Duke Energy (NYSE:DUK) Downgraded to Sell at Seaport Res Ptn

Seaport Res Ptn lowered shares of Duke Energy (NYSE:DUKGet Rating) from a neutral rating to a sell rating in a report published on Monday morning, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Duke Energy’s FY2022 earnings at $5.25 EPS, FY2023 earnings at $5.64 EPS, FY2024 earnings at $5.96 EPS and FY2025 earnings at $6.33 EPS.

Several other equities research analysts also recently commented on the stock. KeyCorp lowered their target price on shares of Duke Energy from $116.00 to $108.00 and set an overweight rating for the company in a research note on Thursday, October 20th. BMO Capital Markets upped their target price on shares of Duke Energy from $98.00 to $101.00 and gave the company an outperform rating in a research note on Monday, November 7th. StockNews.com initiated coverage on shares of Duke Energy in a research note on Wednesday, October 12th. They issued a hold rating for the company. Wells Fargo & Company lowered their target price on shares of Duke Energy from $120.00 to $98.00 and set an equal weight rating for the company in a research note on Wednesday, October 19th. Finally, Credit Suisse Group lowered their target price on shares of Duke Energy from $114.00 to $94.00 and set a neutral rating for the company in a research note on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $105.09.

Duke Energy Trading Up 0.9 %

Shares of NYSE DUK opened at $98.54 on Monday. Duke Energy has a 1-year low of $83.76 and a 1-year high of $116.33. The company has a market cap of $75.88 billion, a PE ratio of 19.87, a P/E/G ratio of 3.38 and a beta of 0.40. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $94.87 and a two-hundred day moving average of $103.57.

Duke Energy (NYSE:DUKGet Rating) last announced its earnings results on Friday, November 4th. The utilities provider reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.07). The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $7.45 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.03%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.88 earnings per share. As a group, equities analysts expect that Duke Energy will post 5.29 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be issued a dividend of $1.005 per share. This represents a $4.02 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, November 17th. Duke Energy’s payout ratio is 81.05%.

Insider Buying and Selling

In other Duke Energy news, EVP Steven K. Young sold 415 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $93.57, for a total transaction of $38,831.55. Following the sale, the executive vice president now directly owns 112,412 shares of the company’s stock, valued at $10,518,390.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Duke Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in shares of Duke Energy in the third quarter valued at about $25,000. Lowe Wealth Advisors LLC raised its position in shares of Duke Energy by 124.8% in the third quarter. Lowe Wealth Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 166 shares during the period. Ameliora Wealth Management Ltd. bought a new position in shares of Duke Energy in the third quarter valued at about $30,000. Clear Perspectives Financial Planning LLC increased its position in Duke Energy by 1,138.5% during the third quarter. Clear Perspectives Financial Planning LLC now owns 322 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 296 shares during the period. Finally, Carl Stuart Investment Advisor Inc. bought a new position in Duke Energy during the first quarter worth about $33,000. 63.76% of the stock is owned by institutional investors.

Duke Energy Company Profile

(Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

See Also

Analyst Recommendations for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.