Duke Energy Co. (NYSE:DUK – Get Rating) was the recipient of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 8,620,000 shares, a growth of 8.7% from the December 15th total of 7,930,000 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 3,210,000 shares, the days-to-cover ratio is currently 2.7 days.
Duke Energy Stock Performance
Shares of NYSE:DUK traded down $0.17 during midday trading on Tuesday, reaching $100.82. 1,737,293 shares of the company’s stock traded hands, compared to its average volume of 2,682,616. The company has a market cap of $77.64 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 3.29 and a beta of 0.39. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.56 and a current ratio of 0.77. Duke Energy has a one year low of $83.76 and a one year high of $116.33. The stock has a 50 day moving average of $101.46 and a 200 day moving average of $101.84.
Duke Energy (NYSE:DUK – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The utilities provider reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.45 billion. Duke Energy had a net margin of 14.03% and a return on equity of 8.24%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. As a group, equities research analysts anticipate that Duke Energy will post 5.29 EPS for the current fiscal year.
Duke Energy Dividend Announcement
Wall Street Analyst Weigh In
DUK has been the topic of several research analyst reports. Seaport Res Ptn cut Duke Energy from a “neutral” rating to a “sell” rating in a research note on Monday, November 21st. Wells Fargo & Company upped their price target on Duke Energy from $99.00 to $111.00 in a research note on Wednesday, December 14th. Guggenheim reduced their price target on Duke Energy from $119.00 to $97.00 in a research note on Monday, October 24th. BMO Capital Markets upped their price target on Duke Energy from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 4th. Finally, Mizuho upped their price target on Duke Energy from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, December 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy has an average rating of “Hold” and a consensus target price of $107.45.
Insider Buying and Selling at Duke Energy
In other Duke Energy news, EVP Steven K. Young sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $93.57, for a total value of $38,831.55. Following the completion of the sale, the executive vice president now owns 112,412 shares in the company, valued at $10,518,390.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in Duke Energy in the third quarter valued at about $25,000. Lowe Wealth Advisors LLC increased its position in Duke Energy by 124.8% in the third quarter. Lowe Wealth Advisors LLC now owns 299 shares of the utilities provider’s stock worth $28,000 after buying an additional 166 shares in the last quarter. EWG Elevate Inc. purchased a new stake in Duke Energy in the fourth quarter worth about $28,000. WJ Interests LLC purchased a new stake in Duke Energy in the fourth quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Duke Energy in the third quarter worth about $30,000. Institutional investors own 63.22% of the company’s stock.
Duke Energy Company Profile
Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.
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