SunTrust Banks set a $82.00 target price on Duke Energy (NYSE:DUK) in a research report report published on Wednesday, January 3rd. The firm currently has a hold rating on the utilities provider’s stock.
DUK has been the subject of a number of other reports. Citigroup boosted their price target on shares of Duke Energy from $74.00 to $77.00 and gave the company a sell rating in a research report on Tuesday, October 17th. ValuEngine cut shares of Duke Energy from a buy rating to a hold rating in a research report on Tuesday, December 19th. Guggenheim reaffirmed a buy rating and issued a $96.00 target price on shares of Duke Energy in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a buy rating and issued a $87.00 target price on shares of Duke Energy in a report on Tuesday, November 7th. Finally, Morgan Stanley upped their target price on shares of Duke Energy from $95.00 to $96.00 and gave the company an equal weight rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Duke Energy currently has a consensus rating of Hold and an average price target of $87.48.
Duke Energy (NYSE DUK) traded down $0.38 during mid-day trading on Wednesday, hitting $78.90. 3,211,130 shares of the stock traded hands, compared to its average volume of 2,582,735. The stock has a market cap of $55,494.06, a price-to-earnings ratio of 26.04, a PEG ratio of 4.10 and a beta of 0.26. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy has a 1 year low of $76.28 and a 1 year high of $91.80.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. sell-side analysts forecast 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. Stockholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.51%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Duke Energy by 3.2% during the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after buying an additional 1,572,216 shares during the period. BlackRock Inc. grew its position in Duke Energy by 1.2% during the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after buying an additional 506,596 shares during the period. Federated Investors Inc. PA grew its position in Duke Energy by 1.5% during the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after buying an additional 141,551 shares during the period. Northern Trust Corp grew its position in Duke Energy by 0.9% during the second quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after buying an additional 84,730 shares during the period. Finally, Legal & General Group Plc grew its position in Duke Energy by 3.4% during the third quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after buying an additional 164,381 shares during the period. Institutional investors and hedge funds 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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