News stories about DTE Energy (NYSE:DTE) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DTE Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.5917615610442 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

DTE Energy (NYSE:DTE) traded down 2.09% on Wednesday, reaching $107.24. 776,944 shares of the company’s stock were exchanged. DTE Energy has a 12 month low of $89.66 and a 12 month high of $113.71. The firm’s 50-day moving average is $110.59 and its 200-day moving average is $106.68. The firm has a market cap of $19.24 billion, a PE ratio of 18.46 and a beta of 0.22.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 26.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. On average, equities analysts forecast that DTE Energy will post $5.42 earnings per share for the current year.

Several research firms recently issued reports on DTE. Zacks Investment Research lowered shares of DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub lowered shares of DTE Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $111.00 price objective on shares of DTE Energy in a research note on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and issued a $113.00 price objective on shares of DTE Energy in a research note on Sunday, August 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $121.00 price objective on shares of DTE Energy in a research note on Tuesday, August 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.20.

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In other DTE Energy news, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction on 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 completion of the sale, the chairman now owns 80,000 shares in the company, valued at $8,546,400. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction on 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 sale, the insider now owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,631 shares of company stock valued at $2,756,681. Corporate insiders own 0.53% of the company’s stock.

About DTE Energy

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

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