DTE Energy (DTE) Given Coverage Optimism Score of 0.13
Headlines about DTE Energy (NYSE:DTE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. DTE Energy earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.4018239068092 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- DTE Energy : He missed his 23rd wedding anniversary in Detroit to turn Miami’s lights back on (4-traders.com)
- DTE Energy’s Fessler retires, Polson receives post – Monroe Evening News (monroenews.com)
- They drove from Detroit. Now they’re bringing Miami’s power back. (miamiherald.com)
- DTE Energy : They drove from Detroit. Now they’re bringing Miami’s power back. (4-traders.com)
- State panel OKs energy rule reviled by critics – The Detroit News (detroitnews.com)
DTE Energy (NYSE DTE) traded up 0.63% on Friday, hitting $111.45. 1,369,971 shares of the stock traded hands. DTE Energy has a 52 week low of $89.66 and a 52 week high of $113.71. The firm’s 50 day moving average is $110.40 and its 200 day moving average is $106.47. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 19.19 and a beta of 0.22.
DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.35 billion. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The company’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. Equities analysts anticipate that DTE Energy will post $5.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, September 18th will be given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, September 15th. DTE Energy’s payout ratio is presently 56.60%.
DTE has been the topic of several recent analyst reports. BidaskClub downgraded shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a report on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a report on Sunday, August 27th. Zacks Investment Research downgraded shares of DTE Energy from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $111.00 target price on shares of DTE Energy in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.20.
In other news, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $106.83, for a total value of $1,281,960.00. Following the transaction, the chairman now directly owns 80,000 shares of the company’s stock, valued at $8,546,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the completion of the transaction, the insider now directly owns 25,257 shares in the company, valued at $2,779,027.71. The disclosure for this sale can be found here. Insiders sold 25,631 shares of company stock worth $2,756,681 over the last three months. Insiders own 0.53% of the company’s stock.
About DTE Energy
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