Cranbrook Wealth Management Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Cranbrook Wealth Management reduced its stake in DTE Energy Co by 3.07% during the most recent quarter end. The investment management company now holds a total of 2,050 shares of DTE Energy Co which is valued at $198,174 after selling 65 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.DTE Energy Co makes up approximately 0.10% of Cranbrook Wealth Management’s portfolio.

Other Hedge Funds, Including , Community Financial Services Group added DTE to its portfolio by purchasing 2,085 company shares during the most recent quarter which is valued at $201,557. DTE Energy Co makes up approx 0.10% of Community Financial Services Group’s portfolio. Klingenstein Fields Co added DTE to its portfolio by purchasing 2,050 company shares during the most recent quarter which is valued at $198,174. DTE Energy Co makes up approx 0.01% of Klingenstein Fields Co’s portfolio. Cribstone Capital Management added DTE to its portfolio by purchasing 60 company shares during the most recent quarter which is valued at $5,852. Iowa State Bank added DTE to its portfolio by purchasing 320 company shares during the most recent quarter which is valued at $31,725. DTE Energy Co makes up approx 0.02% of Iowa State Bank’s portfolio.

DTE Energy Co closed down -0.01 points or -0.01% at $95.09 with 7,61,138 shares getting traded on Monday. Post opening the session at $95.24, the shares hit an intraday low of $94.61 and an intraday high of $95.95 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, DTE Energy Co reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.89. The company had revenue of $2262.00 million for the quarter, compared to analysts expectations of $2303.39 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

Investors should note that on Jun 23, 2016, DTE Energy Co announced a cash dividend of $0.7700. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Oct 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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