Shares of Duke Energy Corp (NYSE:DUK) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $88.89.
Several research analysts have recently issued reports on DUK shares. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Bank of America raised Copa from a “neutral” rating to a “buy” rating in a research note on Monday, May 13th. Barclays downgraded to an “underweight” rating and set a GBX 4,400 ($57.49) price objective for the company. in a research note on Tuesday, June 18th. Morgan Stanley set a $18.00 target price on shares of PG&E and gave the company a “hold” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the company a “hold” rating in a research report on Monday, May 20th.
In other news, EVP Lloyd M. Yates sold 5,117 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $85.92, for a total transaction of $146,064.00. Following the sale, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The disclosure for this sale can be found here. Insiders have sold a total of 8,598 shares of company stock valued at $752,989 in the last three months. Insiders own 0.09% of the company’s stock.
Several hedge funds have recently made changes to their positions in DUK. BlackRock Inc. lifted its holdings in shares of Duke Energy by 2.6% in the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock worth $4,459,023,000 after purchasing an additional 1,274,643 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Duke Energy by 4.7% in the 4th quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after purchasing an additional 415,434 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock worth $771,079,000 after purchasing an additional 750,534 shares in the last quarter. FMR LLC lifted its holdings in shares of Duke Energy by 41.8% in the 4th quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock worth $639,581,000 after purchasing an additional 2,186,456 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Duke Energy by 3.2% in the 4th quarter. Legal & General Group Plc now owns 5,346,182 shares of the utilities provider’s stock worth $461,362,000 after purchasing an additional 166,615 shares in the last quarter. 60.16% of the stock is owned by institutional investors.
Shares of Duke Energy stock traded down $0.75 on Friday, hitting $88.70. The stock had a trading volume of 2,101,351 shares, compared to its average volume of 2,765,798. The company has a 50 day moving average of $87.98. Duke Energy has a twelve month low of $78.00 and a twelve month high of $91.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $65.12 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 3.76 and a beta of 0.14.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Duke Energy will post 4.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Thursday, August 15th. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. Duke Energy’s dividend payout ratio is currently 78.60%.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
Further Reading: Fundamental Analysis and Individual Investors
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