Traders Sell Shares of Duke Energy Corporation (DUK) on Strength on Insider Selling
Traders sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading hours on Tuesday following insider selling activity. $37.66 million flowed into the stock on the tick-up and $58.54 million flowed out of the stock on the tick-down, for a money net flow of $20.88 million out of the stock. Of all equities tracked, Duke Energy Corporation had the 0th highest net out-flow for the day. Duke Energy Corporation traded up $1.21 for the day and closed at $91.09Specifically, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets restated a “hold” rating and set a $87.00 target price (up previously from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Morgan Stanley boosted their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. boosted their target price on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG restated a “hold” rating and set a $84.00 target price (up previously from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $86.90.
The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $62,913.80, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 4.91 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
Institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. purchased a new stake in shares of Duke Energy Corporation during the second quarter worth approximately $500,000. Trust Co. of Virginia VA raised its stake in shares of Duke Energy Corporation by 11.5% during the second quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock worth $1,129,000 after purchasing an additional 1,392 shares during the last quarter. BlackRock Inc. raised its stake in shares of Duke Energy Corporation by 2,866.0% during the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock worth $3,502,557,000 after purchasing an additional 41,268,968 shares during the last quarter. IBM Retirement Fund raised its stake in shares of Duke Energy Corporation by 122.4% during the second quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock worth $1,601,000 after purchasing an additional 9,432 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Duke Energy Corporation by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock worth $3,628,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.
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About Duke Energy Corporation
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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