Duke Energy Corporation (NYSE:DUK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Duke Energy Corporation (NYSE:DUKGet Free Report) have earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $135.5625.

A number of equities research analysts have weighed in on DUK shares. TD Cowen began coverage on Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective for the company. Barclays reduced their price target on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday. Scotiabank raised their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, December 16th. UBS Group reduced their target price on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Evercore ISI began coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 target price for the company.

Check Out Our Latest Stock Report on Duke Energy

Trending Headlines about Duke Energy

Here are the key news stories impacting Duke Energy this week:

Duke Energy Price Performance

Shares of DUK opened at $119.24 on Monday. Duke Energy has a 1-year low of $108.45 and a 1-year high of $130.03. The stock has a market cap of $92.73 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.59 and a beta of 0.50. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The firm has a fifty day moving average price of $118.94 and a 200 day moving average price of $121.40.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the company posted $1.62 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president owned 11,367 shares in the company, valued at $1,407,234.60. This represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Duke Energy

Institutional investors have recently bought and sold shares of the company. Dorato Capital Management acquired a new position in shares of Duke Energy during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Duke Energy during the 3rd quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $28,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in Duke Energy during the fourth quarter worth $30,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Company Profile

(Get Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

Further Reading

Analyst Recommendations for Duke Energy (NYSE:DUK)

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