Morgan Stanley reiterated their equal weight rating on shares of Duke Energy (NYSE:DUK) in a research report report published on Thursday. Morgan Stanley currently has a $83.00 price target on the utilities provider’s stock, down from their prior price target of $85.00.
A number of other research firms have also recently issued reports on DUK. ValuEngine upgraded Duke Energy from a hold rating to a buy rating in a research note on Wednesday, November 15th. Wolfe Research upgraded shares of Duke Energy from an underperform rating to a market perform rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Duke Energy from a sell rating to a hold rating in a research note on Tuesday, December 12th. SunTrust Banks restated a hold rating and set a $83.00 price objective on shares of Duke Energy in a research note on Tuesday, December 26th. Finally, Guggenheim restated a buy rating and set a $96.00 price objective on shares of Duke Energy in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $86.33.
Shares of Duke Energy (NYSE:DUK) opened at $76.13 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $53,298.08, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 4.36 and a beta of 0.15. Duke Energy has a one year low of $72.93 and a one year high of $91.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 81.65%.
In other Duke Energy news, COO Dhiaa M. Jamil sold 500 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $89.08, for a total value of $44,540.00. Following the sale, the chief operating officer now directly owns 34,115 shares in the company, valued at $3,038,964.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.07% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. BB&T Investment Services Inc. raised its position in Duke Energy by 12.8% in the third quarter. BB&T Investment Services Inc. now owns 16,991 shares of the utilities provider’s stock worth $1,424,000 after acquiring an additional 1,923 shares in the last quarter. Sei Investments Co. raised its position in Duke Energy by 26.4% in the third quarter. Sei Investments Co. now owns 152,409 shares of the utilities provider’s stock worth $12,790,000 after acquiring an additional 31,789 shares in the last quarter. Iberiabank Corp raised its position in Duke Energy by 3.6% in the third quarter. Iberiabank Corp now owns 65,328 shares of the utilities provider’s stock worth $5,487,000 after acquiring an additional 2,297 shares in the last quarter. Atlantic Trust Group LLC raised its position in Duke Energy by 52.5% in the third quarter. Atlantic Trust Group LLC now owns 26,754 shares of the utilities provider’s stock worth $2,244,000 after acquiring an additional 9,213 shares in the last quarter. Finally, Swiss National Bank raised its position in Duke Energy by 0.9% in the third quarter. Swiss National Bank now owns 3,239,991 shares of the utilities provider’s stock worth $271,900,000 after acquiring an additional 28,500 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.
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.
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.