Investors Sell 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 equities 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 research analysts recently commented on the stock. Argus reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research report 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 for the company in a research report on Tuesday, July 12th. Mizuho reissued a “neutral” rating and issued a $75.00 target price on shares of Duke Energy Corp. in a research report on Thursday, June 30th. Citigroup Inc. boosted 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 report on Wednesday, July 20th. Finally, Scotiabank reissued a “sector perform” rating and issued a $88.00 target price (up from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One 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 stock. The company has an average rating of “Hold” and a consensus target price of $80.47.
The company’s 50-day moving average is $83.45 and its 200-day moving average is $80.53. The company has a market capitalization of $55.28 billion and a PE ratio of 21.21.
Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.06. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the prior year, the business earned $0.95 earnings per share. On average, equities analysts predict that Duke Energy Corp. will post $4.60 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders 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 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 4.26%.
In other news, EVP Douglas F. Esamann sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in Duke Energy Corp. stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Duke Energy Corp. (NYSE:DUK) by 3.7% during the fourth quarter, according to its most recent Form 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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