Press coverage about Duke Energy Corporation (NYSE:DUK) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Duke Energy Corporation earned a daily sentiment score of 0.41 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 91 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Duke Energy Corporation (NYSE:DUK) Receives $81.38 Average Target Price from Brokerages (techdeezer.com)
- Outstanding Leaders in today’s market: Duke Energy Corporation (NYSE:DUK) (thedailyzipper.com)
- N.C. regulators allow advocates more time to review Duke Energy coal-ash operations for rate hike (finance.yahoo.com)
- Duke Energy’s Neighbors: Don’t Raise Our Rates for Your Pollution Cleanup – The Weather Channel (weather.com)
- Technical Insights on Electric Utilities Stocks — Calpine, Ameren, CMS Energy, and Duke Energy – PR Newswire (press release) (prnewswire.com)
Several brokerages have recently weighed in on DUK. Zacks Investment Research downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price target on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) upgraded Duke Energy Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $82.00 to $85.00 in a report on Monday, June 26th. Barclays PLC reiterated an “equal weight” rating and issued a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Finally, Deutsche Bank AG increased their price target on Duke Energy Corporation from $81.00 to $83.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.11.
Duke Energy Corporation (NYSE DUK) opened at 83.84 on Monday. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The stock has a market capitalization of $58.68 billion, a P/E ratio of 26.73 and a beta of 0.24. The firm’s 50-day moving average price is $85.27 and its 200 day moving average price is $81.30.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corporation will post $4.60 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.25%. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is currently 109.27%.
In other news, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Theodore F. Craver, Jr. acquired 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were bought at an average cost of $83.73 per share, for a total transaction of $293,055.00. Following the transaction, the director now directly owns 5,706 shares of the company’s stock, valued at approximately $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by corporate insiders.
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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