ValuEngine upgraded shares of Duke Energy Corporation (NYSE:DUK) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.
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 set 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 set a $88.00 price objective on shares of Duke Energy Corporation in a research note on Thursday, October 12th. Finally, Morgan Stanley increased 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 investment 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. Duke Energy Corporation has an average rating of Hold and a consensus target price of $86.90.
Duke Energy Corporation (NYSE DUK) opened at $88.52 on Wednesday. The stock 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. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $91.80.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS 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 company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the prior year, the business posted $1.68 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. equities analysts forecast that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The business also recently disclosed 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 of this dividend is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.02%. 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 firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.07% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. acquired a new stake in Duke Energy Corporation during the second quarter worth approximately $500,000. Trust Co. of Virginia VA lifted its position in Duke Energy Corporation by 11.5% during the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after acquiring an additional 1,392 shares during the last quarter. BlackRock Inc. lifted its position in Duke Energy Corporation by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after acquiring an additional 41,268,968 shares during the last quarter. IBM Retirement Fund lifted its position in Duke Energy Corporation by 122.4% during the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after acquiring an additional 9,432 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Duke Energy Corporation by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
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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