Duke Energy Corp (DUK) Sees Significant Decrease in Short Interest

Share on StockTwits

Duke Energy Corp (NYSE:DUK) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 11,187,451 shares, a decline of 50.1% from the May 31st total of 22,414,535 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 4,222,765 shares, the short-interest ratio is currently 2.6 days.

Several analysts have recently issued reports on DUK shares. Morgan Stanley lowered their price objective on shares of Duke Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 13th. JPMorgan Chase & Co. lowered their price objective on shares of Duke Energy from $77.00 to $72.00 and set an “underweight” rating for the company in a research note on Thursday, June 7th. ValuEngine cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. SunTrust Banks set a $80.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a research note on Monday, March 26th. Finally, Goldman Sachs Group cut shares of Duke Energy from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $76.90 to $78.00 in a research note on Wednesday, March 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $82.57.

Duke Energy opened at $79.08 on Friday, Marketbeat.com reports. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. The firm has a market cap of $55.74 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.64 and a beta of 0.12. Duke Energy has a twelve month low of $71.96 and a twelve month high of $91.80.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.76 billion. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. sell-side analysts forecast that Duke Energy will post 4.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Friday, May 18th were issued a dividend of $0.89 per share. The ex-dividend date was Thursday, May 17th. This represents a $3.56 annualized dividend and a dividend yield of 4.50%. Duke Energy’s payout ratio is 77.90%.

In other Duke Energy news, COO Dhiaa M. Jamil sold 3,800 shares of Duke Energy stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $76.98, for a total value of $292,524.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director E Marie Mckee sold 2,006 shares of Duke Energy stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $77.49, for a total transaction of $155,444.94. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Duke Energy by 0.7% during the 1st quarter. BlackRock Inc. now owns 45,802,921 shares of the utilities provider’s stock valued at $3,548,350,000 after acquiring an additional 303,701 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Duke Energy by 23.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,423,147 shares of the utilities provider’s stock valued at $1,504,711,000 after acquiring an additional 3,718,916 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Duke Energy by 38.9% during the 1st quarter. Franklin Resources Inc. now owns 14,032,561 shares of the utilities provider’s stock valued at $1,087,086,000 after acquiring an additional 3,933,094 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Duke Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock worth $629,156,000 after buying an additional 165,972 shares in the last quarter. Finally, Zimmer Partners LP lifted its holdings in Duke Energy by 939.3% in the 1st quarter. Zimmer Partners LP now owns 7,110,600 shares of the utilities provider’s stock worth $550,858,000 after buying an additional 6,426,400 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

Duke Energy Company Profile

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.

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.

Leave a Reply