Duke Energy Corp. (NYSE:DUK) Receives $79.17 Consensus PT from Brokerages
Shares of Duke Energy Corp. (NYSE:DUK) have been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $79.85.
A number of brokerages have commented on DUK. SunTrust Banks Inc. reduced their price objective on Duke Energy Corp. from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Mizuho boosted their price objective on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. Scotiabank restated a “sector perform” rating and set a $88.00 price objective (up previously from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. Finally, Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Tuesday, July 12th.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Capital Advisors Inc. OK raised its position in Duke Energy Corp. by 1,262.9% in the fourth quarter. Capital Advisors Inc. OK now owns 126,304 shares of the company’s stock valued at $9,017,000 after buying an additional 117,037 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Duke Energy Corp. by 16.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 138,280 shares of the company’s stock worth $9,872,000 after buying an additional 19,157 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Duke Energy Corp. during the fourth quarter worth about $1,841,000. Meyer Handelman Co. raised its position in shares of Duke Energy Corp. by 0.3% in the fourth quarter. Meyer Handelman Co. now owns 205,536 shares of the company’s stock worth $14,673,000 after buying an additional 700 shares during the period. Finally, Royal London Asset Management Ltd. raised its position in shares of Duke Energy Corp. by 1.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 247,569 shares of the company’s stock worth $17,876,000 after buying an additional 3,166 shares during the period. 56.77% of the stock is owned by institutional investors.
Duke Energy Corp. (NYSE:DUK) opened at 79.61 on Wednesday. The stock has a market cap of $54.85 billion, a P/E ratio of 21.04 and a beta of 0.06. The stock has a 50 day moving average price of $82.29 and a 200-day moving average price of $80.84. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.31.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, equities analysts expect that Duke Energy Corp. will post $4.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were issued a dividend of $0.855 per share. The ex-dividend date was Wednesday, August 10th. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 annualized dividend and a dividend yield of 4.30%. Duke Energy Corp.’s dividend payout ratio is 90.24%.
About Duke Energy Corp.
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
Receive News & Ratings for Duke Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.