Investors Buy Shares of Duke Energy Corporation (DUK) on Weakness
Traders purchased shares of Duke Energy Corporation (NYSE:DUK) on weakness during trading hours on Friday. $56.36 million flowed into the stock on the tick-up and $29.29 million flowed out of the stock on the tick-down, for a money net flow of $27.07 million into the stock. Of all companies tracked, Duke Energy Corporation had the 27th highest net in-flow for the day. Duke Energy Corporation traded down ($0.69) for the day and closed at $88.52
Several equities research analysts have recently commented on the company. ValuEngine raised Duke Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Wolfe Research raised Duke Energy Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of Duke Energy Corporation in a report on Tuesday, November 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $90.00 target price on shares of Duke Energy Corporation in a report on Monday, November 6th. Finally, Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.90.
The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The company has a market cap of $62,440.00, a PE ratio of 20.47, a price-to-earnings-growth ratio of 4.98 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the firm posted $1.68 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. analysts expect that Duke Energy Corporation will post 4.56 EPS for the current fiscal 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 issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is 93.44%.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.07% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DUK. Winfield Associates Inc. increased its holdings in shares of Duke Energy Corporation by 14.3% during the 2nd 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 last quarter. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy Corporation during the 3rd quarter valued at approximately $112,000. Jolley Asset Management LLC boosted its stake in Duke Energy Corporation by 26.4% during the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the period. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation during the 2nd quarter valued at approximately $130,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in Duke Energy Corporation during the 3rd quarter valued at approximately $131,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.
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Duke Energy Corporation 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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