Insider Buying: Duke Energy Corp. Director Purchases 5,900 Shares of Stock (DUK)
Duke Energy Corp. (NYSE:DUK) Director John Herron purchased 5,900 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $65.77 per share, with a total value of $388,043.00. Following the completion of the acquisition, the director now directly owns 7,879 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Macquarie cut their price target on shares of Duke Energy Corp. (NYSE:DUK) from $75.00 to $74.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Duke Energy Corp. (NYSE:DUK) from $74.00 to $75.00 in a research note to investors on Thursday, August 8th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Duke Energy Corp. (NYSE:DUK) in a research note to investors on Thursday, August 8th. They now have a $78.00 price target on the stock.
Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $74.69.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.98% during mid-day trading on Tuesday, hitting $64.96. The stock had a trading volume of 2,316,772 shares. Duke Energy Corp. has a 52-week low of $59.63 and a 52-week high of $75.46. The stock has a 50-day moving average of $69.32 and a 200-day moving average of $69.97. The company has a market cap of $45.856 billion and a P/E ratio of 23.20.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.87 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.07. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter last year, the company posted $0.27 earnings per share. Duke Energy Corp.’s revenue was up 64.4% compared to the same quarter last year. Analysts expect that Duke Energy Corp. will post $4.31 EPS for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.