Duke Energy Corp. (NYSE:DUK) saw unusually-high trading volume on Wednesday . Approximately 3,790,155 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 3,046,013 shares.The stock last traded at $80.98 and had previously closed at $80.45.

DUK has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Duke Energy Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Citigroup Inc. increased their target price on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Howard Weil increased their target price on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, August 8th. Mizuho reissued a “neutral” rating and issued a $75.00 target price (down previously from $80.00) on shares of Duke Energy Corp. in a research note on Thursday, May 19th. Finally, Scotiabank reissued a “sector perform” rating and issued a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.53.

The firm’s 50 day moving average price is $84.91 and its 200-day moving average price is $80.32. The stock has a market cap of $56.28 billion and a price-to-earnings ratio of 21.59.

Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.06. The company earned $5.10 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the firm posted $0.95 earnings per share. On average, equities analysts predict that Duke Energy Corp. will post $4.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 12th will be issued a $0.855 dividend. This is a boost from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, August 10th. This represents a $3.42 annualized dividend and a yield of 4.19%.

In related news, Director E Marie Mckee sold 1,558 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $76.66, for a total value of $119,436.28. Following the sale, the director now directly owns 1 shares in the company, valued at approximately $76.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now owns 50,609 shares in the company, valued at $4,280,509.22. The disclosure for this sale can be found here.

A number of hedge funds recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in shares of Duke Energy Corp. by 3.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,874,489 shares of the company’s stock valued at $133,820,000 after buying an additional 66,066 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Duke Energy Corp. by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,007,714 shares of the company’s stock worth $71,949,000 after buying an additional 63,065 shares during the period. BlackRock Advisors LLC raised its stake in shares of Duke Energy Corp. by 20.2% in the fourth quarter. BlackRock Advisors LLC now owns 731,784 shares of the company’s stock worth $52,242,000 after buying an additional 122,940 shares during the period. Morningstar Investment Services LLC raised its stake in shares of 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. Finally, Suntrust Banks Inc. raised its stake in shares of Duke Energy Corp. by 2.8% in the fourth quarter. Suntrust Banks Inc. now owns 487,672 shares of the company’s stock worth $34,814,000 after buying an additional 13,467 shares during the period.

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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