Duke Energy (NYSE:DUK) had its price objective increased by Morgan Stanley from $95.00 to $96.00 in a research report report published on Wednesday. The brokerage currently has an equal weight rating on the utilities provider’s stock.
Other research analysts have also issued reports about the stock. Citigroup increased their target price on shares of Duke Energy from $74.00 to $77.00 and gave the stock a sell rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Duke Energy from a hold rating to a buy rating and set a $97.00 target price on the stock in a research note on Thursday, August 24th. Bank of America reissued a neutral rating and set a $92.00 target price on shares of Duke Energy in a research note on Tuesday, October 24th. KeyCorp reaffirmed a hold rating on shares of Duke Energy in a research note on Friday, September 1st. Finally, ValuEngine raised shares of Duke Energy from a hold rating to a buy rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $87.21.
Shares of Duke Energy (NYSE DUK) traded up $0.43 during midday trading on Wednesday, reaching $87.56. 3,938,100 shares of the company traded hands, compared to its average volume of 2,596,450. The company has a market capitalization of $60,988.87, a price-to-earnings ratio of 19.58, a PEG ratio of 4.77 and a beta of 0.26. Duke Energy has a fifty-two week low of $74.95 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
In other Duke Energy news, EVP Lloyd M. Yates sold 5,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. purchased a new stake in Duke Energy during the second quarter worth about $500,000. Trust Co. of Virginia VA increased its holdings in Duke Energy 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 buying an additional 1,392 shares during the last quarter. BlackRock Inc. increased its holdings in Duke Energy 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 buying an additional 41,268,968 shares during the last quarter. IBM Retirement Fund increased its holdings in Duke Energy 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 buying an additional 9,432 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Duke Energy by 2.0% in the second quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock worth $448,000 after purchasing an additional 104 shares in the last quarter. 57.34% of the stock is currently owned by institutional investors.
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Duke Energy 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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