Traders Sell Duke Energy Corp. (DUK) on Strength (DUK)
Traders sold shares of Duke Energy Corp. (NYSE:DUK) on strength during trading on Monday. $30.78 million flowed into the stock on the tick-up and $49.51 million flowed out of the stock on the tick-down, for a money net flow of $18.73 million out of the stock. Of all equities tracked, Duke Energy Corp. had the 0th highest net out-flow for the day. Duke Energy Corp. traded up $0.19 for the day and closed at $86.69
A number of analysts recently commented on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Duke Energy Corp. in a research report on Monday, April 18th. Mizuho restated a “neutral” rating and set a $75.00 target price on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Zacks Investment Research upgraded Duke Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Citigroup Inc. boosted their target price on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Finally, SunTrust Banks Inc. decreased their target price on Duke Energy Corp. from $84.00 to $82.00 in a research report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $78.97.
The stock has a market cap of $59.72 billion and a PE ratio of 22.64. The company’s 50 day moving average is $83.79 and its 200-day moving average is $78.95.
Duke Energy Corp. (NYSE:DUK) last released its earnings results on Tuesday, May 3rd. The company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by $0.01. The firm earned $5.26 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The company’s revenue was down 7.3% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corp. will post $4.60 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be paid a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, August 10th.
In other news, Director E Marie Mckee sold 1,558 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $76.66, for a total value of $119,436.28. Following the completion of the sale, the director now owns 1 shares of the company’s stock, valued at approximately $76.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Several large investors recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Duke Energy Corp. by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,127,693 shares of the company’s stock worth $2,936,105,000 after buying an additional 818,783 shares during the period. Morningstar Investment Services LLC raised its stake in Duke Energy Corp. by 56.2% in the fourth quarter. Morningstar Investment Services LLC now owns 491,854 shares of the company’s stock worth $35,113,000 after buying an additional 176,919 shares during the period. Philadelphia Trust Co. raised its stake in Duke Energy Corp. by 783.6% in the fourth quarter. Philadelphia Trust Co. now owns 151,765 shares of the company’s stock worth $10,741,000 after buying an additional 134,590 shares during the period. Bank of Montreal Can raised its stake in Duke Energy Corp. by 21.3% in the fourth quarter. Bank of Montreal Can now owns 716,121 shares of the company’s stock worth $51,124,000 after buying an additional 125,938 shares during the period. Finally, Afam Capital Inc. bought a new stake in Duke Energy Corp. during the fourth quarter worth $5,043,000.
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).
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