ValuEngine upgraded shares of Duke Energy Corporation (NYSE:DUK) from a hold rating to a buy rating in a report released on Wednesday.
DUK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Duke Energy Corporation from a sell rating to a hold rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Duke Energy Corporation from a sell rating to a hold rating in a research note on Monday, July 24th. Bank of America Corporation restated a neutral rating and issued a $92.00 price objective on shares of Duke Energy Corporation in a research note on Tuesday, October 24th. SunTrust Banks, Inc. restated a hold rating and issued a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday, October 12th. Finally, Morgan Stanley boosted their price objective on shares of Duke Energy Corporation from $89.00 to $92.00 and gave the stock an equal weight rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $86.90.
Shares of Duke Energy Corporation (NYSE DUK) traded down $0.69 during trading on Wednesday, hitting $88.52. 2,650,206 shares of the stock were exchanged, compared to its average volume of 2,588,295. 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 Corporation has a twelve month low of $72.34 and a twelve month high of $91.80. The firm has a market capitalization 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 quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Duke Energy Corporation’s revenue for the quarter was down 1.4% on a year-over-year basis. equities research analysts anticipate that Duke Energy Corporation will post 4.56 EPS for the current year.
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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 issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 93.44%.
In other Duke Energy Corporation news, 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 value of $449,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DUK. Winfield Associates Inc. increased its holdings in Duke Energy Corporation by 14.3% in the 2nd 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 bought a new stake in shares of Duke Energy Corporation in the 3rd quarter worth about $112,000. Jolley Asset Management LLC grew its holdings in shares of Duke Energy Corporation by 26.4% in the 2nd quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation in the 2nd quarter worth about $130,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in shares of Duke Energy Corporation in the 3rd quarter worth about $131,000. 56.29% of the stock is currently owned by hedge funds and other institutional investors.
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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