Media headlines about DTE Energy (NYSE:DTE) have been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. DTE Energy earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave media stories about the utilities provider an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:
- DTE Energy : confirms renewable stance, coal-fired plant shutdown by 2023 (4-traders.com)
- DTE restores power to 66,000 customers Friday morning; 9,500 remain without (mlive.com)
- DTE Energy: Wind knocked out power to 66,000 customers this week in SE Michigan (clickondetroit.com)
- Businesses coordinate efforts to stabilize Cody Rouge, create career … – Crain’s Detroit Business (crainsdetroit.com)
- Michigan’s two major utilities announce increased commitment to renewables (midwestenergynews.com)
DTE Energy (NYSE:DTE) opened at 106.03 on Friday. The company’s 50-day moving average is $104.09 and its 200 day moving average is $99.37. DTE Energy has a 52 week low of $87.69 and a 52 week high of $106.21. The stock has a market cap of $19.02 billion, a PE ratio of 18.66 and a beta of 0.20.
DTE Energy (NYSE:DTE) last announced its earnings results on Wednesday, April 26th. The utilities provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.22. DTE Energy had a return on equity of 10.44% and a net margin of 8.17%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the business posted $1.52 EPS. DTE Energy’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, analysts expect that DTE Energy will post $5.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Monday, June 19th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 3.11%. DTE Energy’s dividend payout ratio (DPR) is 68.46%.
Several analysts have commented on DTE shares. Jefferies Group LLC lifted their price objective on shares of DTE Energy to $108.50 in a research report on Friday, February 10th. Zacks Investment Research raised shares of DTE Energy from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Tuesday, April 11th. Deutsche Bank AG boosted their price target on shares of DTE Energy from $100.00 to $103.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Credit Suisse Group AG initiated coverage on shares of DTE Energy in a research report on Wednesday, January 25th. They issued a “neutral” rating and a $102.00 price target on the stock. Finally, Barclays PLC reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy in a research report on Sunday, April 23rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. DTE Energy presently has a consensus rating of “Buy” and an average target price of $108.00.
In related news, Vice Chairman Steven E. Kurmas sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $98.25, for a total transaction of $982,500.00. Following the completion of the transaction, the insider now directly owns 48,452 shares in the company, valued at approximately $4,760,409. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gerard M. Anderson sold 17,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $104.77, for a total value of $1,781,090.00. Following the transaction, the chairman now owns 80,000 shares of the company’s stock, valued at $8,381,600. The disclosure for this sale can be found here. Insiders have sold a total of 32,571 shares of company stock valued at $3,338,672 over the last 90 days. 0.93% of the stock is currently owned by company insiders.
About DTE Energy
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