Duke Energy Corp. Announces Quarterly Dividend of $0.78 (DUK)
Duke Energy Corp. (NYSE:DUK) announced a quarterly dividend on Tuesday, October 22nd, AnalystRatingsNetwork.com reports. Investors of record on Friday, November 15th will be paid a dividend of $0.78 per share on Monday, December 16th. This represents a $3.12 annualized dividend and a dividend yield of 4.45%.
A number of analysts have recently weighed in on DUK shares. Analysts at Macquarie initiated coverage on shares of Duke Energy Corp. in a research note to investors on Tuesday, October 15th. They set a “neutral” rating on the stock. On a related note, analysts at ISI Group cut their price target on shares of Duke Energy Corp. from $74.00 to $70.00 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $74.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.04.
Shares of Duke Energy Corp. (NYSE:DUK) traded up 1.57% on Tuesday, hitting $71.16. 1,893,741 shares of the company’s stock traded hands. Duke Energy Corp. has a 52 week low of $59.63 and a 52 week high of $75.46. The stock’s 50-day moving average is $67.07 and its 200-day moving average is $69.22. The company has a market cap of $50.232 billion and a price-to-earnings ratio of 24.77.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.07. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. On average, analysts predict that Duke Energy Corp. will post $4.31 earnings per share for the current fiscal year.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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