Investors sold shares of Duke Energy Corp (NYSE:DUK) on strength during trading hours on Friday. $34.99 million flowed into the stock on the tick-up and $70.10 million flowed out of the stock on the tick-down, for a money net flow of $35.11 million out of the stock. Of all companies tracked, Duke Energy had the 0th highest net out-flow for the day. Duke Energy traded up $0.08 for the day and closed at $80.89
A number of equities research analysts have recently weighed in on DUK shares. Barclays started coverage on Duke Energy in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $86.00 price target for the company. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Wednesday, May 30th. SunTrust Banks reissued a “hold” rating and set a $82.00 price objective on shares of Duke Energy in a report on Monday, April 23rd. Bank of America increased their price objective on Duke Energy from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, April 18th. Finally, ValuEngine lowered Duke Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $83.63.
The firm has a market cap of $57.57 billion, a PE ratio of 17.70, a P/E/G ratio of 3.69 and a beta of 0.10. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last released its earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. equities research analysts predict that Duke Energy Corp will post 4.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 17th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.59%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. Duke Energy’s dividend payout ratio (DPR) is 77.90%.
In other Duke Energy news, EVP Melissa H. Anderson sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $81.76, for a total value of $40,880.00. Following the sale, the executive vice president now owns 15,096 shares of the company’s stock, valued at approximately $1,234,248.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Dhiaa M. Jamil sold 3,800 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold a total of 6,306 shares of company stock worth $488,849 in the last ninety days. Insiders own 0.07% of the company’s stock.
Several large investors have recently made changes to their positions in DUK. Millennium Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $6,487,000. Ashfield Capital Partners LLC grew its holdings in shares of Duke Energy by 20.7% during the 1st quarter. Ashfield Capital Partners LLC now owns 13,412 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 2,303 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Duke Energy by 3.2% during the 1st quarter. Wells Fargo & Company MN now owns 3,667,525 shares of the utilities provider’s stock worth $284,122,000 after purchasing an additional 114,386 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Duke Energy by 7.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 32,635 shares of the utilities provider’s stock worth $2,528,000 after purchasing an additional 2,246 shares in the last quarter. Finally, D.B. Root & Company LLC grew its holdings in shares of Duke Energy by 20.4% during the 1st quarter. D.B. Root & Company LLC now owns 11,072 shares of the utilities provider’s stock worth $858,000 after purchasing an additional 1,876 shares in the last quarter. 59.10% of the stock is currently owned by institutional investors.
About Duke Energy
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.
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