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

Shares of Duke Energy Corp (NYSE:DUK) have received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $95.57.

Several equities analysts have recently weighed in on the company. SunTrust Banks set a $96.00 price target on Duke Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Credit Suisse Group raised their price target on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Citigroup reduced their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Morgan Stanley raised their price target on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 14th.

Duke Energy stock traded down $2.08 on Friday, hitting $90.50. 939,368 shares of the stock traded hands, compared to its average volume of 2,363,271. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The firm has a market cap of $67.87 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 3.84 and a beta of 0.07. The business’s fifty day simple moving average is $95.31 and its 200 day simple moving average is $90.74. Duke Energy has a 1 year low of $82.46 and a 1 year high of $97.37.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.69 by $0.10. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Duke Energy will post 4.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 annualized dividend and a dividend yield of 4.18%. Duke Energy’s payout ratio is presently 80.08%.

In related news, EVP Lloyd M. Yates sold 20,000 shares of Duke Energy stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $90.81, for a total value of $1,816,200.00. Following the completion of the sale, the executive vice president now directly owns 41,154 shares in the company, valued at approximately $3,737,194.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.05, for a total value of $154,785.00. Following the completion of the sale, the senior vice president now owns 4,891 shares of the company’s stock, valued at $445,325.55. The disclosure for this sale can be found here. Insiders sold a total of 26,802 shares of company stock valued at $2,443,654 over the last quarter. 0.09% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DUK. Atwater Malick LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth $26,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Duke Energy in the second quarter valued at about $34,000. Ellevest Inc. increased its holdings in shares of Duke Energy by 334.8% in the second quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 308 shares during the period. Selective Wealth Management Inc. acquired a new position in shares of Duke Energy in the third quarter valued at about $36,000. Finally, Larson Financial Group LLC increased its holdings in shares of Duke Energy by 65.5% in the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 167 shares during the period. Institutional investors own 60.32% of the company’s stock.

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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