Investors Buy Shares of Duke Energy Corporation (DUK) on Weakness

Traders purchased shares of Duke Energy Corporation (NYSE:DUK) on weakness during trading on Friday. $56.36 million flowed into the stock on the tick-up and $29.29 million flowed out of the stock on the tick-down, for a money net flow of $27.07 million into the stock. Of all companies tracked, Duke Energy Corporation had the 27th highest net in-flow for the day. Duke Energy Corporation traded down ($0.69) for the day and closed at $88.52

DUK has been the topic of a number of research analyst reports. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Bank of America Corporation reissued a “neutral” rating and issued a $92.00 price target on shares of Duke Energy Corporation in a report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Duke Energy Corporation in a research note on Friday, September 1st. Citigroup Inc. lifted their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, Morgan Stanley lifted their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $86.90.

The firm has a market cap of $61,961.88, a PE ratio of 19.89, a P/E/G ratio of 4.84 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter in the prior year, the company posted $1.68 EPS. Duke Energy Corporation’s quarterly revenue was down 1.4% on a year-over-year basis. research analysts forecast that Duke Energy Corporation will post 4.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is 117.49%.

In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. purchased a new stake in shares of Duke Energy Corporation during the 2nd quarter worth $500,000. Trust Co. of Virginia VA increased its position in Duke Energy Corporation by 11.5% during the 2nd quarter. Trust Co. of Virginia VA now owns 13,500 shares of the utilities provider’s stock valued at $1,129,000 after buying an additional 1,392 shares in the last quarter. BlackRock Inc. increased its position in Duke Energy Corporation by 2,866.0% during the 1st quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares in the last quarter. IBM Retirement Fund increased its position in Duke Energy Corporation by 122.4% during the 2nd quarter. IBM Retirement Fund now owns 17,136 shares of the utilities provider’s stock valued at $1,601,000 after buying an additional 9,432 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Duke Energy Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the utilities provider’s stock valued at $3,628,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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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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