Traders bought shares of Duke Energy Corp (NYSE:DUK) on weakness during trading hours on Friday. $82.26 million flowed into the stock on the tick-up and $39.88 million flowed out of the stock on the tick-down, for a money net flow of $42.38 million into the stock. Of all stocks tracked, Duke Energy had the 19th highest net in-flow for the day. Duke Energy traded down ($0.38) for the day and closed at $78.90
Several analysts have recently weighed in on the stock. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Wolfe Research raised shares of Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price target on shares of Duke Energy in a research note on Monday, November 6th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of Duke Energy in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and an average price target of $87.48.
The firm has a market capitalization of $55,228.11, a P/E ratio of 17.73, a P/E/G ratio of 4.08 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41.
The firm also recently disclosed 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. This represents a $3.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is 117.49%.
In related news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
A number of large investors have recently modified their holdings of DUK. Financial Advisory Service Inc. grew its holdings in Duke Energy by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 17 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in Duke Energy by 0.3% in the second quarter. Hodges Capital Management Inc. now owns 7,105 shares of the utilities provider’s stock worth $594,000 after purchasing an additional 19 shares during the last quarter. Accredited Investors Inc. grew its holdings in Duke Energy by 0.7% in the second quarter. Accredited Investors Inc. now owns 2,806 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 19 shares during the last quarter. Hudock Capital Group LLC grew its holdings in Duke Energy by 0.3% in the second quarter. Hudock Capital Group LLC now owns 8,370 shares of the utilities provider’s stock worth $699,000 after purchasing an additional 24 shares during the last quarter. Finally, Shoker Investment Counsel Inc. grew its holdings in Duke Energy by 0.6% in the second quarter. Shoker Investment Counsel Inc. now owns 4,512 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 28 shares during the last quarter. 57.23% of the stock is owned by institutional investors.
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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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