Duke Energy Corp Receives Average Rating of “Hold” from Analysts (NYSE:DUK)
Duke Energy Corp (NYSE:DUK) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, AmericanBankingNews.com reports. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $71.83.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $78.00 price target on shares of Duke Energy Corp in a research note on Wednesday, July 9th. Separately, 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. Finally, 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.
Duke Energy Corp (NYSE:DUK) opened at 72.16 on Thursday. 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 $71.70 and its 200-day moving average is $70.84. The company has a market cap of $51.034 billion and a P/E ratio of 26.48.
Duke Energy Corp (NYSE:DUK) last released its earnings data on Wednesday, May 7th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.02 earnings per share. Duke Energy Corp’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Duke Energy Corp will post $4.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a dividend of $0.795 per share. This represents a $3.18 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.78.
Duke Energy Corporation (NYSE:DUK) is an energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.