Duke Energy Corp. (NYSE:DUK) had its target price hoisted by SunTrust Banks Inc. from $82.00 to $85.00 in a research note issued to investors on Monday morning. SunTrust Banks Inc. currently has a neutral rating on the stock.
Several other research analysts have also recently issued reports on the stock. Scotiabank restated a sector perform rating and issued a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Citigroup Inc. raised their target price on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the stock a neutral rating in a report on Wednesday, July 20th. Mizuho reiterated a neutral rating and issued a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research cut shares of Duke Energy Corp. from a buy rating to a hold rating in a report on Friday, July 15th. Finally, Argus reiterated a hold rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Duke Energy Corp. presently has an average rating of Hold and an average price target of $80.57.
Duke Energy Corp. (NYSE:DUK) opened at 81.10 on Monday. The company has a market capitalization of $55.87 billion, a price-to-earnings ratio of 21.44 and a beta of 0.06. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The firm has a 50-day moving average of $80.94 and a 200 day moving average of $81.21.
Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the business earned $0.95 earnings per share. Analysts expect that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were issued a $0.855 dividend. This represents a $3.42 annualized dividend and a yield of 4.22%. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, August 10th. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.
In related news, EVP Douglas F. Esamann sold 3,000 shares of Duke Energy Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the sale, the executive vice president now directly owns 50,609 shares in the company, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in DUK. Fox Run Management L.L.C. acquired a new stake in Duke Energy Corp. during the first quarter valued at approximately $250,000. Tompkins Financial Corp increased its stake in Duke Energy Corp. by 365.7% in the first quarter. Tompkins Financial Corp now owns 33,226 shares of the company’s stock valued at $2,681,000 after buying an additional 26,092 shares during the last quarter. Headinvest LLC increased its stake in Duke Energy Corp. by 12.5% in the first quarter. Headinvest LLC now owns 3,468 shares of the company’s stock valued at $280,000 after buying an additional 386 shares during the last quarter. PGGM Investments increased its stake in Duke Energy Corp. by 3.9% in the first quarter. PGGM Investments now owns 1,058,442 shares of the company’s stock valued at $85,395,000 after buying an additional 40,056 shares during the last quarter. Finally, Sadoff Investment Management LLC increased its stake in Duke Energy Corp. by 0.4% in the first quarter. Sadoff Investment Management LLC now owns 114,669 shares of the company’s stock valued at $9,251,000 after buying an additional 500 shares during the last quarter. Institutional investors own 56.56% 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 (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
Receive News & Ratings for Duke Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.