Investors Sell Duke Energy (DUK) on Strength (DUK)

Investors sold shares of Duke Energy Corp (NYSE:DUK) on strength during trading on Thursday. $53.95 million flowed into the stock on the tick-up and $118.00 million flowed out of the stock on the tick-down, for a money net flow of $64.05 million out of the stock. Of all stocks tracked, Duke Energy had the 27th highest net out-flow for the day. Duke Energy traded up $0.53 for the day and closed at $89.91

Several equities research analysts recently issued reports on DUK shares. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Morgan Stanley lifted their price target on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Bank of America lifted their price target on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.08.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65. The stock has a market capitalization of $65.18 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.58 and a beta of 0.06.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.05). Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Duke Energy Corp will post 4.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 15th were given a dividend of $0.9275 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.13%. Duke Energy’s dividend payout ratio is presently 78.60%.

In other news, EVP Melissa H. Anderson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total value of $174,980.00. Following the transaction, the executive vice president now owns 18,198 shares in the company, valued at approximately $1,592,143.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.08% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 164 shares during the period. Vigilant Capital Management LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $43,000. Sontag Advisory LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $43,000. Executive Wealth Management LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $52,000. Finally, Mackey Komara & Dankovich LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 60.70% of the company’s stock.

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Duke Energy Company Profile (NYSE:DUK)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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