Duke Energy Corp (NYSE:DUK) Director Theodore F. Craver, Jr. purchased 3,500 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were acquired at an average price of $83.73 per share, with a total value of $293,055.00. Following the completion of the acquisition, the director now owns 5,706 shares in the company, valued at approximately $477,763.38. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Duke Energy Corp (NYSE:DUK) traded down 0.12% on Friday, reaching $83.15. 1,484,243 shares of the company were exchanged. The firm has a 50-day moving average of $82.59 and a 200 day moving average of $79.17. The firm has a market capitalization of $58.20 billion, a P/E ratio of 26.51 and a beta of 0.14. Duke Energy Corp has a 12-month low of $72.34 and a 12-month high of $87.75.
Duke Energy Corp (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.01. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. On average, equities analysts predict that Duke Energy Corp will post $4.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 19th will be paid a $0.855 dividend. The ex-dividend date is Wednesday, May 17th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.19. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.11%. Duke Energy Corp’s dividend payout ratio is 82.61%.
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A number of analysts have weighed in on DUK shares. Credit Suisse Group AG started coverage on Duke Energy Corp in a report on Wednesday, January 25th. They set a “neutral” rating and a $81.00 price target for the company. Vetr raised shares of Duke Energy Corp from a “hold” rating to a “buy” rating and set a $80.10 price objective on the stock in a research report on Monday, January 30th. Zacks Investment Research cut shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a research report on Monday, February 13th. Barclays PLC reissued a “neutral” rating on shares of Duke Energy Corp in a research report on Sunday, February 19th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $86.00 price objective on shares of Duke Energy Corp in a research report on Friday, March 17th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.19.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Duke Energy Corp by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock worth $3,975,109,000 after buying an additional 1,918,598 shares during the period. BlackRock Inc. boosted its position in Duke Energy Corp by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares during the last quarter. State Street Corp boosted its position in Duke Energy Corp by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after buying an additional 451,100 shares during the last quarter. Capital Research Global Investors boosted its position in Duke Energy Corp by 32.9% in the third quarter. Capital Research Global Investors now owns 16,845,618 shares of the utilities provider’s stock valued at $1,348,323,000 after buying an additional 4,165,845 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Duke Energy Corp by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after buying an additional 2,345,114 shares during the last quarter. 57.01% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corp 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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