Wolfe Research upgraded shares of Duke Energy Corporation (NYSE:DUK) from an underperform rating to a market perform rating in a research report released on Thursday, November 9th, The Fly reports.
DUK has been the topic of several other reports. Zacks Investment Research upgraded Duke Energy Corporation from a hold rating to a buy rating and set a $95.00 target price on the stock in a research note on Friday, July 21st. Royal Bank Of Canada restated a buy rating and set a $87.00 target price on shares of Duke Energy Corporation in a research note on Tuesday, August 29th. BidaskClub raised Duke Energy Corporation from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Morgan Stanley lifted their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an equal weight rating in a research report on Thursday, August 10th. Finally, KeyCorp reaffirmed a hold rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $86.90.
Duke Energy Corporation (NYSE:DUK) traded down $0.18 on Thursday, reaching $88.63. The company’s stock had a trading volume of 1,653,034 shares, compared to its average volume of 2,410,000. Duke Energy Corporation has a one year low of $72.34 and a one year high of $91.80. The stock has a market cap of $62,040.00, a P/E ratio of 19.92, a P/E/G ratio of 4.85 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.
Duke Energy Corporation (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, beating the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the business posted $1.68 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. equities analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.02%. Duke Energy Corporation’s payout ratio is 93.44%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. purchased a new stake in Duke Energy Corporation during the 2nd quarter worth approximately $500,000. Trust Co. of Virginia VA increased its stake in Duke Energy Corporation by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after buying an additional 1,392 shares in the last quarter. BlackRock Inc. increased its stake in Duke Energy Corporation by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after buying an additional 41,268,968 shares in the last quarter. IBM Retirement Fund increased its stake in Duke Energy Corporation by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after buying an additional 9,432 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Duke Energy Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after buying an additional 400 shares in the last quarter. 56.30% of the stock is owned by institutional investors.
About Duke Energy Corporation
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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