Investors Buy Duke Energy (DUK) on Weakness

Traders purchased shares of Duke Energy Corp (NYSE:DUK) on weakness during trading on Monday. $82.26 million flowed into the stock on the tick-up and $39.88 million flowed out of the stock on the tick-down, for a money net flow of $42.38 million into the stock. Of all stocks tracked, Duke Energy had the 19th highest net in-flow for the day. Duke Energy traded down ($0.38) for the day and closed at $78.90

A number of research firms have commented on DUK. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday. Citigroup increased their price target on Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Bank of America reiterated a “neutral” rating and issued a $92.00 price target on shares of Duke Energy in a research note on Tuesday, October 24th. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $87.48.

The firm has a market cap of $55,230.00, a P/E ratio of 20.71, a PEG ratio of 4.08 and a beta of 0.26. 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 (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (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 during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. research analysts anticipate that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is 93.44%.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction dated 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 available through this hyperlink. Company insiders own 0.07% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Nelson Roberts Investment Advisors LLC purchased a new position in Duke Energy during the third quarter valued at approximately $112,000. Wealthcare Advisory Partners LLC purchased a new position in Duke Energy during the third quarter valued at approximately $131,000. Acropolis Investment Management LLC purchased a new position in Duke Energy during the fourth quarter valued at approximately $131,000. AllSquare Wealth Management LLC purchased a new position in Duke Energy during the third quarter valued at approximately $155,000. Finally, Camarda Financial Advisors LLC raised its position in Duke Energy by 357.1% during the second quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,664 shares in the last quarter. Institutional investors own 57.26% 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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