Duke Energy (NYSE:DUK) PT Raised to $112.00

Duke Energy (NYSE:DUK) had its price objective boosted by KeyCorp from $107.00 to $112.00 in a research note published on Monday morning, Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Other research analysts have also issued reports about the company. Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the company a neutral rating in a research report on Friday, April 5th. BMO Capital Markets upped their price target on Duke Energy from $104.00 to $108.00 and gave the company an outperform rating in a research report on Wednesday, May 8th. Bank of America upped their price target on Duke Energy from $96.00 to $100.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. Finally, Wells Fargo & Company dropped their price target on Duke Energy from $103.00 to $100.00 and set an overweight rating on the stock in a research report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Duke Energy currently has an average rating of Hold and a consensus price target of $101.85.

Duke Energy Trading Down 0.9 %

Shares of DUK stock opened at $103.44 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy has a 1 year low of $83.06 and a 1 year high of $104.60. The stock has a fifty day moving average of $98.08 and a two-hundred day moving average of $95.45. The firm has a market capitalization of $79.83 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 earnings per share. As a group, research analysts expect that Duke Energy will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.025 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.10 annualized dividend and a dividend yield of 3.96%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Insider Transactions at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the sale, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,695 shares of company stock worth $2,750,815. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Duke Energy

Large investors have recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC raised its holdings in Duke Energy by 13.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 344 shares in the last quarter. Howard Wealth Management LLC acquired a new position in shares of Duke Energy in the 4th quarter worth approximately $219,000. Dynamic Advisor Solutions LLC increased its holdings in Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after purchasing an additional 1,122 shares in the last quarter. Western Pacific Wealth Management LP increased its holdings in Duke Energy by 39.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 657 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in Duke Energy by 3.4% during the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

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.