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

June 27, 2018 - By Gregory Tomko

DTE Energy Company (NYSE:DTE) Corporate LogoBig Money Sentiment decreased to 0.89 in Q1 2018. It has change of 0.11, from 2017Q4’s 1. The ratio worsened due to DTE positioning: 46 sold and 171 reduced. 57 funds took positions and 136 increased positions. Investors holded 119.93 million in 2017Q4 but now own 123.78 million shares or 3.21% more. Credit Suisse Ag holds 0.02% in DTE Energy Company (NYSE:DTE) or 250,664 shs. Highlander Capital Mngmt Ltd Company accumulated 200 shs. Commerzbank Aktiengesellschaft Fi reported 0.01% in DTE Energy Company (NYSE:DTE). 2,765 were accumulated by Murphy Mngmt. Arrow Financial has invested 0.01% of its capital in DTE Energy Company (NYSE:DTE). Ing Groep Nv accumulated 16,057 shs or 0.03% of the stock. 33 were reported by Cls. 5,010 are held by Veritable L P. Denali Advsr Ltd Llc owns 0.16% invested in DTE Energy Company (NYSE:DTE) for 9,800 shs. 54,821 are held by Proshare Advisors Ltd Llc. Hsbc Public Limited Co owns 197,877 shs. Livforsakringsbolaget Skandia Omsesidigt owns 0.02% invested in DTE Energy Company (NYSE:DTE) for 2,752 shs. Adirondack Trust accumulated 280 shs or 0.02% of the stock. Boston Ptnrs holds 0.2% or 1.60 million shs in its capital. Montecito Bankshares holds 0.11% of its capital in DTE Energy Company (NYSE:DTE) for 3,336 shs.

DTE registered $3.82 million net activity with 0 buys and 5 insider sales since February 22, 2018. Oleksiak Peter B sold $99,885 worth of DTE Energy Company (NYSE:DTE) on Tuesday, June 5. ANDERSON GERARD M sold $1.53 million worth of stock or 15,000 shs. The insider Ruud David sold $772,147.

Reaves W H & Company Inc’s holdings in Dte Energy Co Com (DTE) is reduced by 3.21% based on its latest 2018Q1 regulatory filing with the SEC. By selling 51,080 shares Reaves W H & Company Inc made the stock sank with 1.52%. At the end of 2018Q1, the institutional investor held 1.54M shares of the central company, priced at $160.68 million, down from 1.59M at the end of the previous reported quarter. $18.91B is Dte Energy Co Com’s MC. DTE is touching $104.17 during the last trading session, after increased 0.94%.Currently DTE Energy Company is downtrending after 6.24% change in last June 27, 2017. DTE has 404,980 shares volume. DTE underperformed the S&P 500 by 18.81%.

Reaves W H & Company Inc increased its stake in Ppl Corp Com (NYSE:PPL) by 247,450 shares to 1.25 million shares, valued at $35.48 million in 2018Q1, according to the filing. It operates about $3.03 billion and $2.83B US Long portfolio. For a total of 1.75 million shares it increased its holding in Dominion Res Va New Com (NYSE:D) by 398,275 shares in the quarter, and has risen its stake in Canadian Natl Ry Co Com (NYSE:CNI).

DTE Energy Company (NYSE:DTE)’s quarterly earnings will be reported on July, 25., as reported by RTT. Analysts predict $0.90 EPS. That’s $0.17 down or 15.89 % from 2017’s earnings of $1.07. If DTE’s EPS is $0.90 the profit will be $163.33M for 28.94 P/E. Last quarter $1.91 EPS was reported. Analysts forecasts -52.88 % negative EPS growth this quarter.

There’s a significant DTE Energy Company (NYSE:DTE) news brought out by It’s a report titled: “How EVs Are Forcing A Relationship Change Between OEMs, Energy Suppliers, Governments” on June 26, 2018.

DTE Energy Company (NYSE:DTE) Ratings Coverage

A total of 7 analysts rate DTE Energy (NYSE:DTE) as follows: 2 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 29% are bullish. (NYSE:DTE) has 8 ratings reports on Jun 27, 2018 according to StockzIntelligence. In Wednesday, April 18 report KeyBanc Capital Markets maintained it with “Overweight” rating and $108 target. In Tuesday, January 2 report Guggenheim maintained it with “Buy” rating and $121.0 target. In Monday, June 11 report Wells Fargo downgraded the stock to “Market Perform” rating. On Friday, January 12 Wells Fargo upgraded DTE Energy Company (NYSE:DTE) to “Buy” rating. On Tuesday, February 20 the firm has “Neutral” rating given by Credit Suisse. On Tuesday, February 20 the rating was maintained by Bank of America with “Underperform”.

DTE Energy Company (NYSE:DTE) Institutional Investors Chart

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