Hirtle Callaghan Co Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Hirtle Callaghan Co reduced its stake in DTE Energy Co by 17.68% during the most recent quarter end. The investment management company now holds a total of 582 shares of DTE Energy Co which is valued at $56,262 after selling 125 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 0.01% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in DTE by selling 799 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 36,552 shares of DTE which is valued at $3,533,482. DTE Energy Co makes up approx 0.08% of Oregon Public Employees Retirement Fund’s portfolio. Achievement Holdings sold out all of its stake in DTE during the most recent quarter. The investment firm sold 317,017 shares of DTE which is valued $30,823,563. Capital One National Association added DTE to its portfolio by purchasing 2,150 company shares during the most recent quarter which is valued at $209,690. DTE Energy Co makes up approx 0.02% of Capital One National Association’s portfolio. Acadian Asset Management added DTE to its portfolio by purchasing 134 company shares during the most recent quarter which is valued at $13,069.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in DTE in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 24,752 shares of DTE Energy Co which is valued at $2,425,201. DTE Energy Co makes up approx 0.10% of Livforsakringsbolaget Skandia Omsesidigt’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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