Reaves W H Co Inc buys $144.6 Million stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Reaves W H Co Inc scooped up 57,333 additional shares in DTE Energy Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,591,610 shares of DTE Energy Co which is valued at $144.6 Million.DTE Energy Co makes up approximately 5.17% of Reaves W H Co Inc’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in DTE in the latest quarter, The investment management firm added 1,593 additional shares and now holds a total of 13,319 shares of DTE Energy Co which is valued at $1.2 Million. DTE Energy Co makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. Richard Bernstein Advisors sold out all of its stake in DTE during the most recent quarter. The investment firm sold 68,419 shares of DTE which is valued $6.2 Million.Highpoint Advisor Group boosted its stake in DTE in the latest quarter, The investment management firm added 1,081 additional shares and now holds a total of 4,403 shares of DTE Energy Co which is valued at $392,571. DTE Energy Co makes up approx 0.24% of Highpoint Advisor Group’s portfolio.

DTE Energy Co opened for trading at $90.71 and hit $91.03 on the upside on Monday, eventually ending the session at $90.88, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 4,80,991 shares. Company has a market cap of $16,307 M.

On the company’s financial health, DTE Energy Co reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.49. The company had revenue of $2566.00 million for the quarter, compared to analysts expectations of $2829.24 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.

Investors should note that on May 5, 2016, DTE Energy Co announced a cash dividend of $0.7300. The company’s management has announced Jun 16, 2016 as the ex-dividend date and fixed the record date on Jun 20, 2016. The payable date has been fixed on Jul 15, 2016.

DTE Energy Company (DTE) is an energy company. The Company’s other businesses are involved in natural gas pipelines gathering and storage power and industrial projects and energy marketing and trading operations. Its segments include Electric Gas Gas Storage and Pipelines Power and Industrial Projects Energy Trading and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric which is engaged in the generation purchase distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas which is engaged in the purchase storage transportation distribution and sale of natural gas to approximately 1.2 million residential commercial and industrial customers throughout Michigan and the sale of gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.

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