ValuEngine cut shares of Duke Energy (NYSE:DUK) from a hold rating to a sell rating in a report released on Thursday morning.
A number of other equities analysts also recently issued reports on the stock. Goldman Sachs downgraded shares of Duke Energy from a neutral rating to a sell rating and increased their price objective for the company from $76.90 to $78.00 in a research note on Wednesday, March 28th. JPMorgan Chase increased their price objective on shares of Duke Energy from $77.00 to $78.00 and gave the company an underweight rating in a research note on Tuesday, April 10th. Deutsche Bank upgraded shares of Duke Energy from a hold rating to a buy rating and increased their price objective for the company from $77.22 to $86.00 in a research note on Monday, February 26th. Royal Bank of Canada reiterated a buy rating and set a $90.00 price objective on shares of Duke Energy in a research note on Wednesday, March 14th. Finally, SunTrust Banks set a $80.00 price objective on shares of Duke Energy and gave the company a hold rating in a research note on Monday, March 26th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $84.29.
Shares of NYSE DUK traded down $0.90 during midday trading on Thursday, reaching $73.25. 186,516 shares of the company’s stock traded hands, compared to its average volume of 3,930,750. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.39 and a current ratio of 0.64. Duke Energy has a one year low of $75.80 and a one year high of $77.05. The company has a market cap of $53.30 billion, a PE ratio of 16.12, a P/E/G ratio of 4.14 and a beta of 0.10.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, May 10th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.14. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period last year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. analysts forecast that Duke Energy will post 4.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Shareholders of record on Friday, May 18th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $3.56 annualized dividend and a yield of 4.86%. Duke Energy’s dividend payout ratio (DPR) is 77.90%.
In other Duke Energy news, COO Dhiaa M. Jamil sold 3,800 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total value of $292,524.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Marie Mckee sold 2,006 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $77.49, for a total transaction of $155,444.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,894 shares of company stock valued at $454,703. 0.07% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its holdings in shares of Duke Energy by 9.7% in the first quarter. Xact Kapitalforvaltning AB now owns 71,775 shares of the utilities provider’s stock worth $5,560,000 after buying an additional 6,374 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Duke Energy by 6.5% in the first quarter. Trust Co. of Vermont now owns 16,213 shares of the utilities provider’s stock worth $1,256,000 after buying an additional 990 shares during the last quarter. OLD Republic International Corp raised its holdings in shares of Duke Energy by 19.8% in the first quarter. OLD Republic International Corp now owns 578,131 shares of the utilities provider’s stock worth $44,788,000 after buying an additional 95,500 shares during the last quarter. M Holdings Securities Inc. raised its holdings in shares of Duke Energy by 12.1% in the first quarter. M Holdings Securities Inc. now owns 7,388 shares of the utilities provider’s stock worth $572,000 after buying an additional 797 shares during the last quarter. Finally, Gables Capital Management Inc. purchased a new position in shares of Duke Energy in the first quarter worth $673,000. 57.45% of the stock is owned by institutional investors and hedge funds.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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