Duke Energy Co. (NYSE:DUK – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $100.00.
A number of equities analysts have recently commented on DUK shares. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $101.00 to $113.00 in a report on Wednesday, January 10th. BMO Capital Markets cut their price target on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. Wells Fargo & Company lowered their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Morgan Stanley raised their price objective on shares of Duke Energy from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st.
Get Our Latest Stock Report on Duke Energy
Insider Transactions at Duke Energy
Institutional Trading of Duke Energy
A number of institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Duke Energy during the fourth quarter worth $26,000. Private Wealth Management Group LLC acquired a new position in Duke Energy during the fourth quarter worth $26,000. O Dell Group LLC acquired a new position in Duke Energy during the fourth quarter worth $27,000. CKW Financial Group acquired a new position in Duke Energy during the third quarter worth $25,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Duke Energy in the first quarter valued at $28,000. Institutional investors own 63.68% of the company’s stock.
Duke Energy Price Performance
Shares of Duke Energy stock opened at $94.48 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The firm has a fifty day moving average price of $94.88 and a two-hundred day moving average price of $92.32. The company has a market cap of $72.83 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.95 and a beta of 0.46.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. Duke Energy’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Analysts expect that Duke Energy will post 5.98 EPS for the current year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 16th will be paid a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s payout ratio is currently 115.49%.
About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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