Duke Energy Corporation (DUK) Receives Consensus Rating of “Hold” from Brokerages
Shares of Duke Energy Corporation (NYSE:DUK) have earned an average recommendation of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $85.98.
DUK has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. KeyCorp reissued a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Bank of America Corporation reissued a “neutral” rating and set a $92.00 price objective on shares of Duke Energy Corporation in a report on Tuesday, October 24th. Citigroup Inc. boosted their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley boosted their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th.
Large investors have recently added to or reduced their stakes in the stock. Winfield Associates Inc. lifted its position in Duke Energy Corporation by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after buying an additional 165 shares during the last quarter. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy Corporation in the third quarter valued at approximately $112,000. Jolley Asset Management LLC lifted its position in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new stake in Duke Energy Corporation in the second quarter valued at approximately $130,000. Finally, AllSquare Wealth Management LLC bought a new position in shares of Duke Energy Corporation during the third quarter valued at approximately $155,000. Institutional investors own 56.29% of the company’s stock.
Duke Energy Corporation (NYSE:DUK) traded down $0.74 during mid-day trading on Monday, reaching $88.89. The company’s stock had a trading volume of 2,216,600 shares, compared to its average volume of 2,581,137. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The stock has a market cap of $62,220.83, a price-to-earnings ratio of 19.98, a PEG ratio of 4.86 and a beta of 0.26. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $89.74.
Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. sell-side analysts expect that Duke Energy Corporation will post 4.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.00%. Duke Energy Corporation’s payout ratio is 117.49%.
Duke Energy Corporation Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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