Reaves W H & Company INC Decreased Its Stake in Dte Energy Co Com (DTE) by $5.31 Million as Shares Declined

June 27, 2018 - By Tracy Fowler

DTE Energy Company (NYSE:DTE) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.89. That’s change of 0.11, from 2017Q4’s 1. 46 investors sold all, 171 reduced holdings as DTE ratio fall. 136 increased holdings while 57 funds amassed holdings. Funds hold 123.78 million shares thus 3.21% more from 2017Q4’s 119.93 million shares. Mitsubishi Ufj Securities Co Limited invested in 0.05% or 130 shs. California Employees Retirement System holds 0.06% or 410,551 shs in its capital. The Michigan-based Aspen Inv Incorporated has invested 0.16% in DTE Energy Company (NYSE:DTE). Brookstone Cap Mgmt stated it has 2,385 shs or 0.02% of all its holdings. First Personal Fincl reported 31 shs. Brandywine Investment Limited Co has 0.11% invested in DTE Energy Company (NYSE:DTE) for 163,333 shs. Moreover, Farmers & Merchants has 0% invested in DTE Energy Company (NYSE:DTE) for 148 shs. Sg Americas Securities Ltd reported 0.03% of its capital in DTE Energy Company (NYSE:DTE). 69,602 were accumulated by Kbc Gp Nv. Fin & Mngmt Grp Limited reported 0.22% in DTE Energy Company (NYSE:DTE). Klingenstein Fields Co Ltd Com accumulated 2,050 shs. Fifth Third Bancorp accumulated 11,314 shs. Cambridge Invest Rech Incorporated invested in 16,451 shs or 0.02% of the stock. Geode Capital Mgmt Ltd Liability Corp holds 0.07% or 2.01M shs. Williams Jones & Associate Limited Co reported 3,000 shs stake.

DTE had 5 sales and 0 insider buys since February 22, 2018. This’s net activity of $3.82 million. The insider Oleksiak Peter B sold 1,000 shs worth $99,885. The insider Ruud David sold $772,147. The insider Muschong Lisa A. sold 1,341 shs worth $135,401.

In 2018Q1 SEC filling is reported Reaves W H & Company Inc’s holdings in Dte Energy Co Com (DTE) which was decreased by 3.21%. The company’s stock declined 1.52% with the market as Reaves W H & Company Inc sold 51,080 shares. At the end of 2018Q1, the 1.54M shares of the central company held by the institutional investor were valued at $160.68M, down from 1.59M at the end of the previous reported quarter. $18.91B is the market cap of Dte Energy Co Com. Ticker’s shares touched $104.17 during the last trading session after 0.94% change.DTE Energy Company has volume of 404,980 shares. Since June 27, 2017 DTE has declined 6.24% and is downtrending. The stock underperformed the S&P500 by 18.81%.

According to a filing Reaves W H & Company Inc rose its stake in South Jersey Ind (NYSE:SJI) by 277,126 shares to 553,490 shares, valued at $15.59M in 2018Q1. The fund operates about $3.03B and $2.83 billion US Long portfolio. For a total of 1.28 million shares it increased its holding in Altice Usa Inc. Cl A by 623,955 shares in the quarter, and has risen its stake in Cms Energy Corp Com (NYSE:CMS).

DTE Energy Company (NYSE:DTE)’s earnings report is anticipated on July, 25., RTT reports. The earnings per share diference is $0.17 or 15.89 % down from last years number. Previous year: $1.07; Analysts forcast: $0.90. The profit will be $163.33M for DTE if $0.90 earnings per share becomes true. Wall Street now forecasts -52.88 % negative EPS growth despite DTE Energy Company last quarter’s EPS of $1.91.

There’s a substantial DTE Energy Company (NYSE:DTE) news published by Benzinga.com. It’s an article titled: “How EVs Are Forcing A Relationship Change Between OEMs, Energy Suppliers, Governments” on June 26, 2018.

DTE Energy Company (NYSE:DTE) Ratings Coverage

Total analysts of 7 have positions in DTE Energy (NYSE:DTE) as follows: 2 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 29%. Since January 2, 2018 according to StockzIntelligence Inc DTE Energy has 8 analyst reports. On Tuesday, February 20 Bank of America maintained DTE Energy Company (NYSE:DTE) with “Underperform” rating. On Tuesday, February 20 the firm has “Neutral” rating given by Credit Suisse. On Monday, June 11 the stock of DTE Energy Company (NYSE:DTE) has “Market Perform” rating given by Wells Fargo. The company rating was upgraded by Wells Fargo on Friday, January 12. On Wednesday, April 18 the company was maintained by KeyBanc Capital Markets. On Tuesday, January 2 the firm earned “Buy” rating by Guggenheim.

DTE Energy Company (NYSE:DTE) Institutional Investors Chart

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