DTE Energy Company (DTE) Receiving Somewhat Positive Media Coverage, Analysis Shows

Media stories about DTE Energy Company (NYSE:DTE) have been trending somewhat positive this week, AlphaOne Sentiment reports. AlphaOne, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. DTE Energy Company earned a daily sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave news coverage about the utilities provider an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for DTE Energy Company (NYSE:DTE)

DTE has been the subject of several recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of DTE Energy Company in a research note on Sunday, April 23rd. Zacks Investment Research raised shares of DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research note on Tuesday, April 11th. Deutsche Bank AG lifted their price objective on shares of DTE Energy Company from $100.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price objective (up from $108.50) on shares of DTE Energy Company in a research note on Thursday, April 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $108.00.

Shares of DTE Energy Company (DTE) traded up 0.57% during mid-day trading on Friday, hitting $111.19. 1,364,240 shares of the stock were exchanged. The company has a 50-day moving average price of $107.31 and a 200-day moving average price of $101.63. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 19.57 and a beta of 0.22. DTE Energy Company has a 12 month low of $89.66 and a 12 month high of $111.24.

DTE Energy Company (NYSE:DTE) last issued its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.22. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $2.93 billion. DTE Energy Company had a return on equity of 10.74% and a net margin of 9.04%. The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. Equities analysts expect that DTE Energy Company will post $5.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Monday, June 19th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, June 15th. DTE Energy Company’s payout ratio is 58.10%.

In related news, insider Trevor F. Lauer sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $104.21, for a total transaction of $395,998.00. Following the completion of the sale, the insider now directly owns 10,117 shares of the company’s stock, valued at approximately $1,054,292.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lisa A. Muschong sold 426 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $109.51, for a total value of $46,651.26. Following the sale, the vice president now directly owns 2,543 shares of the company’s stock, valued at $278,483.93. The disclosure for this sale can be found here. Insiders have sold a total of 31,064 shares of company stock valued at $3,309,851 over the last three months. Corporate insiders own 0.53% of the company’s stock.

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DTE Energy Company Company Profile

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