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, The Fly reports.
Several other research analysts have also recently issued reports on DUK. Zacks Investment Research cut Duke Energy Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub upgraded Duke Energy Corporation from a sell rating to a hold rating in a report on Monday, July 24th. BMO Capital Markets restated a hold rating and issued a $87.00 price objective (up previously from $85.00) on shares of Duke Energy Corporation in a report on Friday, August 4th. Deutsche Bank AG restated a hold rating and issued a $84.00 price objective (up previously from $83.00) on shares of Duke Energy Corporation in a report on Wednesday, August 9th. Finally, Morgan Stanley upped their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the company an equal weight rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $86.90.
Shares of Duke Energy Corporation (NYSE:DUK) traded up $0.99 on Thursday, reaching $89.88. The company had a trading volume of 2,589,519 shares, compared to its average volume of 2,581,137. The company has a market cap of $62,220.83, a P/E ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corporation has a 52-week low of $72.34 and a 52-week high of $89.74.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. equities analysts predict that Duke Energy Corporation will post 4.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is currently 117.49%.
Large investors have recently made changes to their positions in the stock. Winfield Associates Inc. lifted its position in shares of Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Duke Energy Corporation in the 3rd quarter worth approximately $112,000. Jolley Asset Management LLC lifted its position in shares of Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 313 shares during the period. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation in the 2nd quarter worth approximately $130,000. Finally, AllSquare Wealth Management LLC bought a new position in shares of Duke Energy Corporation during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.
Duke Energy Corporation Company Profile
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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