Duff Phelps Investment Management Co Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Duff Phelps Investment Management Co reduced its stake in DTE Energy Co by 33.54% during the most recent quarter end. The investment management company now holds a total of 1,070,675 shares of DTE Energy Co which is valued at $98,502,100 after selling 540,350 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.DTE Energy Co makes up approximately 1.43% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd added DTE to its portfolio by purchasing 3,110 company shares during the most recent quarter which is valued at $288,390. DTE Energy Co makes up approx 0.82% of Parametrica Management Ltd’s portfolio. Private Trust Co Na added DTE to its portfolio by purchasing 6,237 company shares during the most recent quarter which is valued at $578,357. DTE Energy Co makes up approx 0.14% of Private Trust Co Na’s portfolio. Carroll Financial Associates added DTE to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $83,115. DTE Energy Co makes up approx 0.01% of Carroll Financial Associates’s portfolio. Washington Trust Bank added DTE to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $1,469.

DTE Energy Co closed down -0.73 points or -0.79% at $92 with 11,44,518 shares getting traded on Friday. Post opening the session at $92.48, the shares hit an intraday low of $91.92 and an intraday high of $92.81 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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