Investors Sell Duke Energy Corp. (DUK) on Strength (DUK)
Investors sold shares of Duke Energy Corp. (NYSE:DUK) on strength during trading hours on Wednesday. $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 research firms have commented on DUK. Argus reiterated a “hold” rating on shares of Duke Energy Corp. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Duke Energy Corp. from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Tuesday, July 12th. Mizuho reissued a “neutral” rating and issued a $75.00 price target on shares of Duke Energy Corp. in a research note on Thursday, June 30th. Citigroup Inc. increased their price target on shares of Duke Energy Corp. from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Finally, Scotiabank reissued a “sector perform” rating and issued a $88.00 price target (up previously 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 given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $80.47.
The firm has a market capitalization of $54.88 billion and a P/E ratio of 21.06. The company’s 50-day moving average is $83.64 and its 200 day moving average is $80.54.
Duke Energy Corp. (NYSE:DUK) last announced its earnings results on Thursday, August 4th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. During the same quarter in the previous year, the firm posted $0.95 EPS. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.71 billion. Equities analysts forecast that Duke Energy Corp. will post $4.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 12th will be given a dividend of $0.855 per share. This represents a $3.42 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, August 10th. This is an increase from Duke Energy Corp.’s previous quarterly dividend of $0.83.
In other Duke Energy Corp. news, EVP Douglas F. Esamann sold 3,000 shares of Duke Energy Corp. 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 completion of the transaction, the executive vice president now owns 50,609 shares in the company, valued at $4,280,509.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Duke Energy Corp. stock. American International Group Inc. boosted its position in shares of Duke Energy Corp. (NYSE:DUK) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,729 shares of the company’s stock after buying an additional 7,602 shares during the period. American International Group Inc.’s holdings in Duke Energy Corp. were worth $20,613,000 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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