Investors Sell Shares of Duke Energy Corporation (DUK) on Strength (DUK)
Traders sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading on Monday. $35.81 million flowed into the stock on the tick-up and $64.65 million flowed out of the stock on the tick-down, for a money net flow of $28.84 million out of the stock. Of all stocks tracked, Duke Energy Corporation had the 24th highest net out-flow for the day. Duke Energy Corporation traded up $0.99 for the day and closed at $89.88
DUK has been the topic of several research analyst reports. Zacks Investment Research cut Duke Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. KeyCorp reiterated a “hold” rating on shares of Duke Energy Corporation in a report on Friday, September 1st. Bank of America Corporation reiterated a “neutral” rating and issued a $92.00 price objective on shares of Duke Energy Corporation in a report on Tuesday, October 24th. Citigroup Inc. lifted their price objective on Duke Energy Corporation from $74.00 to $77.00 and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, Morgan Stanley lifted their price objective on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.90.
The stock has a market cap of $62,220.83, a PE ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71.
Duke Energy Corporation (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a net margin of 9.09% and a return on equity of 7.54%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. equities research analysts forecast that Duke Energy Corporation will post 4.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s payout ratio is presently 117.49%.
Several hedge funds have recently added to or reduced their stakes in DUK. Independent Advisor Alliance raised its position in shares of Duke Energy Corporation by 11.4% during the 1st quarter. Independent Advisor Alliance now owns 69,552 shares of the utilities provider’s stock valued at $5,764,000 after buying an additional 7,113 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its position in shares of Duke Energy Corporation by 1.9% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 18,111 shares of the utilities provider’s stock valued at $1,485,000 after buying an additional 345 shares during the period. Savant Capital LLC raised its position in shares of Duke Energy Corporation by 0.3% during the 1st quarter. Savant Capital LLC now owns 11,240 shares of the utilities provider’s stock valued at $922,000 after buying an additional 39 shares during the period. Cadinha & Co. LLC raised its position in shares of Duke Energy Corporation by 9.4% during the 1st quarter. Cadinha & Co. LLC now owns 11,590 shares of the utilities provider’s stock valued at $950,000 after buying an additional 1,000 shares during the period. Finally, Hancock Holding Co. increased its holdings in Duke Energy Corporation by 13.0% in the 1st quarter. Hancock Holding Co. now owns 13,237 shares of the utilities provider’s stock valued at $1,086,000 after purchasing an additional 1,519 shares during the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.
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About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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