Media headlines about DTE Energy (NYSE:DTE) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DTE Energy earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.9990143418 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- DTE Energy plans energy-efficient natural gas plant in Michigan – Agri-Pulse (agri-pulse.com)
- Bounding Shares, What’s Next for DTE Energy Company (NYSE:DTE) and Molson Coors Brewing Company (NYSE … – FLBC News (flbcnews.com)
- DTE Initiates Last-Ditch Effort in Clean Air Act Case (rtoinsider.com)
- The $50 Billion Backlog Of U.S. Energy Projects (finance.yahoo.com)
- DTE Energy Company (NYSE:DTE) Expected to Announce Earnings of $1.64 Per Share (americanbankingnews.com)
Several equities analysts recently issued reports on DTE shares. Barclays PLC reaffirmed an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of DTE Energy in a report on Sunday, April 23rd. BidaskClub cut DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 price objective (up from $108.50) on shares of DTE Energy in a report on Thursday, April 27th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 price objective on shares of DTE Energy in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $108.00.
DTE Energy (DTE) traded up 0.49% during trading on Thursday, hitting $109.06. The stock had a trading volume of 618,206 shares. The stock has a market cap of $19.56 billion, a PE ratio of 18.78 and a beta of 0.21. DTE Energy has a 1-year low of $89.66 and a 1-year high of $111.35. The firm’s 50-day moving average price is $106.96 and its 200-day moving average price is $104.15.
DTE Energy (NYSE:DTE) last announced its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. DTE Energy had a return on equity of 10.67% and a net margin of 8.80%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. On average, equities research analysts predict that DTE Energy will post $5.41 earnings per share for the current fiscal 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 dividend of $0.825 per share. The ex-dividend date is Friday, September 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.03%. DTE Energy’s dividend payout ratio (DPR) is presently 56.60%.
In other news, VP Lisa A. Muschong sold 426 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 2,543 shares in the company, valued at approximately $278,483.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Larry E. Steward sold 9,999 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $107.52, for a total value of $1,075,092.48. Following the sale, the insider now owns 39,698 shares of the company’s stock, valued at approximately $4,268,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 32,263 shares of company stock valued at $3,489,815 in the last quarter. Insiders own 0.53% of the company’s stock.
About DTE Energy
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