5 Stocks Billionaire Steve Cohen Just Bought and Sold

4. DTE Energy Co (NYSE:DTE)

Value of Position: $150.45 million

Bought or Sold: Sold

DTE Energy Co (NYSE:DTE) is another utility company in which Point72 sold out its position during the third quarter. In the previous 13F filing, the fund disclosed ownership of 1.51 million shares. For the last quarter, DTE Energy Co (NYSE:DTE) reported lower-than-expected results with EPS of $1.44 missing the consensus by $0.20 and the revenue of $2.89 billion was $2.48 billion lower than anticipated.

At the end of September, 27 hedge funds held shares of DTE Energy Co (NYSE:DTE). And even though the number of bullish investors remained unchanged over the quarter, the aggregate value of their holdings slid to $254.69 million from $613.58 million.