Duke Energy Corp. (DUK) PT Raised to $85.00
Duke Energy Corp. (NYSE:DUK) had its price objective hoisted by equities researchers at SunTrust Banks Inc. from $82.00 to $85.00 in a report issued on Monday. The firm presently has a “neutral” rating on the stock. SunTrust Banks Inc.’s target price points to a potential upside of 4.38% from the company’s previous close.
Several other research firms have also commented on DUK. Mizuho restated a “neutral” rating and issued a $75.00 price objective on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Tuesday, July 12th. Scotiabank reiterated a “sector perform” rating and set a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Finally, Citigroup Inc. increased their target price on Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Duke Energy Corp. currently has a consensus rating of “Hold” and a consensus target price of $80.57.
Duke Energy Corp. (NYSE:DUK) opened at 81.43 on Monday. The company has a market cap of $56.10 billion, a PE ratio of 21.53 and a beta of 0.06. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75. The firm’s 50-day moving average is $81.05 and its 200-day moving average is $81.21.
Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, equities research analysts anticipate that Duke Energy Corp. will post $4.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were given a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, August 10th. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 90.24%.
In related news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds have recently modified their holdings of DUK. Vanguard Group Inc. increased its stake in shares of Duke Energy Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 44,722,836 shares of the company’s stock worth $3,836,772,000 after buying an additional 1,482,476 shares during the last quarter. State Street Corp boosted its position in shares of Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock worth $2,723,058,000 after buying an additional 2,230,071 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Duke Energy Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,587,523 shares of the company’s stock worth $1,499,641,000 after buying an additional 69,871 shares during the period. BlackRock Fund Advisors boosted its position in shares of Duke Energy Corp. by 18.4% in the second quarter. BlackRock Fund Advisors now owns 12,910,189 shares of the company’s stock worth $1,107,565,000 after buying an additional 2,003,471 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Duke Energy Corp. by 7.9% in the second quarter. Capital Research Global Investors now owns 12,679,773 shares of the company’s stock worth $1,087,798,000 after buying an additional 929,411 shares during the period. 56.56% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Corp. Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).
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