer Global Advisors Inc. ADV lifted its position in shares of DTE Energy (NYSE:DTE) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,468 shares of the utilities provider’s stock after buying an additional 590 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in DTE Energy were worth $3,937,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cranbrook Wealth Management LLC lifted its holdings in shares of DTE Energy by 20.2% in the second quarter. Cranbrook Wealth Management LLC now owns 1,586 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 267 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of DTE Energy by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 730,283 shares of the utilities provider’s stock worth $81,071,000 after purchasing an additional 67,086 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in DTE Energy by 3.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,667,111 shares of the utilities provider’s stock valued at $185,066,000 after buying an additional 59,811 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in DTE Energy by 935.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,092 shares of the utilities provider’s stock valued at $232,000 after buying an additional 1,890 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in DTE Energy by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 143,057 shares of the utilities provider’s stock valued at $15,881,000 after buying an additional 10,632 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

DTE Energy Trading Up 1.3 %

Shares of DTE opened at $125.09 on Friday. DTE Energy has a twelve month low of $90.14 and a twelve month high of $127.59. The firm has a market capitalization of $25.89 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.67. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 1.73. The stock’s fifty day simple moving average is $121.82 and its 200 day simple moving average is $115.01.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.22. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.65 billion. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. During the same period in the previous year, the company posted $0.99 EPS. On average, equities research analysts forecast that DTE Energy will post 6.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DTE has been the topic of several recent research reports. Barclays upped their price objective on DTE Energy from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Scotiabank upped their target price on shares of DTE Energy from $120.00 to $137.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Wells Fargo & Company raised their price target on shares of DTE Energy from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Morgan Stanley boosted their price objective on shares of DTE Energy from $114.00 to $121.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Mizuho raised their target price on shares of DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.58.

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.