Investors purchased shares of Duke Energy Corp (NYSE:DUK) on weakness during trading hours on Thursday. $210.21 million flowed into the stock on the tick-up and $50.89 million flowed out of the stock on the tick-down, for a money net flow of $159.32 million into the stock. Of all companies tracked, Duke Energy had the 7th highest net in-flow for the day. Duke Energy traded down ($0.22) for the day and closed at $89.83

Several research firms recently weighed in on DUK. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Wells Fargo & Co reduced their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Barclays lifted their target price on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Finally, Guggenheim restated a “buy” rating and set a $86.00 target price on shares of Duke Energy in a report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $84.13.

The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $64.04 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 3.77 and a beta of -0.03.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Duke Energy Corp will post 4.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be issued a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 dividend on an annualized basis and a yield of 4.12%. Duke Energy’s dividend payout ratio is currently 81.18%.

Hedge funds have recently modified their holdings of the business. Boothe Investment Group Inc. acquired a new position in Duke Energy in the 2nd quarter worth $420,000. Cornerstone Capital Inc. increased its position in shares of Duke Energy by 6.2% in the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock worth $4,609,000 after purchasing an additional 3,395 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Duke Energy by 69.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock worth $16,994,000 after purchasing an additional 87,950 shares during the last quarter. Millennium Management LLC increased its position in shares of Duke Energy by 23.2% in the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after purchasing an additional 328,285 shares during the last quarter. Finally, ProVise Management Group LLC increased its position in shares of Duke Energy by 1,333.8% in the 2nd quarter. ProVise Management Group LLC now owns 37,050 shares of the utilities provider’s stock worth $2,930,000 after purchasing an additional 34,466 shares during the last quarter. Hedge funds and other institutional investors own 59.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Investors Buy Shares of Duke Energy (DUK) on Weakness” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/investors-buy-shares-of-duke-energy-duk-on-weakness/2671210.html.

About Duke Energy (NYSE:DUK)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Featured Story: Why is insider trading harmful?

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.