Duke Energy (DUK) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Duke Energy (NYSE:DUK) from an underperform rating to a market perform rating in a research report released on Thursday, November 9th, The Fly reports.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada restated a buy rating and issued a $87.00 price objective on shares of Duke Energy in a report on Tuesday, November 7th. SunTrust Banks reiterated a hold rating and set a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Duke Energy from a sell rating to a hold rating in a research note on Monday, October 30th. Bank of America reiterated a neutral rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. Finally, Citigroup boosted their target price on shares of Duke Energy from $74.00 to $77.00 and gave the company a sell rating in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $86.90.

Shares of Duke Energy (NYSE:DUK) opened at $88.98 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. Duke Energy has a 12-month low of $72.34 and a 12-month high of $91.80. The firm has a market capitalization of $62,143.83, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 4.86 and a beta of 0.26.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities research analysts anticipate that Duke Energy will post 4.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.00%. Duke Energy’s dividend payout ratio (DPR) is 117.49%.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUK. Pinebridge Investments L.P. bought a new position in shares of Duke Energy in the 2nd quarter valued at about $500,000. Trust Co. of Virginia VA lifted its holdings in shares of Duke Energy by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Duke Energy by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. IBM Retirement Fund lifted its holdings in shares of Duke Energy by 122.4% in the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after acquiring an additional 9,432 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Duke Energy by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after acquiring an additional 400 shares during the last quarter. 57.34% of the stock is owned by institutional investors and hedge funds.

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Duke Energy 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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