Duke Energy (NYSE:DUK – Free Report) had its target price cut by Wells Fargo & Company from $103.00 to $100.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.
Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $98.00 to $101.00 and gave the company a neutral rating in a research note on Wednesday, November 29th. Evercore ISI raised shares of Duke Energy from an in-line rating to an outperform rating and upped their target price for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. StockNews.com raised shares of Duke Energy from a sell rating to a hold rating in a report on Friday, November 3rd. Royal Bank of Canada upgraded shares of Duke Energy from a sector perform rating to an outperform rating and upped their target price for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Finally, KeyCorp upped their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an overweight rating in a research report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of Hold and an average target price of $100.00.
Duke Energy Stock Performance
Duke Energy (NYSE:DUK – Get Free Report) last posted its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. As a group, equities analysts anticipate that Duke Energy will post 5.98 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 16th will be issued a $1.025 dividend. The ex-dividend date is Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.42%. Duke Energy’s dividend payout ratio (DPR) is presently 115.49%.
Institutional Trading of Duke Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Shepherd Financial Partners LLC boosted its holdings in shares of Duke Energy by 0.5% during the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock worth $2,326,000 after buying an additional 94 shares in the last quarter. First Manhattan Co. lifted its stake in Duke Energy by 0.9% during the 4th quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after acquiring an additional 107 shares in the last quarter. First Command Advisory Services Inc. lifted its stake in Duke Energy by 1.4% during the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 110 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Duke Energy by 0.6% during the 1st quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock valued at $1,872,000 after acquiring an additional 112 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in shares of Duke Energy by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock valued at $1,033,000 after purchasing an additional 113 shares during the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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