Investors sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading hours on Tuesday. $30.97 million flowed into the stock on the tick-up and $64.13 million flowed out of the stock on the tick-down, for a money net flow of $33.16 million out of the stock. Of all stocks tracked, Duke Energy Corporation had the 0th highest net out-flow for the day. Duke Energy Corporation traded up $0.05 for the day and closed at $85.17
Several equities analysts have commented on DUK shares. Barclays PLC reissued an “equal weight” rating and issued a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a research report on Sunday, April 23rd. Zacks Investment Research cut shares of Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub cut shares of Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $82.00 to $85.00 in a research report on Monday, June 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $87.00 price target (down previously from $91.00) on shares of Duke Energy Corporation in a research report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Duke Energy Corporation currently has an average rating of “Hold” and an average price target of $82.71.
The company has a market cap of $60.46 billion, a PE ratio of 25.59 and a beta of 0.24. The company has a 50 day moving average of $84.90 and a 200 day moving average of $83.17.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm posted $1.07 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Duke Energy Corporation will post $4.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 4.12%. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Wednesday, August 16th. Duke Energy Corporation’s dividend payout ratio is 105.64%.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total transaction of $165,206.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $86.22, for a total transaction of $431,100.00. Following the transaction, the executive vice president now owns 50,316 shares in the company, valued at $4,338,245.52. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Several hedge funds have recently modified their holdings of DUK. Pinnacle Bank acquired a new stake in shares of Duke Energy Corporation during the first quarter worth $104,000. Winfield Associates Inc. boosted 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 worth $111,000 after buying an additional 165 shares during the period. Jolley Asset Management LLC boosted 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 worth $125,000 after buying an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy Corporation during the second quarter worth $130,000. Finally, North Star Investment Management Corp. boosted 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 worth $127,000 after buying an additional 322 shares during the period. 55.41% of the stock is currently owned by institutional investors.
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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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