Traders sold shares of Duke Energy Corp (NYSE:DUK) on strength during trading on Wednesday. $35.73 million flowed into the stock on the tick-up and $131.32 million flowed out of the stock on the tick-down, for a money net flow of $95.59 million out of the stock. Of all equities tracked, Duke Energy had the 6th highest net out-flow for the day. Duke Energy traded up $0.53 for the day and closed at $77.00
Several analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $83.00 price objective (down previously from $85.00) on shares of Duke Energy in a report on Thursday, March 8th. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Wells Fargo & Co reiterated a “market perform” rating and set a $82.00 price objective (down previously from $92.00) on shares of Duke Energy in a report on Wednesday, February 21st. Guggenheim reiterated a “buy” rating and set a $82.00 price objective on shares of Duke Energy in a report on Friday, February 23rd. Finally, SunTrust Banks set a $79.00 price objective on Duke Energy and gave the company a “hold” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and a consensus price target of $86.33.
The company has a market capitalization of $53,950.00, a P/E ratio of 21.27, a PEG ratio of 4.41 and a beta of 0.15. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $6.09 billion. Duke Energy had a return on equity of 7.72% and a net margin of 12.95%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. research analysts predict that Duke Energy Corp will post 4.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 dividend on an annualized basis and a yield of 4.62%. Duke Energy’s dividend payout ratio (DPR) is 98.34%.
In related news, COO Dhiaa M. Jamil sold 500 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $89.08, for a total value of $44,540.00. Following the completion of the transaction, the chief operating officer now owns 34,115 shares in the company, valued at approximately $3,038,964.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Laurel Wealth Advisors Inc. grew its position in Duke Energy by 0.3% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,643 shares of the utilities provider’s stock worth $1,056,000 after purchasing an additional 32 shares during the period. Fairfield Bush & CO. grew its position in Duke Energy by 1.2% during the 2nd quarter. Fairfield Bush & CO. now owns 6,333 shares of the utilities provider’s stock worth $529,000 after purchasing an additional 75 shares during the period. Gofen & Glossberg LLC IL grew its position in Duke Energy by 0.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 12,368 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 85 shares during the period. Atlantic Trust LLC grew its position in Duke Energy by 2.7% during the 2nd quarter. Atlantic Trust LLC now owns 7,371 shares of the utilities provider’s stock worth $607,000 after purchasing an additional 197 shares during the period. Finally, North Star Asset Management Inc. grew its position in Duke Energy by 6.4% during the 2nd quarter. North Star Asset Management Inc. now owns 3,347 shares of the utilities provider’s stock worth $280,000 after purchasing an additional 200 shares during the period. 57.13% of the stock is currently owned by institutional investors.
About Duke Energy
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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