Duke Energy Corp. (DUK) Sets New 1-Year High at $87.21
Duke Energy Corp. (NYSE:DUK) hit a new 52-week high on Wednesday . The company traded as high as $87.21 and last traded at $86.92, with a volume of 1,911,440 shares changing hands. The stock had previously closed at $86.93.
A number of brokerages have recently weighed in on DUK. Mizuho reissued a “hold” rating on shares of Duke Energy Corp. in a report on Saturday, March 19th. Deutsche Bank AG reissued a “hold” rating on shares of Duke Energy Corp. in a report on Monday, April 18th. Barclays PLC reissued a “hold” rating on shares of Duke Energy Corp. in a report on Saturday, March 19th. Zacks Investment Research raised shares of Duke Energy Corp. from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. Finally, SunTrust Banks Inc. boosted their price objective on shares of Duke Energy Corp. from $80.00 to $81.00 and gave the company a “neutral” rating in a report on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $77.54.
The company has a market capitalization of $58.76 billion and a PE ratio of 22.27. The firm has a 50-day moving average of $81.28 and a 200-day moving average of $77.73.
Duke Energy Corp. (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.01. The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Duke Energy Corp.’s quarterly revenue was down 7.3% compared to the same quarter last year. Analysts forecast that Duke Energy Corp. will post $4.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Friday, May 20th were paid a $0.825 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $3.30 dividend on an annualized basis and a yield of 3.87%.
In other Duke Energy Corp. news, Director E Marie Mckee sold 1,558 shares of Duke Energy Corp. stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $76.66, for a total value of $119,436.28. Following the transaction, the director now directly owns 1 shares in the company, valued at $76.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Duke Energy Corp. by 9,011.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,276,937 shares of the company’s stock worth $91,161,000 after buying an additional 1,262,922 shares in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. CI Investments Inc. acquired a new position in Duke Energy Corp. during the fourth quarter worth approximately $29,655,000. Alps Advisors Inc. acquired a new position in Duke Energy Corp. during the fourth quarter worth approximately $20,540,000. Finally, Philadelphia Trust Co. raised its position 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 in the last quarter.
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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