Duke Energy Corporation (NYSE:DUK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Duke Energy Corporation (NYSE:DUKGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $138.9333.

DUK has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, May 4th. Barclays reiterated an “overweight” rating on shares of Duke Energy in a research report on Thursday. Mizuho increased their target price on Duke Energy from $130.00 to $139.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Jefferies Financial Group dropped their target price on shares of Duke Energy from $143.00 to $138.00 in a report on Monday, May 11th. Finally, UBS Group cut their target price on Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th.

Read Our Latest Analysis on Duke Energy

Duke Energy Price Performance

Shares of NYSE:DUK opened at $123.73 on Thursday. The company has a market capitalization of $96.46 billion, a PE ratio of 18.95 and a beta of 0.39. Duke Energy has a one year low of $113.89 and a one year high of $134.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.66. The stock has a fifty day moving average of $125.74 and a 200-day moving average of $124.06.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.06. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the firm earned $1.76 EPS. Duke Energy’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Duke Energy will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were paid a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, May 15th. Duke Energy’s dividend payout ratio is currently 65.24%.

Key Duke Energy News

Here are the key news stories impacting Duke Energy this week:

Insider Buying and Selling

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the sale, the chief executive officer directly owned 96,102 shares in the company, valued at $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the transaction, the chief executive officer directly owned 21,415 shares in the company, valued at $2,680,087.25. The trade was a 14.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DUK. Vanguard Group Inc. boosted its position in shares of Duke Energy by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after buying an additional 1,957,592 shares during the last quarter. Geode Capital Management LLC raised its holdings in Duke Energy by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 19,292,633 shares of the utilities provider’s stock worth $2,266,675,000 after buying an additional 230,375 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,931,127 shares of the utilities provider’s stock valued at $1,046,818,000 after buying an additional 58,375 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Duke Energy by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after purchasing an additional 954,907 shares during the period. Finally, Northern Trust Corp raised its stake in Duke Energy by 0.4% during the third quarter. Northern Trust Corp now owns 7,758,700 shares of the utilities provider’s stock valued at $960,139,000 after purchasing an additional 31,703 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

See Also

Analyst Recommendations for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.