Bank of America Corp. downgraded shares of Duke Energy Corp. (NYSE:DUK) from a neutral rating to an underperform rating in a report published on Tuesday morning. They currently have $69.00 target price on the stock, down from their prior target price of $78.00. The analysts noted that the move was a valuation call.

Several other research analysts have also issued reports on DUK. Scotiabank reissued a sector perform rating and set a $83.00 target price (down from $88.00) on shares of Duke Energy Corp. in a research note on Monday, November 7th. Mizuho increased their target price on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the stock a neutral rating in a research note on Thursday, August 4th. Argus reissued a hold rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. Howard Weil increased their target price on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the stock a sector perform rating in a research note on Monday, August 8th. Finally, SunTrust Banks Inc. cut their target price 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. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company presently has an average rating of Hold and a consensus price target of $79.73.

Shares of Duke Energy Corp. (NYSE:DUK) traded up 0.08% during midday trading on Tuesday, reaching $73.94. 364,476 shares of the company’s stock traded hands. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75. The firm has a market cap of $50.94 billion, a PE ratio of 17.89 and a beta of 0.13. The company has a 50 day moving average of $77.07 and a 200 day moving average of $80.66.

Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings data on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a net margin of 12.27% and a return on equity of 8.20%. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the prior year, the firm posted $1.47 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Duke Energy Corp. will post $4.67 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.42 dividend on an annualized basis and a yield of 4.63%. Duke Energy Corp.’s dividend payout ratio (DPR) is presently 82.61%.

In related 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 price of $77.80 per share, for a total transaction of $77,800.00. Following the completion of the acquisition, the director now owns 1,165 shares of the company’s stock, valued at approximately $90,637. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frank H. Yoho acquired 14,850 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were bought at an average price of $74.00 per share, with a total value of $1,098,900.00. Following the acquisition, the executive vice president now directly owns 23,687 shares of the company’s stock, valued at approximately $1,752,838. The disclosure for this purchase can be found here. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DUK. Van Hulzen Asset Management LLC increased 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 valued at $101,000 after buying an additional 29 shares during the last quarter. Jolley Asset Management LLC increased 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. increased 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. Sunbelt Securities Inc. increased 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. increased 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 and hedge funds own 56.89% of the company’s stock.

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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).

5 Day Chart for NYSE:DUK

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