Duke Energy (NYSE:DUK) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, December 19th.
Other equities research analysts have also recently issued reports about the stock. Citigroup boosted their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the company a “sell” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, August 24th. Bank of America reissued a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy in a research report on Tuesday, October 24th. KeyCorp reissued a “hold” rating on shares of Duke Energy in a research report on Friday, September 1st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of Duke Energy in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.48.
Duke Energy (NYSE DUK) traded down $0.38 during mid-day trading on Tuesday, hitting $78.90. 3,211,326 shares of the company were exchanged, compared to its average volume of 3,225,322. Duke Energy has a 52-week low of $76.28 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The stock has a market cap of $55,230.00, a PE ratio of 20.71, a PEG ratio of 4.24 and a beta of 0.26.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. equities research analysts predict that Duke Energy will post 4.56 earnings per share for the current fiscal year.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.
Large investors have recently bought and sold shares of the company. Winfield Associates Inc. raised its stake in shares of Duke Energy by 14.3% during the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares in the last quarter. Nelson Roberts Investment Advisors LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $112,000. Daiwa SB Investments Ltd. bought a new position in shares of Duke Energy during the 2nd quarter worth approximately $130,000. Wealthcare Advisory Partners LLC bought a new position in shares of Duke Energy during the 3rd quarter worth approximately $131,000. Finally, Acropolis Investment Management LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 57.23% of the company’s stock.
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Duke Energy 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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