Investors Sell Shares of Duke Energy Corporation (DUK) on Strength Following Insider Selling
Investors sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading on Tuesday following insider selling activity. $37.66 million flowed into the stock on the tick-up and $58.54 million flowed out of the stock on the tick-down, for a money net flow of $20.88 million out of the stock. Of all companies tracked, Duke Energy Corporation had the 0th highest net out-flow for the day. Duke Energy Corporation traded up $1.21 for the day and closed at $91.09Specifically, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.07% of the company’s stock.
A number of research analysts have recently commented on DUK shares. Zacks Investment Research lowered shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. KeyCorp restated a “hold” rating on shares of Duke Energy Corporation in a research report on Friday, September 1st. Bank of America Corporation restated a “neutral” rating and set a $92.00 price target on shares of Duke Energy Corporation in a research report on Tuesday, October 24th. Citigroup Inc. boosted their price target on shares of Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Finally, Morgan Stanley boosted their price target on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Duke Energy Corporation currently has an average rating of “Hold” and an average target price of $86.90.
The company has a market cap of $62,913.80, a PE ratio of 20.20, a PEG ratio of 4.91 and a beta of 0.26. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. analysts predict that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 3.91%. Duke Energy Corporation’s payout ratio is 117.49%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Winfield Associates Inc. boosted its position in Duke Energy Corporation 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 buying an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new stake in Duke Energy Corporation during the third quarter valued at about $112,000. Jolley Asset Management LLC boosted its position in Duke Energy Corporation by 26.4% during the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. purchased a new stake in Duke Energy Corporation during the second quarter valued at about $130,000. Finally, AllSquare Wealth Management LLC purchased a new stake in Duke Energy Corporation during the third quarter valued at about $155,000. Institutional investors and hedge funds own 56.29% of the company’s stock.
About Duke Energy Corporation
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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