Arvest Bank Trust Division Lowers stake in DTE Energy Co (DTE)

DTE Energy Co (DTE) : Arvest Bank Trust Division reduced its stake in DTE Energy Co by 0.96% during the most recent quarter end. The investment management company now holds a total of 123,880 shares of DTE Energy Co which is valued at $11,373,423 after selling 1,197 shares in DTE Energy Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.DTE Energy Co makes up approximately 0.96% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in DTE by selling 631 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 45,816 shares of DTE which is valued at $4,206,367. DTE Energy Co makes up approx 0.09% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DTE by selling 11,277 shares or 18.5% in the most recent quarter. The Hedge Fund company now holds 49,665 shares of DTE which is valued at $4,560,240. DTE Energy Co makes up approx 0.02% of Bnp Paribas Arbitrage Sa’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 -0.41 points or -0.44% at $91.81 with 21,91,820 shares getting traded on Friday. Post opening the session at $92.84, the shares hit an intraday low of $91.79 and an intraday high of $93.44 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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