Traders Sell Duke Energy Corp. (DUK) on Strength (DUK)
Investors sold shares of Duke Energy Corp. (NYSE:DUK) on strength during trading hours on Wednesday. $20.83 million flowed into the stock on the tick-up and $36.12 million flowed out of the stock on the tick-down, for a money net flow of $15.29 million out of the stock. Of all companies tracked, Duke Energy Corp. had the 0th highest net out-flow for the day. Duke Energy Corp. traded up $0.11 for the day and closed at $81.56
A number of analysts recently weighed in on DUK shares. Scotiabank reaffirmed a “sector perform” rating and set a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. Citigroup Inc. increased their price target on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 20th. Mizuho reissued a “neutral” rating and issued a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research lowered shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, Howard Weil increased their price target on shares of Duke Energy Corp. from $78.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.53.
The stock has a market capitalization of $56.19 billion and a price-to-earnings ratio of 21.56. The firm’s 50 day moving average is $84.41 and its 200 day moving average is $80.46.
Duke Energy Corp. (NYSE:DUK) last released its earnings results on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping 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 period last year, the firm posted $0.95 EPS. 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 issued a $0.855 dividend. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, August 10th.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $84.58, for a total value of $253,740.00. Following the transaction, the executive vice president now owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Several institutional investors recently added to or reduced their stakes in DUK. BlackRock Advisors LLC increased its position in Duke Energy Corp. by 20.2% in the fourth quarter. BlackRock Advisors LLC now owns 731,784 shares of the company’s stock valued at $52,242,000 after buying an additional 122,940 shares during the period. Schwab Charles Investment Management Inc. increased its position in 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. Home Federal Bank of Tennessee bought a new position in Duke Energy Corp. during the fourth quarter valued at approximately $1,988,000. Stephens Inc. AR increased its position in Duke Energy Corp. by 7.8% in the fourth quarter. Stephens Inc. AR now owns 125,416 shares of the company’s stock valued at $8,953,000 after buying an additional 9,111 shares during the period. Finally, American International Group Inc. increased its position in Duke Energy Corp. by 2.7% in the fourth quarter. American International Group Inc. now owns 288,729 shares of the company’s stock valued at $20,613,000 after buying an additional 7,602 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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