SunTrust Banks set a $78.00 target price on Duke Energy (NYSE:DUK) in a report published on Tuesday morning. The firm currently has a hold rating on the utilities provider’s stock.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Duke Energy from a hold rating to a buy rating in a research report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a buy rating and set a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, November 7th. Guggenheim reaffirmed a buy rating and set a $96.00 price objective on shares of Duke Energy in a research report on Wednesday, January 3rd. Morgan Stanley raised their price objective on Duke Energy from $95.00 to $96.00 and gave the company an equal weight rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised Duke Energy from a sell rating to a hold rating in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. Duke Energy presently has an average rating of Hold and a consensus price target of $87.19.
Duke Energy (NYSE DUK) opened at $76.82 on Tuesday. The company has a market capitalization of $53,770.00, a price-to-earnings ratio of 20.16, a PEG ratio of 4.06 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy has a 52 week low of $76.28 and a 52 week high of $91.80.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The company 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. analysts forecast that Duke Energy will post 4.56 EPS for the current year.
The firm 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 $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio is presently 93.44%.
In other Duke Energy 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Duke Energy during the third quarter worth about $112,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Duke Energy during the third quarter worth about $131,000. Acropolis Investment Management LLC acquired a new stake in shares of Duke Energy during the fourth quarter worth about $131,000. AllSquare Wealth Management LLC acquired a new stake in shares of Duke Energy during the third quarter worth about $155,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Duke Energy during the second quarter worth about $181,000. 57.26% of the stock is owned by institutional investors and hedge funds.
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About Duke Energy
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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