Duke Energy Corp. (DUK) To Go Ex-Dividend on November 16th
Duke Energy Corp. (NYSE:DUK) declared a quarterly dividend on Thursday, October 27th. Shareholders of record on Friday, November 18th will be paid a dividend of 0.855 per share on Friday, December 16th. This represents a $3.42 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, November 16th.
Duke Energy Corp. (NYSE:DUK) opened at 74.44 on Tuesday. The firm has a market capitalization of $51.28 billion, a PE ratio of 18.01 and a beta of 0.13. Duke Energy Corp. has a one year low of $65.50 and a one year high of $87.75. The firm has a 50 day moving average of $78.36 and a 200 day moving average of $80.86.
Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Friday, November 4th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The business earned $6.43 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corp. will post $4.66 EPS for the current year.
In other Duke Energy Corp. news, Director John H. Forsgren acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was acquired at an average cost of $77.80 per share, for a total transaction of $77,800.00. Following the transaction, the director now owns 1,165 shares of the company’s stock, valued at $90,637. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of DUK. Gotham Asset Management LLC acquired a new position in shares of Duke Energy Corp. during the third quarter valued at about $243,000. Two Sigma Advisers LP acquired a new position in shares of Duke Energy Corp. during the third quarter valued at about $453,000. M Holdings Securities Inc. raised its position in shares of Duke Energy Corp. by 45.2% in the second quarter. M Holdings Securities Inc. now owns 6,495 shares of the company’s stock valued at $557,000 after buying an additional 2,022 shares in the last quarter. Cypress Capital Group raised its position in shares of Duke Energy Corp. by 23.4% in the second quarter. Cypress Capital Group now owns 5,186 shares of the company’s stock valued at $445,000 after buying an additional 985 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV raised its position in shares of Duke Energy Corp. by 8.4% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 14,956 shares of the company’s stock valued at $1,283,000 after buying an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 56.79% of the company’s stock.
A number of research analysts recently issued reports on DUK shares. Zacks Investment Research raised Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Thursday, September 15th. SunTrust Banks Inc. cut their price target on Duke Energy Corp. from $83.00 to $81.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Wednesday, September 14th. Citigroup Inc. cut their price target on Duke Energy Corp. from $82.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $83.00 price target (down from $88.00) on shares of Duke Energy Corp. in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.04.
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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