DTE Energy (DTE) Ratings Placed on Review for Downgrade by Moody's
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UBS Raises Price Target on DTE Energy (DTE) to $112; Reiterates Buy
September 29, 2016 7:42 AM EDTUBS reiterated a Buy rating on DTE Energy (NYSE: DTE), and raised the price target to $112.00 (from $108.00), following announce public offering.
Analyst Julien Dumoulin-Smith commented, "Providing limited EPS benefits through 2019 despite employing equity units, which limits the near-term dilutive impact, the deal... More
DTE Energy (DTE) Increases 2016 Operating Earnings Guidance
September 26, 2016 4:55 PM EDTDTE Energy (NYSE: DTE) disclosed in an SEC filing:
On September 26, 2016, DTE Energy Company (DTE Energy) announced the acquisition of midstream natural gas assets in the southwest portion of the Marcellus/Utica region (the Acquisition). A copy of the slide presentation associated with the Acquisition is furnished as Exhibit 99.1 to this report... MoreDTE Energy (DTE) to Acquire Midstream Natural Gas Assets
September 26, 2016 4:16 PM EDTDTE Energy (NYSE: DTE) announced it will purchase midstream natural gas assets in support of the company's strategy to continue to grow and earn competitive returns for shareholders.
The agreement calls for DTE to purchase 100 percent of Appalachia Gathering System (AGS), located in Pennsylvania and West Virginia, and 40 percent of Stonewall Gas Gathering (SGG), in West Virginia, from M3 Midstream. In addition, DTE will purchase 15 percent of SGG from Vega Energy Partners. The combined purchase price for the assets to be acquired by DTE is $1.3 billion. These assets will... More
