Duke Energy Co. (NYSE:DUK – Get Rating) EVP Steven K. Young sold 415 shares of the firm's stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $94.46, for a total transaction of $39,200.90. Following the sale, the executive vice president now owns 112,827 shares in the company, valued at $10,657,638.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Duke Energy Stock Down 3.2 %
Shares of NYSE DUK traded down $3.10 during trading on Wednesday, hitting $94.02. The stock had a trading volume of 3,865,345 shares, compared to its average volume of 2,804,197. Duke Energy Co. has a 12 month low of $92.80 and a 12 month high of $116.33. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.70 and a quick ratio of 0.50. The company has a market capitalization of $72.39 billion, a PE ratio of 19.04, a PEG ratio of 2.87 and a beta of 0.42. The firm has a fifty day moving average of $107.28 and a two-hundred day moving average of $108.50.
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Duke Energy (NYSE:DUK – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $6.69 billion during the quarter, compared to analyst estimates of $5.79 billion. Duke Energy had a net margin of 14.50% and a return on equity of 8.42%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. As a group, equities research analysts forecast that Duke Energy Co. will post 5.45 EPS for the current fiscal year.
Duke Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were issued a $1.005 dividend. This represents a $4.02 dividend on an annualized basis and a dividend yield of 4.28%. This is an increase from Duke Energy's previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Thursday, August 11th. Duke Energy's dividend payout ratio is presently 81.38%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on DUK shares. Mizuho decreased their price objective on shares of Duke Energy from $114.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday. BMO Capital Markets dropped their target price on shares of Duke Energy from $113.00 to $108.00 in a research report on Wednesday. KeyCorp decreased their price target on shares of Duke Energy from $121.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Barclays decreased their price target on shares of Duke Energy from $119.00 to $110.00 in a report on Monday, July 18th. Finally, Credit Suisse Group lowered shares of Duke Energy from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $112.00 to $114.00 in a report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $113.10.
Institutional Investors Weigh In On Duke Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Duke Energy by 541.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,566,436 shares of the utilities provider's stock worth $811,198,000 after purchasing an additional 6,387,550 shares during the last quarter. State Street Corp lifted its position in Duke Energy by 8.5% during the first quarter. State Street Corp now owns 42,715,057 shares of the utilities provider's stock valued at $4,769,563,000 after buying an additional 3,349,217 shares during the period. Wellington Management Group LLP lifted its position in Duke Energy by 6.4% during the first quarter. Wellington Management Group LLP now owns 34,876,522 shares of the utilities provider's stock valued at $3,894,312,000 after buying an additional 2,112,764 shares during the period. Vanguard Group Inc. lifted its position in Duke Energy by 2.7% during the first quarter. Vanguard Group Inc. now owns 68,521,533 shares of the utilities provider's stock valued at $7,651,115,000 after buying an additional 1,782,973 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in Duke Energy by 57.5% during the first quarter. Ensign Peak Advisors Inc now owns 2,551,115 shares of the utilities provider's stock valued at $284,858,000 after buying an additional 931,177 shares during the period. 63.76% of the stock is owned by hedge funds and other institutional investors.
About Duke Energy
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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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