Duke Energy Corporation (NYSE:DUK) had its price target increased by Citigroup Inc. from $74.00 to $77.00 in a report published on Tuesday, October 17th. Citigroup Inc. currently has a sell rating on the utilities provider’s stock.
A number of other research analysts have also weighed in on DUK. BidaskClub downgraded Duke Energy Corporation from a buy rating to a hold rating in a report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a neutral rating to a buy rating and increased their price target for the company from $82.00 to $85.00 in a report on Monday, June 26th. Morgan Stanley reiterated an equal weight rating and issued a $87.00 price target (down from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Zacks Investment Research upgraded Duke Energy Corporation from a hold rating to a buy rating and set a $93.00 price target for the company in a report on Tuesday, July 11th. Finally, BMO Capital Markets reiterated a hold rating and issued a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $86.25.
Duke Energy Corporation (NYSE DUK) traded up 0.68% during midday trading on Tuesday, reaching $87.95. The company had a trading volume of 2,059,794 shares. The company has a market capitalization of $61.56 billion, a P/E ratio of 26.05 and a beta of 0.24. The firm has a 50-day moving average of $86.14 and a 200 day moving average of $85.11. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $88.52.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company earned $1.07 EPS. Duke Energy Corporation’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts forecast that Duke Energy Corporation will post $4.58 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.05%. Duke Energy Corporation’s payout ratio is currently 105.64%.
In related news, EVP Douglas F. Esamann sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of DUK. Winfield Associates Inc. increased its stake in shares of Duke Energy Corporation by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares during the period. Jolley Asset Management LLC increased its stake in shares of Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new position in shares of Duke Energy Corporation during the second quarter valued at approximately $130,000. Advantage Investment Management LLC grew its position in Duke Energy Corporation by 37.4% in the first quarter. Advantage Investment Management LLC now owns 1,697 shares of the utilities provider’s stock worth $139,000 after buying an additional 462 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in Duke Energy Corporation by 104.1% in the first quarter. Jacobi Capital Management LLC now owns 1,980 shares of the utilities provider’s stock worth $164,000 after buying an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.
Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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