Duke Energy Corp (DUK) Receives $85.98 Average PT from Brokerages
Shares of Duke Energy Corp (NYSE:DUK) have earned an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $85.98.
DUK has been the topic of several recent analyst reports. BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Friday, September 15th. Royal Bank of Canada reissued a “buy” rating and set a $87.00 target price on shares of Duke Energy in a research note on Tuesday, August 29th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley boosted their target price on shares of Duke Energy from $89.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th.
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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.07% of the company’s stock.
Large investors have recently modified their holdings of the stock. Winfield Associates Inc. boosted its holdings in Duke Energy by 14.3% during the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy during the third quarter valued at about $112,000. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy in the second quarter valued at about $130,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Duke Energy in the third quarter valued at about $131,000. Finally, AllSquare Wealth Management LLC bought a new stake in shares of Duke Energy in the third quarter valued at about $155,000. Hedge funds and other institutional investors own 57.34% of the company’s stock.
Shares of Duke Energy (NYSE:DUK) traded up $0.32 during trading hours on Friday, hitting $88.37. The stock had a trading volume of 2,244,217 shares, compared to its average volume of 2,590,011. Duke Energy has a one year low of $74.95 and a one year high of $91.80. The firm has a market cap of $61,632.85, a P/E ratio of 19.79, a PEG ratio of 4.82 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 (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating 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 company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts expect that Duke Energy will post 4.56 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is presently 117.49%.
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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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