Duke Energy Corporation (NYSE:DUK) EVP Douglas F. Esamann sold 5,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $86.22, for a total value of $431,100.00. Following the transaction, the executive vice president now directly owns 50,316 shares of the company’s stock, valued at $4,338,245.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 85.87 on Friday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The company has a market cap of $60.10 billion, a price-to-earnings ratio of 25.44 and a beta of 0.24. The firm has a 50-day moving average price of $84.84 and a 200 day moving average price of $83.11.
Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a return on equity of 7.72% and a net margin of 9.89%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, August 16th. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s payout ratio is presently 105.64%.
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A number of institutional investors have recently bought and sold shares of the stock. Truepoint Inc. increased its position in Duke Energy Corporation by 0.5% in the first quarter. Truepoint Inc. now owns 2,792 shares of the utilities provider’s stock valued at $229,000 after buying an additional 13 shares during the last quarter. Financial Advisory Service Inc. increased its position in Duke Energy Corporation by 0.3% in the second quarter. Financial Advisory Service Inc. now owns 6,722 shares of the utilities provider’s stock valued at $562,000 after buying an additional 17 shares during the last quarter. Valley National Advisers Inc. increased its position in Duke Energy Corporation by 0.7% in the first quarter. Valley National Advisers Inc. now owns 2,671 shares of the utilities provider’s stock valued at $219,000 after buying an additional 18 shares during the last quarter. Accredited Investors Inc. increased its position in Duke Energy Corporation by 0.7% in the first quarter. Accredited Investors Inc. now owns 2,787 shares of the utilities provider’s stock valued at $229,000 after buying an additional 19 shares during the last quarter. Finally, Hayek Kallen Investment Management increased its position in Duke Energy Corporation by 0.5% in the first quarter. Hayek Kallen Investment Management now owns 3,958 shares of the utilities provider’s stock valued at $325,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 55.41% of the company’s stock.
Several brokerages recently commented on DUK. Morgan Stanley increased their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. BMO Capital Markets reissued a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG reissued a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, July 11th. Finally, BidaskClub cut Duke Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. Duke Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $82.71.
Duke Energy Corporation 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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