Dimensional Fund Advisors LP Buys 67,086 Shares of DTE Energy (NYSE:DTE)

Dimensional Fund Advisors LP lifted its stake in DTE Energy (NYSE:DTE) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 730,283 shares of the utilities provider’s stock after buying an additional 67,086 shares during the quarter. Dimensional Fund Advisors LP owned about 0.35% of DTE Energy worth $81,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DTE. Wells Fargo & Company MN raised its stake in shares of DTE Energy by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 151,770 shares of the utilities provider’s stock worth $16,734,000 after buying an additional 19,673 shares during the period. Assetmark Inc. raised its stake in shares of DTE Energy by 17.1% in the fourth quarter. Assetmark Inc. now owns 2,118 shares of the utilities provider’s stock worth $234,000 after buying an additional 309 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of DTE Energy by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,592 shares of the utilities provider’s stock worth $6,240,000 after buying an additional 345 shares during the period. Hsbc Holdings PLC raised its stake in shares of DTE Energy by 15.5% in the fourth quarter. Hsbc Holdings PLC now owns 296,993 shares of the utilities provider’s stock worth $32,722,000 after buying an additional 39,836 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of DTE Energy by 66.5% in the fourth quarter. Allianz Asset Management GmbH now owns 29,575 shares of the utilities provider’s stock worth $3,261,000 after buying an additional 11,809 shares during the period. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DTE. Mizuho raised their price objective on DTE Energy from $121.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. BMO Capital Markets lifted their target price on DTE Energy from $126.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Wells Fargo & Company lifted their target price on DTE Energy from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. StockNews.com raised DTE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, KeyCorp lifted their target price on DTE Energy from $126.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.17.

DTE Energy Stock Performance

NYSE:DTE opened at $125.56 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.52. DTE Energy has a 1 year low of $90.14 and a 1 year high of $127.59. The stock’s 50 day simple moving average is $122.29 and its two-hundred day simple moving average is $115.22. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.32 and a beta of 0.67.

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 analysts’ consensus estimates of $1.21 by $0.22. DTE Energy had a return on equity of 12.18% and a net margin of 11.18%. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, equities analysts anticipate that DTE Energy will post 6.7 earnings per share for the current fiscal year.

DTE Energy Company 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.