News stories about DTE Energy (NYSE:DTE) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing 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 0.16 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 45.6396178662587 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on the stock. KeyCorp reissued a “buy” rating and set a $107.00 price objective on shares of DTE Energy in a research report on Thursday, March 15th. Guggenheim reissued a “buy” rating and set a $112.00 price objective on shares of DTE Energy in a research report on Friday, February 23rd. Bank of America increased their price objective on shares of DTE Energy from $101.00 to $104.00 and gave the company an “underperform” rating in a research report on Tuesday, February 20th. Credit Suisse Group reissued a “neutral” rating and set a $107.00 price objective (up from $106.00) on shares of DTE Energy in a research report on Tuesday, February 20th. Finally, UBS assumed coverage on shares of DTE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $108.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $110.40.
Shares of NYSE DTE traded up $0.28 during trading on Monday, reaching $104.34. 1,113,065 shares of the company traded hands, compared to its average volume of 1,339,609. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 1.22. The company has a market cap of $18,666.80, a PE ratio of 18.67, a PEG ratio of 2.99 and a beta of 0.15. DTE Energy has a 52-week low of $97.66 and a 52-week high of $116.74.
DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Friday, February 16th. The utilities provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.17 billion. DTE Energy had a net margin of 8.99% and a return on equity of 10.81%. During the same quarter last year, the firm posted $0.81 EPS. equities research analysts anticipate that DTE Energy will post 5.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.8825 per share. This represents a $3.53 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 16th. DTE Energy’s payout ratio is presently 63.15%.
In other news, VP Lisa A. Muschong sold 1,341 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $100.97, for a total transaction of $135,400.77. Following the sale, the vice president now owns 2,676 shares of the company’s stock, valued at approximately $270,195.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Ruud sold 7,680 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $100.54, for a total transaction of $772,147.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,521 shares of company stock worth $2,189,173. Insiders own 0.59% of the company’s stock.
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About DTE Energy
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
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