DTE Energy Company (DTE) Receiving Somewhat Positive Media Coverage, Analysis Shows

News articles about DTE Energy Company (NYSE:DTE) have trended somewhat positive this week, according to AlphaOne. AlphaOne, a unit of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DTE Energy Company earned a media sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave media stories about the utilities provider an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for DTE Energy Company (NYSE:DTE)

DTE Energy Company (NYSE:DTE) traded up 0.57% during trading on Friday, reaching $111.19. 1,364,240 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $107.31 and its 200-day moving average is $101.63. DTE Energy Company has a 12-month low of $89.66 and a 12-month high of $111.24. The company has a market cap of $19.95 billion, a P/E ratio of 19.57 and a beta of 0.22.

DTE Energy Company (NYSE:DTE) last released its quarterly earnings data on Wednesday, April 26th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.22. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.93 billion. DTE Energy Company had a net margin of 9.04% and a return on equity of 10.74%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. Analysts predict that DTE Energy Company will post $5.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, June 19th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, June 15th. DTE Energy Company’s payout ratio is currently 58.10%.

A number of analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $117.00 target price (up previously from $108.50) on shares of DTE Energy Company in a report on Thursday, April 27th. Barclays PLC reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of DTE Energy Company in a research note on Sunday, April 23rd. Zacks Investment Research raised shares of DTE Energy Company from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG boosted their price target on shares of DTE Energy Company from $100.00 to $103.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $108.00.

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In other news, Chairman Gerard M. Anderson sold 17,000 shares of DTE Energy Company stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $104.77, for a total transaction of $1,781,090.00. Following the sale, the chairman now owns 80,000 shares in the company, valued at $8,381,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bruce D. Peterson sold 5,000 shares of DTE Energy Company stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00. Following the sale, the senior vice president now owns 29,156 shares in the company, valued at approximately $3,209,492.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,064 shares of company stock worth $3,309,851. Company insiders own 0.53% of the company’s stock.

DTE Energy Company Company Profile

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