Raymond James started coverage on shares of Duke Energy (NYSE:DUK – Free Report) in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating on the utilities provider’s stock.
Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. UBS Group restated a “neutral” rating and set a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. BMO Capital Markets lowered their price objective on Duke Energy from $128.00 to $123.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Finally, Barclays raised their target price on Duke Energy from $111.00 to $123.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.81.
Check Out Our Latest Report on Duke Energy
Duke Energy Price Performance
Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that Duke Energy will post 6.33 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 69.32%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Activest Wealth Management raised its stake in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in shares of Duke Energy during the 4th quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new position in Duke Energy in the first quarter valued at approximately $27,000. N.E.W. Advisory Services LLC purchased a new position in Duke Energy in the first quarter worth approximately $27,000. Finally, Parkworth Wealth Management Inc. acquired a new stake in Duke Energy during the fourth quarter worth $28,000. Institutional investors and hedge funds own 65.31% of the company’s stock.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
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