SunTrust Banks reaffirmed their hold rating on shares of Duke Energy (NYSE:DUK) in a report released on Tuesday, December 26th. SunTrust Banks currently has a $83.00 target price on the utilities provider’s stock.
DUK has been the topic of several other research reports. ValuEngine downgraded Duke Energy from a buy rating to a hold rating in a research note on Tuesday, December 19th. Morgan Stanley lifted their target price on Duke Energy from $95.00 to $96.00 and gave the company an equal weight rating in a research note on Wednesday, December 13th. Zacks Investment Research raised Duke Energy from a sell rating to a hold rating in a research note on Tuesday, December 12th. Wolfe Research raised Duke Energy from an underperform rating to a market perform rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada reissued a buy rating and set a $87.00 target price on shares of Duke Energy in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. Duke Energy presently has a consensus rating of Hold and a consensus price target of $87.48.
Duke Energy (DUK) opened at $79.28 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy has a 12 month low of $76.28 and a 12 month high of $91.80. The company has a market capitalization of $55,490.00, a PE ratio of 20.81, a PEG ratio of 4.24 and a beta of 0.26.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy will post 4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Acropolis Investment Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $131,000. North Star Investment Management Corp. lifted its stake in shares of Duke Energy by 277.9% during the 4th quarter. North Star Investment Management Corp. now owns 5,793 shares of the utilities provider’s stock worth $487,000 after acquiring an additional 4,260 shares during the last quarter. Trust Co lifted its stake in shares of Duke Energy by 5.3% during the 3rd quarter. Trust Co now owns 15,688 shares of the utilities provider’s stock worth $1,316,000 after acquiring an additional 785 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd lifted its stake in shares of Duke Energy by 327.5% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 21,800 shares of the utilities provider’s stock worth $1,834,000 after acquiring an additional 16,700 shares during the last quarter. Finally, Lynch & Associates IN lifted its stake in shares of Duke Energy by 6.7% during the 4th quarter. Lynch & Associates IN now owns 29,357 shares of the utilities provider’s stock worth $2,469,000 after acquiring an additional 1,840 shares during the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.
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Duke Energy 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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