John H. Forsgren Acquires 1,000 Shares of Duke Energy Corp. (DUK) Stock
Duke Energy Corp. (NYSE:DUK) Director John H. Forsgren acquired 1,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $77.80 per share, with a total value of $77,800.00. Following the completion of the transaction, the director now directly owns 1,165 shares of the company’s stock, valued at $90,637. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Duke Energy Corp. (NYSE:DUK) opened at 75.075 on Wednesday. The stock has a market cap of $51.72 billion, a PE ratio of 18.160 and a beta of 0.13. The company’s 50 day moving average price is $78.36 and its 200 day moving average price is $80.86. Duke Energy Corp. has a 12 month low of $65.50 and a 12 month high of $87.75.
Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Friday, November 4th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.10. The company earned $6.43 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. Duke Energy Corp.’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. Equities analysts forecast that Duke Energy Corp. will post $4.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be issued a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 16th. Duke Energy Corp.’s dividend payout ratio is presently 82.61%.
A number of brokerages have recently issued reports on DUK. Argus restated a “hold” rating on shares of Duke Energy Corp. in a research report on Tuesday, July 26th. Citigroup Inc. lifted their target price on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Mizuho lifted their target price on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Scotiabank reiterated a “sector perform” rating and issued a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Finally, Howard Weil lifted their target price on Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.04.
A number of large investors have recently modified their holdings of the stock. Jolley Asset Management LLC boosted its stake in shares of 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 in 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 worth $107,000 after buying an additional 100 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in Duke Energy Corp. by 2.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,262 shares of the company’s stock worth $101,000 after buying an additional 29 shares during the last quarter. 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 worth $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 worth $146,000 after buying an additional 1,360 shares during the last quarter. Institutional investors own 56.79% 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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