Traders sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading hours on Thursday. $25.88 million flowed into the stock on the tick-up and $39.63 million flowed out of the stock on the tick-down, for a money net flow of $13.75 million out of the stock. Of all stocks tracked, Duke Energy Corporation had the 14th highest net out-flow for the day. Duke Energy Corporation traded up $0.19 for the day and closed at $86.39
A number of equities analysts recently commented on DUK shares. Zacks Investment Research cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets restated a “hold” rating and set a $85.00 target price 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 raised their target price for the company from $82.00 to $85.00 in a report on Monday, June 26th. Barclays PLC restated an “equal weight” rating and set a $88.00 target price (up from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Finally, BidaskClub cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.71.
The company has a market capitalization of $60.47 billion, a price-to-earnings ratio of 25.59 and a beta of 0.24. The stock’s 50-day moving average is $84.80 and its 200 day moving average is $82.78.
Duke Energy Corporation (NYSE:DUK) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date is Wednesday, August 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.12%. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.
In other news, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.86, for a total value of $181,463.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of DUK. Pinnacle Bank bought a new stake in shares of Duke Energy Corporation during the first quarter valued at $104,000. Winfield Associates Inc. increased its stake in shares of Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after buying an additional 165 shares during the last quarter. Jolley Asset Management LLC increased its stake in shares of Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after buying an additional 313 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock valued at $127,000 after buying an additional 322 shares during the last quarter. Finally, Daiwa SB Investments Ltd. bought a new stake in shares of Duke Energy Corporation during the second quarter valued at $130,000. 55.60% of the stock is owned by institutional investors.
About Duke Energy Corporation
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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