Duke Energy Corp (NYSE:DUK) announced a quarterly dividend on Monday, July 8th, RTT News reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.945 per share by the utilities provider on Monday, September 16th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, August 15th. This is a boost from Duke Energy’s previous quarterly dividend of $0.93.

Duke Energy has increased its dividend payment by an average of 3.9% annually over the last three years and has raised its dividend every year for the last 12 years. Duke Energy has a dividend payout ratio of 80.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Duke Energy to earn $5.14 per share next year, which means the company should continue to be able to cover its $3.78 annual dividend with an expected future payout ratio of 73.5%.

DUK stock opened at $89.82 on Wednesday. The firm has a market cap of $65.39 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 3.71 and a beta of 0.12. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average price is $88.60. Duke Energy has a 52 week low of $78.00 and a 52 week high of $91.67.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. As a group, equities analysts forecast that Duke Energy will post 4.93 earnings per share for the current year.

In related news, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the sale, the senior vice president now directly owns 6,091 shares in the company, valued at approximately $523,338.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $87.37, for a total value of $155,605.97. Following the completion of the sale, the director now owns 1 shares of the company’s stock, valued at $87.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,598 shares of company stock valued at $752,989. 0.09% of the stock is owned by insiders.

DUK has been the subject of several recent research reports. Citigroup lowered their price target on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Barclays lowered their price target on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating for the company in a report on Tuesday, June 18th. KeyCorp initiated coverage on Duke Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating for the company. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Finally, Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target for the company. in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Duke Energy currently has an average rating of “Hold” and an average price target of $90.50.

About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Dividend History for Duke Energy (NYSE:DUK)

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