Duke Energy Corp (NYSE:DUK)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank of Canada in a research note issued on Friday. They currently have a $86.00 price objective on the stock. Royal Bank of Canada’s price objective points to a potential upside of 5.94% from the stock’s previous close.
A number of other research analysts also recently commented on DUK. Bank of America Corp downgraded Duke Energy Corp from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $78.00 to $69.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded Duke Energy Corp from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $79.00 to $77.00 in a research note on Friday, December 16th. Vetr downgraded Duke Energy Corp from a “hold” rating to a “sell” rating and set a $73.00 price target for the company. in a research note on Tuesday, December 27th. Citigroup Inc downgraded Duke Energy Corp from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a research note on Wednesday, January 11th. Finally, Credit Suisse Group AG started coverage on Duke Energy Corp in a research note on Wednesday, January 25th. They issued a “neutral” rating and a $81.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $80.06.
Duke Energy Corp (NYSE:DUK) opened at 81.18 on Friday. The stock’s 50 day moving average price is $79.72 and its 200-day moving average price is $78.09. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $87.75. The firm has a market capitalization of $56.79 billion, a price-to-earnings ratio of 26.02 and a beta of 0.14.
Duke Energy Corp (NYSE:DUK) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. Duke Energy Corp had a return on equity of 8.20% and a net margin of 12.27%. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts anticipate that Duke Energy Corp will post $4.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Friday, February 17th were issued a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Wednesday, February 15th. Duke Energy Corp’s dividend payout ratio (DPR) is currently 82.61%.
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In other news, SVP William E. Jr. Currens sold 600 shares of the business’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $82.10, for a total transaction of $49,260.00. Following the sale, the senior vice president now directly owns 5,677 shares in the company, valued at $466,081.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $82.01, for a total value of $410,050.00. Following the sale, the executive vice president now owns 62,564 shares in the company, valued at $5,130,873.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,600 shares of company stock worth $2,915,710. Company insiders own 0.08% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Duke Energy Corp by 0.6% in the fourth quarter. State Street Corp now owns 33,468,331 shares of the company’s stock valued at $2,597,815,000 after buying an additional 190,314 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Duke Energy Corp by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,858,914 shares of the company’s stock valued at $1,509,467,000 after buying an additional 395,913 shares during the period. Capital Research Global Investors boosted its stake in Duke Energy Corp by 32.9% in the third quarter. Capital Research Global Investors now owns 16,845,618 shares of the company’s stock valued at $1,348,323,000 after buying an additional 4,165,845 shares during the period. BlackRock Fund Advisors boosted its stake in Duke Energy Corp by 2.3% in the third quarter. BlackRock Fund Advisors now owns 13,207,117 shares of the company’s stock valued at $1,057,098,000 after buying an additional 296,928 shares during the period. Finally, Northern Trust Corp boosted its stake in Duke Energy Corp by 0.7% in the third quarter. Northern Trust Corp now owns 8,607,904 shares of the company’s stock valued at $688,976,000 after buying an additional 58,343 shares during the period. Institutional investors own 57.01% of the company’s stock.
About Duke Energy Corp
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC; Progress Energy, Inc; Duke Energy Progress, LLC; Duke Energy Florida, LLC; Duke Energy Ohio, Inc , and Duke Energy Indiana, Inc (Duke Energy Indiana).
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