DTE Energy Company (DTE) Receiving Somewhat Favorable News Coverage, Analysis Shows

Media headlines about DTE Energy Company (NYSE:DTE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DTE Energy Company earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

DTE Energy Company (NYSE:DTE) traded up 0.18% on Monday, reaching $105.45. 302,936 shares of the company’s stock were exchanged. DTE Energy Company has a one year low of $89.66 and a one year high of $111.35. The firm has a market cap of $18.92 billion, a PE ratio of 18.56 and a beta of 0.21. The firm has a 50 day moving average price of $108.49 and a 200 day moving average price of $102.51.

DTE Energy Company (NYSE:DTE) last posted its quarterly earnings results on Wednesday, April 26th. The utilities provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.57 by $0.22. DTE Energy Company had a return on equity of 10.74% and a net margin of 9.04%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts anticipate that DTE Energy Company will post $5.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $3.30 annualized dividend and a dividend yield of 3.14%. DTE Energy Company’s dividend payout ratio is presently 58.10%.

A number of research analysts have weighed in on DTE shares. Barclays PLC reiterated an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of DTE Energy Company in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Tuesday, April 11th. BidaskClub cut shares of DTE Energy Company from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Jefferies Group LLC reiterated a “buy” rating and set a $117.00 price objective (up previously from $108.50) on shares of DTE Energy Company in a research report on Thursday, April 27th. Finally, Deutsche Bank AG boosted their price objective on shares of DTE Energy Company from $100.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $108.00.

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In related news, Chairman Gerard M. Anderson sold 17,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $104.77, for a total value of $1,781,090.00. Following the sale, the chairman now directly owns 80,000 shares in the company, valued at approximately $8,381,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lisa A. Muschong sold 426 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $109.51, for a total transaction of $46,651.26. Following the completion of the sale, the vice president now owns 2,543 shares in the company, valued at $278,483.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,064 shares of company stock worth $3,309,851. Insiders own 0.53% of the company’s stock.

DTE Energy Company Company Profile

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

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