Mercer Global Advisors Inc. ADV Has $4.12 Million Holdings in DTE Energy (NYSE:DTE)

Mercer Global Advisors Inc. ADV lessened its position in shares of DTE Energy (NYSE:DTE - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,151 shares of the utilities provider's stock after selling 3,072 shares during the period. Mercer Global Advisors Inc. ADV's holdings in DTE Energy were worth $4,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of DTE Energy by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 25,286,380 shares of the utilities provider's stock worth $3,053,330,000 after acquiring an additional 879,670 shares during the period. Capital World Investors lifted its holdings in shares of DTE Energy by 123.2% during the 4th quarter. Capital World Investors now owns 6,823,231 shares of the utilities provider's stock worth $823,905,000 after acquiring an additional 3,766,221 shares during the period. Geode Capital Management LLC lifted its holdings in shares of DTE Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,920,971 shares of the utilities provider's stock worth $592,642,000 after acquiring an additional 115,270 shares during the period. Boston Partners lifted its holdings in shares of DTE Energy by 25.1% during the 4th quarter. Boston Partners now owns 2,899,823 shares of the utilities provider's stock worth $350,150,000 after acquiring an additional 582,643 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of DTE Energy by 50.2% during the 4th quarter. Invesco Ltd. now owns 2,462,592 shares of the utilities provider's stock worth $297,358,000 after acquiring an additional 822,854 shares during the period. Institutional investors own 76.06% of the company's stock.

Insiders Place Their Bets

In other DTE Energy news, SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $132.40, for a total value of $935,008.80. Following the completion of the sale, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. This trade represents a 33.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Tracy J. Myrick sold 1,014 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.92, for a total transaction of $131,738.88. Following the completion of the sale, the chief accounting officer now owns 3,437 shares of the company's stock, valued at $446,535.04. The trade was a 22.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,877 shares of company stock worth $1,559,205. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DTE shares. Morgan Stanley upped their price target on shares of DTE Energy from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Wells Fargo & Company increased their price objective on shares of DTE Energy from $145.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Barclays downgraded shares of DTE Energy from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $137.00 to $135.00 in a research note on Thursday, February 20th. Guggenheim increased their price objective on shares of DTE Energy from $139.00 to $147.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, Evercore ISI increased their price objective on shares of DTE Energy from $136.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, DTE Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.31.

DTE Energy Trading Up 0.2%

NYSE DTE traded up $0.27 on Friday, hitting $135.98. The company's stock had a trading volume of 913,013 shares, compared to its average volume of 1,214,335. The company has a quick ratio of 0.46, a current ratio of 0.71 and a debt-to-equity ratio of 1.77. DTE Energy has a 1-year low of $108.40 and a 1-year high of $140.39. The company's 50-day moving average is $134.22 and its 200 day moving average is $126.97. The firm has a market cap of $28.22 billion, a PE ratio of 20.09, a PEG ratio of 2.41 and a beta of 0.47.

DTE Energy (NYSE:DTE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.12. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the company posted $1.67 EPS. As a group, analysts predict that DTE Energy will post 7.18 earnings per share for the current fiscal year.

DTE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Monday, June 16th. DTE Energy's payout ratio is 58.92%.

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.