DTE Energy (DTE) Earning Somewhat Positive News Coverage, Accern Reports
Media stories about DTE Energy (NYSE:DTE) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DTE Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.8664953307958 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- BRIEF-DTE Energy reaffirms 2017 operating earnings guidance range of $5.38-$5.69 per share (reuters.com)
- Lynette Dowler named president of DTE Energy Foundation – Crain’s Detroit Business (crainsdetroit.com)
- International Paper Becomes #231 Most Shorted S&P 500 Component, Replacing DTE Energy (marketnewsvideo.com)
- Lynette Dowler Nominated as President of DTE Energy Foundation (dbusiness.com)
- DTE Energy plans to continue capitalizing on renewable opportunities (dailyenergyinsider.com)
DTE Energy (NYSE:DTE) traded up $1.79 during midday trading on Tuesday, reaching $114.24. The company had a trading volume of 1,108,800 shares, compared to its average volume of 875,907. The stock has a market cap of $20,172.44, a price-to-earnings ratio of 21.83, a P/E/G ratio of 3.38 and a beta of 0.23. DTE Energy has a twelve month low of $90.01 and a twelve month high of $114.33. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.08 and a quick ratio of 0.77.
DTE Energy (NYSE:DTE) last released its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $2.80 billion. DTE Energy had a net margin of 8.01% and a return on equity of 9.56%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. research analysts anticipate that DTE Energy will post 5.54 EPS for the current fiscal 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 given a $0.8825 dividend. This is a positive change from DTE Energy’s previous quarterly dividend of $0.83. This represents a $3.53 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, December 15th. DTE Energy’s dividend payout ratio is presently 60.44%.
DTE has been the topic of a number of research reports. KeyCorp reaffirmed a “buy” rating and set a $113.00 target price on shares of DTE Energy in a research report on Sunday, August 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $121.00 target price on shares of DTE Energy in a research report on Tuesday, August 29th. Bank of America Corporation initiated 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. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research report on Friday, July 28th. One 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. The stock has a consensus rating of “Hold” and a consensus target price of $111.50.
In related news, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $110.03, for a total value of $399,628.96. Following the completion of the sale, the insider now directly owns 25,257 shares of the company’s stock, valued at approximately $2,779,027.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.53% of the company’s stock.
About DTE Energy
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