Insider Selling: Duke Energy Corp EVP Unloads 4,300 Shares of Stock (DUK)
Duke Energy Corp (NYSE:DUK) EVP Lloyd M. Yates unloaded 4,300 shares of Duke Energy Corp stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $72.64, for a total transaction of $312,352.00. Following the transaction, the executive vice president now directly owns 43,460 shares of the company’s stock, valued at approximately $3,156,934. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Duke Energy Corp (NYSE:DUK) traded up 0.84% during mid-day trading on Wednesday, hitting $72.93. The stock had a trading volume of 1,868,284 shares. 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 $72.3 and its 200-day moving average is $71.68. The company has a market cap of $51.581 billion and a price-to-earnings ratio of 23.23.
Duke Energy Corp (NYSE:DUK) last released its earnings data on Thursday, August 7th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.11. The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Duke Energy Corp will post $4.60 earnings per share for the current fiscal year.
A number of research firms have recently commented on DUK. Analysts at RBC Capital raised their price target on shares of Duke Energy Corp from $80.00 to $81.00 in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Friday, August 22nd. They now have a $77.00 price target on the stock. Finally, analysts at SunTrust reiterated a “neutral” rating on shares of Duke Energy Corp in a research note on Monday, August 4th. They now have a $71.00 price target on the stock, down previously from $73.00. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $76.50.
Duke Energy Corporation (NYSE:DUK) is an energy company.
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