Matthew Davis’ Coann Capital Portfolio: Top 5 Stock Picks

3. DTE Energy Company (NYSE:DTE)

Coann Capital’s Stake Value: $8,494,000

Percentage of Coann Capital’s 13F Portfolio: 8.19%

Number of Hedge Fund Holders: 32

DTE Energy Company (NYSE:DTE) is a top stock pick of Matthew Davis, with Coann Capital owning 76,032 shares in the company, representing 8.19% of the firm’s Q3 portfolio. DTE Energy Company (NYSE:DTE) is an energy company from Detroit serving customers across the United States and Canada. DTE Energy Company (NYSE:DTE) specializes in renewable energy including wind, solar and hydroelectric, as well as power generation via natural gas, nuclear, and coal. 

DTE Energy Company (NYSE:DTE) reported Q3 results on October 27. EPS in the period totaled $1.72, missing estimates by -$0.09. Revenue for the third quarter came in at $3.71, exceeding estimates by $370.19 million. 

As of Q2, 32 hedge funds reported owning stakes in DTE Energy Company (NYSE:DTE), up from 26 in the previous quarter.