Somewhat Positive News Coverage Somewhat Unlikely to Affect DTE Energy (DTE) Stock Price
Headlines about DTE Energy (NYSE:DTE) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news 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 0.12 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.4035394253011 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- DTE buys easements for wind farms – News – The Daily Reporter … – Coldwater Daily Reporter (thedailyreporter.com)
- Technical Snapshots for Investors: DTE Energy Company (NYSE: DTE) – Alpha Beta Stock (alphabetastock.com)
- DTE Energy Company (DTE) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- ETFs with exposure to DTE Energy Co. : October 17, 2017 (finance.yahoo.com)
- Less than 20K without power in Metro Detroit – The Detroit News (detroitnews.com)
Shares of DTE Energy (NYSE:DTE) opened at 112.14 on Friday. The company has a 50 day moving average of $109.92 and a 200-day moving average of $107.80. DTE Energy has a 12-month low of $89.66 and a 12-month high of $113.71. The company has a market cap of $20.12 billion, a PE ratio of 19.31 and a beta of 0.20.
DTE Energy (NYSE:DTE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. DTE Energy had a net margin of 8.80% and a return on equity of 10.67%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. Equities research analysts anticipate that DTE Energy will post $5.43 earnings per share for the current year.
A number of brokerages recently issued reports on DTE. BidaskClub raised DTE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets restated a “hold” rating and set a $111.00 target price on shares of DTE Energy in a research note on Friday, July 28th. Zacks Investment Research cut DTE Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $121.00 price target on shares of DTE Energy in a research note on Tuesday, August 29th. Finally, KeyCorp reiterated a “buy” rating and issued a $113.00 price target on shares of DTE Energy in a research note on Sunday, August 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. DTE Energy has a consensus rating of “Buy” and an average target price of $108.63.
In related news, insider Mark W. Stiers sold 3,632 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $110.03, for a total transaction of $399,628.96. Following the transaction, the insider now owns 25,257 shares in the company, valued at $2,779,027.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gerard M. Anderson sold 12,000 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $106.83, for a total transaction of $1,281,960.00. Following the transaction, the chairman now owns 80,000 shares in the company, valued at approximately $8,546,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,631 shares of company stock worth $2,756,681. 0.53% of the stock is owned by insiders.
DTE Energy Company Profile
Receive News & Ratings for DTE Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTE Energy Company and related companies with Analyst Ratings Network's FREE daily email newsletter.