Headlines about DTE Energy Company (NYSE:DTE) have been trending somewhat negative this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news 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 Company earned a news impact score of -0.18 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- DTE Energy Company (DTE) Downgraded to Buy at BidaskClub (americanbankingnews.com)
- 47,000 DTE Energy customers still without power after Michigan storms (mlive.com)
- 69 000 customers without power after thunderstorms lash Metro Detroit (watchers.news)
- 47K Without Power In Metro Detroit, Restoration Sunday For Some (patch.com)
- Thousands without power in metro Detroit Friday after severe storm (theoaklandpress.com)
DTE Energy Company (NYSE:DTE) opened at 108.89 on Friday. The firm has a market cap of $19.53 billion, a PE ratio of 19.16 and a beta of 0.22. The firm has a 50-day moving average price of $107.69 and a 200 day moving average price of $101.98. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $111.35.
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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company posted $1.52 earnings per share. DTE Energy Company’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts forecast that DTE Energy Company will post $5.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, September 18th will be given 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 yield of 3.03%. DTE Energy Company’s dividend payout ratio (DPR) is presently 58.10%.
DTE has been the subject of several research analyst reports. Barclays PLC reissued 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 raised DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Tuesday, April 11th. Deutsche Bank AG boosted their price objective on DTE Energy Company from $100.00 to $103.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reissued 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, BidaskClub cut DTE Energy Company from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. DTE Energy Company has an average rating of “Buy” and a consensus target price of $108.00.
In other DTE Energy Company news, Chairman Gerard M. Anderson sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $104.77, for a total transaction of $1,781,090.00. Following the completion of the sale, the chairman now directly owns 80,000 shares in the company, valued at $8,381,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lisa A. Muschong sold 426 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $109.51, for a total transaction of $46,651.26. Following the sale, the vice president now 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 31,064 shares of company stock valued at $3,309,851 over the last 90 days. Company insiders own 0.53% of the company’s stock.
DTE Energy Company Company Profile
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