Duke Energy Corp (NYSE:DUK) has received a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $85.43.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Morgan Stanley boosted their price target on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. SunTrust Banks restated a “hold” rating and issued a $83.00 price target on shares of Duke Energy in a report on Tuesday, December 26th. Finally, Guggenheim restated a “buy” rating and issued a $96.00 price target on shares of Duke Energy in a report on Wednesday, January 3rd.
Duke Energy (NYSE DUK) traded up $0.85 during mid-day trading on Friday, reaching $77.59. The company’s stock had a trading volume of 6,561,970 shares, compared to its average volume of 4,094,794. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $54,320.21, a price-to-earnings ratio of 17.80, a PEG ratio of 4.47 and a beta of 0.15. Duke Energy has a 52-week low of $72.93 and a 52-week high of $91.80.
Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. sell-side analysts expect that Duke Energy will post 4.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 16th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Thursday, February 15th. Duke Energy’s dividend payout ratio is currently 81.65%.
In related news, COO Dhiaa M. Jamil sold 500 shares of Duke Energy stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total value of $44,540.00. Following the sale, the chief operating officer now owns 34,115 shares of the company’s stock, valued at $3,038,964.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in DUK. Laurel Wealth Advisors Inc. increased its position in Duke Energy by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 32 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Duke Energy by 9.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 310,565 shares of the utilities provider’s stock worth $25,960,000 after buying an additional 27,538 shares during the last quarter. Fairfield Bush & CO. increased its position in Duke Energy by 1.2% during the second quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after buying an additional 75 shares during the last quarter. BB&T Investment Services Inc. acquired a new position in Duke Energy during the second quarter worth approximately $1,261,000. Finally, Westwood Holdings Group Inc. acquired a new position in Duke Energy during the second quarter worth approximately $181,000. 57.13% of the stock is currently 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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