Duke Energy (NYSE:DUK) had its price target raised by Morgan Stanley from $95.00 to $96.00 in a report published on Wednesday. They currently have an equal weight rating on the utilities provider’s stock.
Other analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of Duke Energy from $74.00 to $77.00 and gave the stock a sell rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Duke Energy from a hold rating to a buy rating and set a $97.00 target price on the stock in a report on Thursday, August 24th. Bank of America restated a neutral rating and issued a $92.00 target price on shares of Duke Energy in a report on Tuesday, October 24th. KeyCorp restated a hold rating on shares of Duke Energy in a report on Friday, September 1st. Finally, ValuEngine upgraded shares of Duke Energy from a hold rating to a buy rating in a report on Wednesday, November 15th. Two investment 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. Duke Energy currently has an average rating of Hold and a consensus target price of $87.21.
Shares of Duke Energy (NYSE:DUK) opened at $87.84 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market cap of $61,475.39, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.80 and a beta of 0.26. Duke Energy has a fifty-two week low of $75.78 and a fifty-two week high of $91.80.
Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the firm posted $1.68 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. equities research analysts predict that Duke Energy will post 4.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.05%. Duke Energy’s dividend payout ratio is presently 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. bought a new stake in shares of Duke Energy in the 2nd quarter valued at about $500,000. Trust Co. of Virginia VA raised its holdings in shares of Duke Energy by 11.5% in the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after purchasing an additional 1,392 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Duke Energy by 2,866.0% in the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after purchasing an additional 41,268,968 shares in the last quarter. IBM Retirement Fund raised its holdings in shares of Duke Energy by 122.4% in the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after purchasing an additional 9,432 shares in the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in shares of Duke Energy by 2.0% in the 2nd quarter. Meridian Wealth Management LLC now owns 5,362 shares of the utilities provider’s stock valued at $448,000 after purchasing an additional 104 shares in the last quarter. 57.34% of the stock is 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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