Somewhat Favorable Media Coverage Likely to Impact Duke Energy Corp (DUK) Share Price
News stories about Duke Energy Corp (NYSE:DUK) have been trending somewhat positive on Friday, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Duke Energy Corp earned a daily sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave news stories about the utilities provider an impact score of 77 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Alpha One Sentiment Analysis’s rankings:
- Duke Energy makes disputed move to get confidential info on solar developer into N.C. regulatory hearing (finance.yahoo.com)
- Franklin Street Advisors Inc. NC Cuts Stake in Duke Energy Corp (DUK) (naijaoversabi.com)
- Early 2017 was ‘perfect storm’ for Duke Energy (tribstar.com)
- Duke Energy Corporation (NYSE:DUK) Price Target & Session Check (eleganthomesinla.com)
- Duke Energy makes case for coal ash maneuver (greensboro.com)
A number of research analysts have weighed in on the stock. Vetr cut shares of Duke Energy Corp from a “hold” rating to a “sell” rating and set a $79.70 price objective for the company. in a report on Thursday, March 2nd. Deutsche Bank AG lifted their price objective on shares of Duke Energy Corp from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Duke Energy Corp in a report on Friday, March 17th. Barclays PLC reaffirmed a “neutral” rating on shares of Duke Energy Corp in a report on Sunday, February 19th. Finally, Zacks Investment Research cut shares of Duke Energy Corp from a “hold” rating to a “sell” rating in a report on Monday, February 13th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $80.31.
Duke Energy Corp (NYSE:DUK) traded up 0.22% during trading on Friday, reaching $82.21. 2,471,072 shares of the company were exchanged. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $87.75. The firm has a market capitalization of $57.51 billion, a PE ratio of 26.35 and a beta of 0.14. The stock has a 50 day moving average price of $82.09 and a 200 day moving average price of $78.45.
Duke Energy Corp (NYSE:DUK) last released its earnings results on Thursday, February 16th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period last year, the company earned $0.87 earnings per share. On average, analysts expect that Duke Energy Corp will post $4.62 EPS for the current fiscal year.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $82.01, for a total value of $410,050.00. Following the sale, the executive vice president now directly owns 62,564 shares of the company’s stock, valued at $5,130,873.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $81.78, for a total transaction of $817,800.00. Following the completion of the sale, the executive vice president now directly owns 37,175 shares in the company, valued at $3,040,171.50. The disclosure for this sale can be found here. Insiders sold 35,600 shares of company stock worth $2,915,710 over the last three months. Corporate insiders own 0.08% of the company’s stock.
Duke Energy Corp Company Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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