Reaves W H Co Inc Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Reaves W H Co Inc reduced its stake in DTE Energy Co by 2.99% during the most recent quarter end. The investment management company now holds a total of 1,544,037 shares of DTE Energy Co which is valued at $148,042,268 after selling 47,573 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.DTE Energy Co makes up approximately 5.33% of Reaves W H Co Inc’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors boosted its stake in DTE in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 1,486 shares of DTE Energy Co which is valued at $142,478. DTE Energy Co makes up approx 0.08% of Tci Wealth Advisors’s portfolio.Plante Moran Financial Advisors boosted its stake in DTE in the latest quarter, The investment management firm added 2,845 additional shares and now holds a total of 163,285 shares of DTE Energy Co which is valued at $15,784,761. DTE Energy Co makes up approx 11.24% of Plante Moran Financial Advisors’s portfolio.Boston Private Wealth reduced its stake in DTE by selling 950 shares or 18.02% in the most recent quarter. The Hedge Fund company now holds 4,323 shares of DTE which is valued at $417,904. DTE Energy Co makes up approx 0.02% of Boston Private Wealth’s portfolio.Hudock Capital Group boosted its stake in DTE in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 521 shares of DTE Energy Co which is valued at $50,365. DTE Energy Co makes up approx 0.03% of Hudock Capital Group’s portfolio.Osborne Partners Capital Management reduced its stake in DTE by selling 420 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 3,055 shares of DTE which is valued at $297,954. DTE Energy Co makes up approx 0.04% of Osborne Partners Capital Management’s portfolio.

DTE Energy Co opened for trading at $93.23 and hit $95.41 on the upside on Wednesday, eventually ending the session at $95.07, with a gain of 1.48% or 1.39 points. The heightened volatility saw the trading volume jump to 18,24,244 shares. Company has a market cap of $17,059 M.

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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