Transamerica Financial Advisors buys $1,677,919 stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Transamerica Financial Advisors scooped up 773 additional shares in DTE Energy Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 19,563 shares of DTE Energy Co which is valued at $1,677,919.DTE Energy Co makes up approximately 0.14% of Transamerica Financial Advisors’s portfolio.

DTE Energy Co opened for trading at $86.46 and hit $88.03 on the upside on Wednesday, eventually ending the session at $87.45, with a gain of 1.60% or 1.38 points. The heightened volatility saw the trading volume jump to 9,44,066 shares. Company has a market cap of $15,695 M.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in DTE by selling 6,660 shares or 31.6% in the most recent quarter. The Hedge Fund company now holds 14,416 shares of DTE which is valued at $1,236,460. DTE Energy Co makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in DTE in the latest quarter, The investment management firm added 4,642 additional shares and now holds a total of 35,746 shares of DTE Energy Co which is valued at $3,185,684. DTE Energy Co makes up approx 0.07% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Marshwinds Advisory Co reduced its stake in DTE by selling 2,200 shares or 13.53% in the most recent quarter. The Hedge Fund company now holds 14,058 shares of DTE which is valued at $1,245,398. DTE Energy Co makes up approx 0.64% of Marshwinds Advisory Co’s portfolio.

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.

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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