Duke Energy Corp Receives Neutral Rating from SunTrust (DUK)
Duke Energy Corp (NYSE:DUK)‘s stock had its “neutral” rating restated by research analysts at SunTrust in a report released on Monday. They currently have a $71.00 target price on the stock, down from their previous target price of $73.00. SunTrust’s target price would indicate a potential downside of 2.66% from the company’s current price.
Shares of Duke Energy Corp (NYSE:DUK) traded down 2.07% during mid-day trading on Monday, hitting $71.43. 2,294,185 shares of the company’s stock traded hands. Duke Energy Corp has a 1-year low of $64.16 and a 1-year high of $75.13. The stock’s 50-day moving average is $72.6 and its 200-day moving average is $71.30. The company has a market cap of $50.518 billion and a P/E ratio of 26.68.
Duke Energy Corp (NYSE:DUK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Duke Energy Corp will post $4.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.795 per share. This represents a $3.18 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Wednesday, August 13th. This is a boost from Duke Energy Corp’s previous quarterly dividend of $0.78.
DUK has been the subject of a number of other recent research reports. Analysts at ISI Group raised their price target on shares of Duke Energy Corp from $70.00 to $72.00 in a research note on Tuesday, July 29th. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.92.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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