Duke Energy Corp (NYSE:DUK) announced a quarterly dividend on Monday, July 8th, RTT News reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.945 per share by the utilities provider on Monday, September 16th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93.

Duke Energy has raised its dividend payment by an average of 3.9% per year over the last three years and has raised its dividend every year for the last 12 years. Duke Energy has a dividend payout ratio of 80.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Duke Energy to earn $5.14 per share next year, which means the company should continue to be able to cover its $3.78 annual dividend with an expected future payout ratio of 73.5%.

Shares of NYSE:DUK opened at $89.82 on Wednesday. The firm’s fifty day moving average is $88.60. The firm has a market cap of $65.39 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 3.71 and a beta of 0.12. Duke Energy has a 12-month low of $78.00 and a 12-month high of $91.67. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Sell-side analysts expect that Duke Energy will post 4.93 earnings per share for the current year.

In other news, Director E Marie Mckee sold 1,781 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $87.37, for a total transaction of $155,605.97. Following the transaction, the director now owns 1 shares in the company, valued at approximately $87.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $85.92, for a total transaction of $146,064.00. Following the transaction, the senior vice president now owns 6,091 shares in the company, valued at approximately $523,338.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,598 shares of company stock worth $752,989. Insiders own 0.09% of the company’s stock.

DUK has been the topic of a number of recent research reports. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Barclays cut their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 18th. Morgan Stanley cut their price target on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Finally, Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $90.50.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Dividend History for Duke Energy (NYSE:DUK)

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