Duke Energy Corp Given Average Rating of “Buy” by Analysts (NYSE:DUK)
Shares of Duke Energy Corp (NYSE:DUK) have been given a consensus rating of “Buy” by the sixteen analysts that are covering the company, Analyst RN reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $71.27.
In other Duke Energy Corp news, VP Brian Savoy sold 1,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $72.79, for a total transaction of $72,790.00. Following the completion of the transaction, the vice president now directly owns 2,739 shares of the company’s stock, valued at approximately $199,372. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
DUK has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of Duke Energy Corp from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 8th. They now have a $77.00 price target on the stock, up previously from $76.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Tuesday, May 6th. They now have a $77.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Duke Energy Corp in a research note on Wednesday, April 23rd. They now have a $77.00 price target on the stock.
Shares of Duke Energy Corp (NYSE:DUK) opened at 70.55 on Friday. Duke Energy Corp has a 52 week low of $64.16 and a 52 week high of $75.13. The stock’s 50-day moving average is $72.23 and its 200-day moving average is $70.53. The company has a market cap of $49.879 billion and a price-to-earnings ratio of 25.75.
Duke Energy Corp (NYSE:DUK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.05. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Duke Energy Corp will post $4.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, May 16th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, May 14th.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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