Shares of Duke Energy Corp (NYSE:DUK) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $94.00.
Several research firms have commented on DUK. Goldman Sachs Group upgraded Duke Energy from a “sell” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $93.00 in a research report on Wednesday, November 27th. Mizuho started coverage on shares of Duke Energy in a research note on Friday, November 22nd. They issued a “neutral” rating and a $90.00 target price for the company. Morgan Stanley increased their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Barclays upgraded shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 27th.
Large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Duke Energy by 43.9% in the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock worth $1,033,443,000 after buying an additional 3,574,870 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Duke Energy by 1.9% in the second quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after acquiring an additional 1,102,963 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Duke Energy by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 21,318,682 shares of the utilities provider’s stock worth $2,043,609,000 after acquiring an additional 990,017 shares during the last quarter. BlackRock Inc. increased its position in shares of Duke Energy by 1.8% during the second quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock worth $4,450,250,000 after purchasing an additional 888,787 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Duke Energy by 19.9% during the second quarter. California Public Employees Retirement System now owns 5,267,847 shares of the utilities provider’s stock worth $464,835,000 after purchasing an additional 873,282 shares in the last quarter. Institutional investors own 60.21% of the company’s stock.
Shares of DUK stock traded up $0.39 on Tuesday, hitting $87.68. The company had a trading volume of 175,954 shares, compared to its average volume of 4,866,978. Duke Energy has a twelve month low of $82.46 and a twelve month high of $97.37. The company has a quick ratio of 0.49, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. The firm has a market cap of $64.28 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 3.63 and a beta of 0.05. The company has a 50-day moving average price of $91.56 and a 200-day moving average price of $90.62.
Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.69 by $0.10. The firm had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. Duke Energy’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. Equities research analysts expect that Duke Energy will post 5.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 4.31%. The ex-dividend date is Thursday, November 14th. Duke Energy’s payout ratio is presently 80.08%.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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