SunTrust Banks set a $82.00 target price on Duke Energy (NYSE:DUK) in a report published on Wednesday, January 3rd. The brokerage currently has a hold rating on the utilities provider’s stock.
Other equities research analysts also recently issued reports about the stock. Citigroup raised their target price on shares of 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 set a $92.00 price target on shares of Duke Energy in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Duke Energy from a sell rating to a hold rating in a research report on Tuesday, December 12th. ValuEngine upgraded shares of Duke Energy from a hold rating to a buy rating in a research report on Wednesday, November 15th. Finally, Wolfe Research upgraded shares of Duke Energy from an underperform rating to a market perform rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $87.34.
Shares of Duke Energy (DUK) traded down $0.07 during trading on Wednesday, hitting $78.83. 3,721,416 shares of the stock were exchanged, compared to its average volume of 3,310,000. Duke Energy has a 52-week low of $76.28 and a 52-week high of $91.80. The stock has a market capitalization of $55,180.00, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 4.09 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 (NYSE:DUK) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy had a net margin of 14.76% and a return on equity of 9.25%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. equities research analysts expect that Duke Energy will post 4.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio is 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were 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 SEC, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of Duke Energy in the second quarter worth approximately $500,000. Trust Co. of Virginia VA lifted its stake in Duke Energy by 11.5% in the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 1,392 shares during the period. BB&T Investment Services Inc. lifted its stake in Duke Energy by 12.8% in the third quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after acquiring an additional 1,923 shares during the period. IBM Retirement Fund lifted its stake in Duke Energy by 122.4% in the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after acquiring an additional 9,432 shares during the period. Finally, Sei Investments Co. lifted its stake in Duke Energy by 26.4% in the third quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after acquiring an additional 31,789 shares during the period. Hedge funds and other institutional investors own 57.21% of the company’s stock.
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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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