Starfire Investment Advisers Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Starfire Investment Advisers reduced its stake in DTE Energy Co by 0.27% during the most recent quarter end. The investment management company now holds a total of 14,994 shares of DTE Energy Co which is valued at $1,336,265 after selling 40 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.DTE Energy Co makes up approximately 0.87% of Starfire Investment Advisers’s portfolio.

DTE Energy Co opened for trading at $89.11 and hit $89.32 on the upside on Monday, eventually ending the session at $89.24, with a gain of 0.13% or 0.12 points. The heightened volatility saw the trading volume jump to 7,53,548 shares. Company has a market cap of $16,016 M.

Other Hedge Funds, Including , Santa Fe Partners reduced its stake in DTE by selling 16,028 shares or 44.04% in the most recent quarter. The Hedge Fund company now holds 20,364 shares of DTE which is valued at $1,814,840. DTE Energy Co makes up approx 0.30% of Santa Fe Partners’s portfolio. Dnb Asset Management As added DTE to its portfolio by purchasing 16,248 company shares during the most recent quarter which is valued at $1,448,022. DTE Energy Co makes up approx 0.03% of Dnb Asset Management As’s portfolio.Proficio Capital Partners boosted its stake in DTE in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 24 shares of DTE Energy Co which is valued at $2,126.

On the company’s financial health, DTE Energy Co reported $1.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.99. The company had revenue of $2487.00 million for the quarter, compared to analysts expectations of $2868.99 million. The company’s revenue was down -19.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.

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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