Duke Energy Corp (NYSE:DUK) Receives Average Recommendation of “Hold” from Analysts

Duke Energy Corp (NYSE:DUK) has been given a consensus rating of “Hold” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $93.43.

A number of equities research analysts recently commented on DUK shares. JPMorgan Chase & Co. decreased their price target on shares of Duke Energy from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Seaport Global Securities initiated coverage on shares of Duke Energy in a report on Tuesday, June 9th. They issued a “neutral” rating on the stock. Bank of America reiterated a “neutral” rating and set a $83.00 price objective (down previously from $93.00) on shares of Duke Energy in a research note on Wednesday, May 13th. Barclays decreased their price target on shares of Duke Energy from $104.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, March 26th. Finally, Wells Fargo & Co decreased their price target on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th.

In related news, SVP Harry K. Sideris sold 1,285 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the sale, the senior vice president now owns 5,396 shares in the company, valued at approximately $433,946.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dwight L. Jacobs sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the completion of the sale, the senior vice president now owns 5,191 shares in the company, valued at approximately $436,615.01. The disclosure for this sale can be found here. Insiders have sold a total of 3,284 shares of company stock valued at $272,098 over the last quarter. 0.11% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Duke Energy by 1.8% in the first quarter. State Street Corp now owns 40,579,311 shares of the utilities provider’s stock worth $3,282,055,000 after acquiring an additional 724,700 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Duke Energy by 1.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,684,152 shares of the utilities provider’s stock worth $1,996,454,000 after acquiring an additional 403,703 shares during the period. Wellington Management Group LLP raised its position in shares of Duke Energy by 14.8% in the first quarter. Wellington Management Group LLP now owns 15,413,073 shares of the utilities provider’s stock worth $1,246,611,000 after buying an additional 1,987,105 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Duke Energy by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 12,469,974 shares of the utilities provider’s stock worth $1,137,386,000 after buying an additional 36,996 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Duke Energy by 1.1% in the first quarter. Invesco Ltd. now owns 12,167,002 shares of the utilities provider’s stock worth $984,066,000 after buying an additional 130,788 shares in the last quarter. 64.18% of the stock is owned by institutional investors.

DUK stock traded down $0.52 during midday trading on Friday, hitting $78.93. 5,147,879 shares of the stock traded hands, compared to its average volume of 3,809,491. The firm has a market cap of $58.38 billion, a P/E ratio of 15.70, a PEG ratio of 3.34 and a beta of 0.34. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.67 and a quick ratio of 0.45. The stock’s fifty day simple moving average is $84.61 and its 200-day simple moving average is $88.74. Duke Energy has a 1-year low of $62.13 and a 1-year high of $103.79.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, May 12th. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period last year, the firm earned $1.24 earnings per share. Duke Energy’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts predict that Duke Energy will post 5.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.78 annualized dividend and a dividend yield of 4.79%. Duke Energy’s dividend payout ratio is currently 74.70%.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Analyst Recommendations for Duke Energy (NYSE:DUK)

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