Traders Sell Shares of Duke Energy Corp. (DUK) on Strength (DUK)
Investors sold shares of Duke Energy Corp. (NYSE:DUK) on strength during trading hours on Thursday. $41.17 million flowed into the stock on the tick-up and $78.48 million flowed out of the stock on the tick-down, for a money net flow of $37.31 million out of the stock. Of all stocks tracked, Duke Energy Corp. had the 0th highest net out-flow for the day. Duke Energy Corp. traded up $0.14 for the day and closed at $79.66
A number of brokerages have commented on DUK. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research note on Tuesday, July 26th. Zacks Investment Research raised shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, July 12th. Mizuho reaffirmed a “neutral” rating and set a $75.00 target price on shares of Duke Energy Corp. in a research note on Thursday, June 30th. Citigroup Inc. lifted their target price on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. Duke Energy Corp. has an average rating of “Hold” and an average price target of $80.47.
The company has a 50-day moving average of $83.48 and a 200-day moving average of $80.53. The stock has a market capitalization of $54.65 billion and a P/E ratio of 20.97.
Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.06. During the same period in the prior year, the business earned $0.95 earnings per share. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. On average, equities analysts forecast that Duke Energy Corp. will post $4.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.855 per share. The ex-dividend date is Wednesday, August 10th. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. This represents a $3.42 annualized dividend and a dividend yield of 4.31%.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of the firm’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 sale, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in Duke Energy Corp. stock. Schwab Charles Investment Management Inc. increased its stake in Duke Energy Corp. (NYSE:DUK) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,874,489 shares of the company’s stock after buying an additional 66,066 shares during the period. Schwab Charles Investment Management Inc. owned 0.27% of Duke Energy Corp. worth $133,820,000 at the end of the most recent reporting 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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