Duke Energy (NYSE:DUK – Get Rating) had its target price lowered by BMO Capital Markets from $113.00 to $108.00 in a research note issued to investors on Wednesday, The Fly reports.

Several other brokerages have also commented on DUK. Mizuho dropped their price target on Duke Energy from $114.00 to $100.00 and set a neutral rating for the company in a research note on Wednesday. Credit Suisse Group lowered Duke Energy from an outperform rating to a neutral rating and upped their price target for the stock from $112.00 to $114.00 in a research note on Friday, August 5th. KeyCorp dropped their price target on Duke Energy from $121.00 to $116.00 and set an overweight rating for the company in a research note on Tuesday, July 19th. Barclays dropped their price target on Duke Energy from $119.00 to $110.00 in a research note on Monday, July 18th. Finally, Morgan Stanley lowered their target price on Duke Energy from $123.00 to $121.00 and set an equal weight rating for the company in a research note on Thursday, September 22nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Duke Energy currently has an average rating of Hold and a consensus price target of $113.10.

Duke Energy Stock Performance

NYSE DUK opened at $94.02 on Wednesday. The business's 50-day moving average price is $107.03 and its 200 day moving average price is $108.40. Duke Energy has a twelve month low of $92.80 and a twelve month high of $116.33. The company has a market capitalization of $72.39 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1.27.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were issued a $1.005 dividend. The ex-dividend date was Thursday, August 11th. This represents a $4.02 dividend on an annualized basis and a yield of 4.28%. This is an increase from Duke Energy's previous quarterly dividend of $0.99. Duke Energy's dividend payout ratio is currently 81.38%.

Insider Activity at Duke Energy

In related news, CFO Steven K. Young sold 415 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $109.87, for a total value of $45,596.05. Following the completion of the transaction, the chief financial officer now owns 113,657 shares of the company's stock, valued at $12,487,494.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Dhiaa M. Jamil sold 700 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $109.93, for a total value of $76,951.00. Following the completion of the transaction, the chief operating officer now owns 58,957 shares of the company's stock, valued at $6,481,143.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven K. Young sold 415 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $109.87, for a total value of $45,596.05. Following the transaction, the chief financial officer now directly owns 113,657 shares in the company, valued at approximately $12,487,494.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,819 shares of company stock valued at $851,018. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Tiedemann Advisors LLC lifted its holdings in Duke Energy by 3.7% during the 1st quarter. Tiedemann Advisors LLC now owns 2,581 shares of the utilities provider's stock worth $287,000 after buying an additional 91 shares during the last quarter. RE Dickinson Investment Advisors LLC lifted its holdings in Duke Energy by 13.0% during the 1st quarter. RE Dickinson Investment Advisors LLC now owns 801 shares of the utilities provider's stock worth $89,000 after buying an additional 92 shares during the last quarter. Kanawha Capital Management LLC lifted its holdings in Duke Energy by 1.7% during the 1st quarter. Kanawha Capital Management LLC now owns 5,634 shares of the utilities provider's stock worth $629,000 after buying an additional 93 shares during the last quarter. Shepherd Financial Partners LLC lifted its holdings in shares of Duke Energy by 0.5% in the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider's stock worth $2,326,000 after purchasing an additional 94 shares during the last quarter. Finally, Asset Advisors Investment Management LLC lifted its holdings in shares of Duke Energy by 3.1% in the 1st quarter. Asset Advisors Investment Management LLC now owns 3,121 shares of the utilities provider's stock worth $348,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 63.76% of the company's stock.

Duke Energy Company Profile

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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