Duke Energy Corp. (DUK) Given New $77.00 Price Target at Citigroup Inc.
Duke Energy Corp. (NYSE:DUK) had its price objective decreased by stock analysts at Citigroup Inc. from $82.00 to $77.00 in a research note issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s target price points to a potential downside of 2.64% from the company’s previous close.
DUK has been the topic of a number of other reports. Zacks Investment Research raised shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, September 15th. SunTrust Banks Inc. reduced their price objective on shares of Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating on the stock in a research note on Monday, August 29th. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Wednesday, September 14th. Howard Weil boosted their target price on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Finally, Mizuho reiterated a “neutral” rating and set a $75.00 target price on shares of Duke Energy Corp. in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $80.23.
Shares of Duke Energy Corp. (NYSE:DUK) traded down 1.865% on Tuesday, hitting $77.615. The company had a trading volume of 1,680,200 shares. The company has a market cap of $53.47 billion, a price-to-earnings ratio of 20.517 and a beta of 0.13. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The company has a 50 day moving average of $80.61 and a 200-day moving average of $81.26.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.06. Duke Energy Corp. had a net margin of 11.39% and a return on equity of 7.85%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the firm posted $0.95 EPS. On average, analysts forecast that Duke Energy Corp. will post $4.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were issued a $0.855 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $3.42 annualized dividend and a dividend yield of 4.32%. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. Duke Energy Corp.’s dividend payout ratio is currently 90.24%.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the sale, the executive vice president now owns 50,609 shares in the company, valued at $4,280,509.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Jolley Asset Management LLC raised its position in Duke Energy Corp. by 9.1% in the second quarter. Jolley Asset Management LLC now owns 1,186 shares of the company’s stock valued at $102,000 after buying an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Duke Energy Corp. by 8.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,250 shares of the company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Carnick & Kubik LLC bought a new position in Duke Energy Corp. during the first quarter valued at $113,000. Sunbelt Securities Inc. raised its position in Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock valued at $131,000 after buying an additional 190 shares during the last quarter. Finally, Mercer Capital Advisers Inc. raised its position in Duke Energy Corp. by 394.2% in the second quarter. Mercer Capital Advisers Inc. now owns 1,705 shares of the company’s stock valued at $146,000 after buying an additional 1,360 shares during the last quarter. Institutional investors own 56.56% of the company’s stock.
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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