Duke Energy Corp. (NYSE:DUK) fell 2% during mid-day trading on Thursday . The stock traded as low as $85.30 and last traded at $85.46, with a volume of 1,912,064 shares changing hands. The stock had previously closed at $87.23.

Several brokerages recently issued reports on DUK. Mizuho reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Saturday, March 19th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Duke Energy Corp. in a report on Monday, April 18th. Barclays PLC reissued a “hold” rating on shares of Duke Energy Corp. in a report on Saturday, March 19th. Zacks Investment Research raised shares of Duke Energy Corp. from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Finally, SunTrust Banks Inc. boosted their target price on shares of Duke Energy Corp. from $80.00 to $81.00 and gave the stock a “neutral” rating in a report on Monday, March 14th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Duke Energy Corp. currently has a consensus rating of “Hold” and an average price target of $77.54.

The firm has a 50-day moving average of $81.54 and a 200-day moving average of $77.85. The firm has a market cap of $59.25 billion and a PE ratio of 22.46.

Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $6.03 billion. Duke Energy Corp.’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Analysts forecast that Duke Energy Corp. will post $4.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Friday, May 20th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Wednesday, May 18th.

In other Duke Energy Corp. news, Director E Marie Mckee sold 1,558 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $76.66, for a total transaction of $119,436.28. Following the transaction, the director now directly owns 1 shares in the company, valued at $76.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have recently modified their holdings of the company. United Asset Strategies Inc. boosted its position in shares of Duke Energy Corp. by 2.9% in the fourth quarter. United Asset Strategies Inc. now owns 14,328 shares of the company’s stock valued at $1,023,000 after buying an additional 407 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its position in shares of Duke Energy Corp. by 3.5% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 14,598 shares of the company’s stock valued at $1,099,000 after buying an additional 494 shares in the last quarter. Pettyjohn Wood & White Inc. boosted its position in shares of Duke Energy Corp. by 16.3% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 14,865 shares of the company’s stock valued at $1,061,000 after buying an additional 2,079 shares in the last quarter. ICON Advisers boosted its position in shares of Duke Energy Corp. by 74.4% in the third quarter. ICON Advisers now owns 15,700 shares of the company’s stock valued at $1,129,000 after buying an additional 6,700 shares in the last quarter. Finally, Alerus Investment Advisors Corp boosted its position in shares of Duke Energy Corp. by 17.8% in the fourth quarter. Alerus Investment Advisors Corp now owns 15,734 shares of the company’s stock valued at $1,123,000 after buying an additional 2,382 shares in the last quarter.

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.