Somewhat Favorable News Coverage Somewhat Unlikely to Impact DTE Energy (DTE) Stock Price
Press coverage about DTE Energy (NYSE:DTE) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. DTE Energy earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.9235229874162 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- DTE Energy (DTE) Now Covered by UBS Group (americanbankingnews.com)
- DTE Energy Co (DTE) Declares $0.88 Quarterly Dividend (americanbankingnews.com)
- DTE Energy Company: DTE Energy schedules full year 2017 earnings release, conference call (twst.com)
- DTE Energy issues dividend (finance.yahoo.com)
- Detroit youth jobs program enrollment opens – Detroit News – The Detroit News (detroitnews.com)
DTE Energy (DTE) traded down $0.94 during midday trading on Friday, reaching $103.28. The company’s stock had a trading volume of 2,009,781 shares, compared to its average volume of 1,200,000. DTE Energy has a one year low of $96.56 and a one year high of $116.74. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $18,530.00, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.14.
A number of analysts recently issued reports on DTE shares. Wells Fargo & Co raised DTE Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, January 12th. UBS Group started coverage on DTE Energy in a research report on Friday. They set a “neutral” rating and a $108.00 price objective for the company. KeyCorp reissued a “buy” rating and set a $118.50 price objective on shares of DTE Energy in a research report on Friday, December 15th. Credit Suisse Group reduced their price objective on DTE Energy from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Finally, Bank of America started coverage on DTE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $112.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $113.75.
In other DTE Energy news, Chairman Gerard M. Anderson sold 12,389 shares of the firm’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 transaction, the chairman now directly owns 83,000 shares in the company, valued at $9,373,190. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.53% of the stock is owned by company insiders.
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DTE Energy Company Profile
DTE Energy Company is an energy company. Its segments include Electric, which consists of DTE Electric Company, which is engaged in the generation, purchase, distribution and sale of electricity to residential, commercial and industrial customers in southeastern Michigan; Gas, which consists of DTE Gas Company, which is engaged in the purchase, storage, transportation, distribution and sale of natural gas to residential, commercial and industrial customers throughout Michigan; Gas Storage and Pipelines, which consists of natural gas pipeline, gathering and storage businesses; Power and Industrial Projects, which consists of projects that deliver energy and utility-type products and services to industrial, commercial and institutional customers, and sell electricity from renewable energy projects; Energy Trading, which consists of energy marketing and trading operations, and Corporate and Other, which includes various holding company activities and holds certain non-utility debt.
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