Somewhat Positive Press Coverage Somewhat Unlikely to Affect DTE Energy (DTE) Share Price
News headlines about DTE Energy (NYSE:DTE) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty 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 earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.1694565665709 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Form 8-K DTE ENERGY CO For: Nov 29 – StreetInsider.com – StreetInsider.com (streetinsider.com)
- Fermi operated at reduced power (monroenews.com)
- $1.21 EPS Expected for DTE Energy Company (DTE) This Quarter (americanbankingnews.com)
- Reviewing DTE Energy (DTE) & UNITIL (UTL) (americanbankingnews.com)
- DTE Energy Company (DTE) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several research firms recently commented on DTE. Credit Suisse Group dropped their target price on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. Bank of America began coverage on DTE Energy in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $112.00 target price for the company. Jefferies Group reiterated a “buy” rating and issued a $121.00 target price on shares of DTE Energy in a research note on Tuesday, August 29th. KeyCorp reiterated a “buy” rating and issued a $113.00 target price on shares of DTE Energy in a research note on Sunday, August 27th. Finally, BidaskClub upgraded DTE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $111.50.
DTE Energy (NYSE DTE) traded down $0.36 during mid-day trading on Friday, reaching $115.21. The company’s stock had a trading volume of 673,516 shares, compared to its average volume of 874,352. DTE Energy has a 1 year low of $93.76 and a 1 year high of $116.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a market capitalization of $20,511.49, a P/E ratio of 22.20, a PEG ratio of 3.44 and a beta of 0.23.
DTE Energy (NYSE:DTE) last posted 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 net margin of 8.01% and a return on equity of 9.56%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm posted $1.96 EPS. DTE Energy’s revenue was up 10.8% on a year-over-year basis. equities analysts predict that DTE Energy will post 5.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, December 18th will be given a dividend of $0.8825 per share. This represents a $3.53 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, December 15th. This is an increase from DTE Energy’s previous quarterly dividend of $0.83. DTE Energy’s payout ratio is 60.44%.
In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $112.93, for a total transaction of $1,399,089.77. Following the completion of the sale, the chairman now owns 83,000 shares of the company’s stock, valued at $9,373,190. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is currently owned by insiders.
About DTE Energy
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