Deutsche Bank upgraded shares of Duke Energy (NYSE:DUK) from a hold rating to a buy rating in a research note released on Monday, Marketbeat.com reports. The brokerage currently has $86.00 target price on the utilities provider’s stock, up from their prior target price of $77.22.
DUK has been the subject of a number of other reports. Zacks Investment Research raised shares of Duke Energy from a sell rating to a hold rating in a report on Monday, October 30th. SunTrust Banks set a $82.00 target price on shares of Duke Energy and gave the company a hold rating in a report on Wednesday, January 3rd. Morgan Stanley dropped their target price on shares of Duke Energy from $90.00 to $85.00 and set an equal weight rating for the company in a report on Tuesday, February 13th. Guggenheim reaffirmed a buy rating and issued a $82.00 target price on shares of Duke Energy in a report on Friday. Finally, Wolfe Research raised shares of Duke Energy from an underperform rating to a market perform rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $86.04.
Duke Energy (NYSE DUK) opened at $77.92 on Monday. The stock has a market cap of $54,061.16, a PE ratio of 17.87, a P/E/G ratio of 4.42 and a beta of 0.12. Duke Energy has a 1-year low of $72.93 and a 1-year high of $91.80. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 1.17.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.57%. Duke Energy’s dividend payout ratio is presently 81.65%.
In other news, COO Dhiaa M. Jamil sold 500 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in DUK. Laurel Wealth Advisors Inc. boosted its position in Duke Energy by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after acquiring an additional 32 shares during the last quarter. South Texas Money Management Ltd. boosted its position in Duke Energy by 1.1% during the second quarter. South Texas Money Management Ltd. now owns 3,346 shares of the utilities provider’s stock worth $280,000 after acquiring an additional 36 shares during the last quarter. Fairfield Bush & CO. boosted its position in Duke Energy by 1.2% during the second quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after acquiring an additional 75 shares during the last quarter. First City Capital Management Inc. boosted its position in Duke Energy by 0.4% during the second quarter. First City Capital Management Inc. now owns 20,589 shares of the utilities provider’s stock worth $1,721,000 after acquiring an additional 78 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its position in Duke Energy by 1.1% during the second quarter. Formidable Asset Management LLC now owns 7,208 shares of the utilities provider’s stock worth $602,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 57.18% of the company’s stock.
About Duke Energy
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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