DTE Energy Co (DTE) : Duff Phelps Investment Management Co reduced its stake in DTE Energy Co by 0.1% during the most recent quarter end. The investment management company now holds a total of 1,611,875 shares of DTE Energy Co which is valued at $145,133,225 after selling 1,660 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.DTE Energy Co makes up approximately 2.27% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Bluecrest Capital Management Ltd added DTE to its portfolio by purchasing 3,305 company shares during the most recent quarter which is valued at $297,582. DTE Energy Co makes up approx 0.03% of Bluecrest Capital Management Ltd’s portfolio.Russell Frank Co reduced its stake in DTE by selling 111,773 shares or 23.45% in the most recent quarter. The Hedge Fund company now holds 364,921 shares of DTE which is valued at $32,536,356. DTE Energy Co makes up approx 0.06% of Russell Frank Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DTE in the latest quarter, The investment management firm added 18,097 additional shares and now holds a total of 147,789 shares of DTE Energy Co which is valued at $12,675,863. DTE Energy Co makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.Legacy Private Trust boosted its stake in DTE in the latest quarter, The investment management firm added 443 additional shares and now holds a total of 30,708 shares of DTE Energy Co which is valued at $2,633,825. DTE Energy Co makes up approx 0.39% of Legacy Private Trust’s portfolio.
DTE Energy Co closed down -0.06 points or -0.07% at $90.28 with 7,93,771 shares getting traded on Tuesday. Post opening the session at $90.64, the shares hit an intraday low of $90.05 and an intraday high of $90.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.