Duke Energy Corp. (NYSE:DUK) – Stock analysts at KeyCorp lifted their FY2016 earnings per share estimates for shares of Duke Energy Corp. in a research report issued on Monday. KeyCorp analyst P. Ridzon now forecasts that the brokerage will post earnings per share of $4.65 for the year, up from their prior forecast of $4.60.

Duke Energy Corp. (NYSE:DUK) last posted its earnings results 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 analysts’ expectations of $5.71 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share.

Earnings History and Estimates for Duke Energy Corp. (NYSE:DUK)

A number of other research analysts have also recently weighed in on DUK. Mizuho raised their price target on Duke Energy Corp. from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, July 12th. Howard Weil raised their price target on 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, SunTrust Banks Inc. dropped their price target on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, August 29th. 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 company presently has an average rating of “Hold” and an average target price of $80.23.

Duke Energy Corp. (NYSE:DUK) traded up 0.263% on Wednesday, reaching $78.105. 1,411,885 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $79.27 and a 200-day moving average price of $81.02. The company has a market capitalization of $53.81 billion, a PE ratio of 20.646 and a beta of 0.13. Duke Energy Corp. has a 1-year low of $65.50 and a 1-year high of $87.75.

In other news, EVP Douglas F. Esamann sold 3,000 shares of Duke Energy Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in Duke Energy Corp. by 85.6% in the second quarter. Acadian Asset Management LLC now owns 957,001 shares of the company’s stock valued at $82,100,000 after buying an additional 441,335 shares in the last quarter. Arizona State Retirement System raised its position in Duke Energy Corp. by 1.4% in the first quarter. Arizona State Retirement System now owns 359,137 shares of the company’s stock valued at $28,975,000 after buying an additional 4,900 shares in the last quarter. Aviance Capital Management LLC raised its position in Duke Energy Corp. by 21.7% in the second quarter. Aviance Capital Management LLC now owns 377,236 shares of the company’s stock valued at $32,363,000 after buying an additional 67,349 shares in the last quarter. AMP Capital Investors Ltd raised its position in Duke Energy Corp. by 20.4% in the first quarter. AMP Capital Investors Ltd now owns 351,711 shares of the company’s stock valued at $28,260,000 after buying an additional 59,627 shares in the last quarter. Finally, Strs Ohio raised its position in Duke Energy Corp. by 2.2% in the second quarter. Strs Ohio now owns 742,611 shares of the company’s stock valued at $63,708,000 after buying an additional 15,753 shares in the last quarter. 56.56% of the stock is currently owned by institutional investors and hedge funds.

About Duke Energy Corp.

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).

5 Day Chart for NYSE:DUK

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