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.
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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 (NYSE:DUK – Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.04. Duke Energy had a return on equity of 8.42% and a net
margin of 14.50%. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts predict that Duke Energy will post 5.45 earnings per share for the current year.
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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