DTE Energy (DTE) Given Daily News Impact Rating of 0.17
Media coverage about DTE Energy (NYSE:DTE) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DTE Energy earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.831945828587 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- DTE Energy honors Dearborn man, team for plan to energize Ford Research and Engineering Center (pressandguide.com)
- DTE Energy Co : Earnings Review and Free Research Report: DTE Energy’s Revenue Increased 10.8% (4-traders.com)
- DTE Energy Company (NYSE:DTE) Releases FY17 Earnings Guidance – Newburgh Gazette (newburghgazette.com)
- BRIEF-DTE Energy reaffirms 2017 operating earnings guidance range of $5.38-$5.69 per share (reuters.com)
A number of analysts have recently commented on the company. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Credit Suisse Group cut their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. BMO Capital Markets reiterated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Bank of America Corporation assumed coverage on DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. DTE Energy presently has an average rating of “Hold” and a consensus target price of $111.50.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.05). DTE Energy had a return on equity of 9.56% and a net margin of 8.01%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the business earned $1.96 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts forecast that DTE Energy will post 5.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, December 18th will be issued a dividend of $0.8825 per share. The ex-dividend date is Friday, December 15th. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s dividend payout ratio (DPR) is currently 60.44%.
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About DTE Energy
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