Traders Buy Shares of Duke Energy Corp. (DUK) on Weakness
Traders purchased shares of Duke Energy Corp. (NYSE:DUK) on weakness during trading hours on Tuesday. $69.48 million flowed into the stock on the tick-up and $51.04 million flowed out of the stock on the tick-down, for a money net flow of $18.44 million into the stock. Of all equities tracked, Duke Energy Corp. had the 15th highest net in-flow for the day. Duke Energy Corp. traded down ($1.57) for the day and closed at $84.44
Several brokerages have recently commented on DUK. Zacks Investment Research raised shares of Duke Energy Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Argus cut shares of Duke Energy Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. They noted that the move was a valuation call. Barclays PLC increased their price target on shares of Duke Energy Corp. from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, March 18th. Mizuho increased their price target on shares of Duke Energy Corp. from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, March 18th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Duke Energy Corp. in a research report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.77.
The company has a market cap of $58.17 billion and a price-to-earnings ratio of 22.05. The company’s 50-day moving average price is $82.05 and its 200-day moving average price is $78.09.
Duke Energy Corp. (NYSE:DUK) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.01. During the same quarter last year, the firm posted $1.24 EPS. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $6.03 billion. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities research analysts expect that Duke Energy Corp. will post $4.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.855 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $3.42 annualized dividend and a dividend yield of 3.98%. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83.
In other 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 transaction of $119,436.28. Following the transaction, the director now owns 1 shares in the company, valued at approximately $76.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Other hedge funds have bought and sold shares of the company. United Asset Strategies Inc. boosted its stake in Duke Energy Corp. by 2.9% in the fourth quarter. United Asset Strategies Inc. now owns 14,328 shares of the company’s stock worth $1,023,000 after buying an additional 407 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its stake in Duke Energy Corp. by 16.3% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 14,865 shares of the company’s stock worth $1,061,000 after buying an additional 2,079 shares during the last quarter. Alerus Investment Advisors Corp boosted its stake in Duke Energy Corp. by 17.8% in the fourth quarter. Alerus Investment Advisors Corp now owns 15,734 shares of the company’s stock worth $1,123,000 after buying an additional 2,382 shares during the last quarter. ICON Advisers boosted its stake in Duke Energy Corp. by 74.4% in the third quarter. ICON Advisers now owns 15,700 shares of the company’s stock worth $1,129,000 after buying an additional 6,700 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Duke Energy Corp. by 6.1% in the fourth quarter. Wedbush Securities Inc. now owns 16,898 shares of the company’s stock worth $1,206,000 after buying an additional 974 shares during 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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