Shares of Duke Energy Corp (NYSE:DUK) have earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $82.31.
A number of analysts recently issued reports on DUK shares. Morgan Stanley reissued an “equal weight” rating and set a $83.00 target price (down from $85.00) on shares of Duke Energy in a research note on Thursday, March 8th. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Wednesday, May 30th. Royal Bank of Canada reissued a “buy” rating and set a $90.00 target price on shares of Duke Energy in a research note on Wednesday, March 14th. SunTrust Banks reissued a “hold” rating and set a $82.00 target price on shares of Duke Energy in a research note on Monday, April 23rd. Finally, Bank of America increased their target price on Duke Energy from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th.
In other news, Director E Marie Mckee sold 2,006 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $77.49, for a total value of $155,444.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 3,800 shares of the stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total value of $292,524.00. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its holdings in shares of Duke Energy by 5.1% in the 1st quarter. Essex Financial Services Inc. now owns 14,488 shares of the utilities provider’s stock valued at $1,122,000 after buying an additional 703 shares during the last quarter. Cedar Hill Associates LLC boosted its holdings in shares of Duke Energy by 16.4% in the 4th quarter. Cedar Hill Associates LLC now owns 5,027 shares of the utilities provider’s stock valued at $419,000 after buying an additional 708 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Duke Energy by 11.4% in the 1st quarter. King Luther Capital Management Corp now owns 7,004 shares of the utilities provider’s stock valued at $543,000 after buying an additional 718 shares during the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Duke Energy by 1.7% in the 4th quarter. ETRADE Capital Management LLC now owns 41,916 shares of the utilities provider’s stock valued at $3,526,000 after buying an additional 720 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of Duke Energy by 8.9% in the 1st quarter. WINTON GROUP Ltd now owns 8,790 shares of the utilities provider’s stock valued at $681,000 after buying an additional 721 shares during the last quarter. 59.05% of the stock is owned by institutional investors.
Duke Energy traded down $0.15, reaching $79.08, during trading hours on Tuesday, according to MarketBeat.com. 3,384,900 shares of the company’s stock were exchanged, compared to its average volume of 3,899,682. Duke Energy has a one year low of $71.96 and a one year high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market cap of $55.74 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 3.64 and a beta of 0.12.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.14. Duke Energy had a return on equity of 8.10% and a net margin of 12.33%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the business earned $1.04 EPS. Duke Energy’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts predict that Duke Energy will post 4.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Friday, May 18th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $3.56 annualized dividend and a dividend yield of 4.50%. Duke Energy’s dividend payout ratio is currently 77.90%.
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.
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