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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:50 EDTDTEDTE Energy upgraded to Buy from Neutral at ISI Group
ISI Group upgraded DTE Energy to Buy from Neutral and raised its price target to $79 from $78 based on NEXUS Pipeline visibility, rate base growth and valuation.
News For DTE From The Last 14 Days
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November 19, 2014
13:01 EDTDTEDTE Energy announces expansion in Bluestone system
DTE Energy (DTE) and Southwestern Energy Co. (SWN) signed an agreement to significantly expand their relationship centered on the Bluestone Pipeline and in-field gathering system. The new gathering agreement increases the infrastructure footprint associated with DTE Energy's gathering assets by approximately 50% in Susquehanna County, Pa. This agreement also increases Southwestern's transportation capacity on the Bluestone Pipeline. The 44.5-mile Bluestone Pipeline can deliver approximately 0.8 Bcf/day of gas to both the Millennium Pipeline in Broome County, N.Y., and the Tennessee Gas Pipeline in Susquehanna County, and is currently increasing its capacity to 1.0 Bcf/d by mid-2016.
November 11, 2014
09:50 EDTDTEBofA/Merrill to hold events at the 49th EEI Financial Conference
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November 10, 2014
17:13 EDTDTEDTE Energy sees FY15 EPS $4.43-$4.67, consensus $4.60
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17:13 EDTDTEDTE Energy reaffirms FY14 EPS view $4.28-$4.42 , consensus $4.36
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16:28 EDTDTEDTE Energy announces plan to purchase Renaissance Power Plant for $240M
DTE Energy announced its plan to purchase the Renaissance Power Plant, a 732 megawatt simple-cycle natural gas facility, for $240M. DTE expects to complete the transaction during 1Q15. The facility, located in Carson City, Michigan, and currently owned by The LS Power Group, will allow DTE to meet the peak demand of approximately 260,000 households on a hot summer day. The purchase will allow DTE to address its current and future resource adequacy requirements.
15:16 EDTDTEEdison Electric Institute to hold a conference
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