StockNews.com started coverage on shares of Duke Energy (NYSE:DUK – Get Rating) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the utilities provider’s stock.
Other analysts also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Duke Energy from $108.00 to $105.00 and set an equal weight rating for the company in a report on Wednesday, February 22nd. BMO Capital Markets boosted their price objective on shares of Duke Energy from $107.00 to $110.00 and gave the company an outperform rating in a report on Wednesday, January 4th. Wells Fargo & Company cut their price objective on shares of Duke Energy from $111.00 to $103.00 and set an equal weight rating for the company in a report on Friday, February 10th. Royal Bank of Canada cut their price objective on shares of Duke Energy from $116.00 to $112.00 and set a sector perform rating for the company in a report on Thursday, February 16th. Finally, Mizuho boosted their target price on shares of Duke Energy from $100.00 to $102.00 and gave the company a neutral rating in a research report on Friday, December 9th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Duke Energy has a consensus rating of Hold and a consensus target price of $106.64.
Duke Energy Stock Performance
Shares of DUK stock opened at $96.39 on Thursday. The company has a market capitalization of $74.23 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.17 and a beta of 0.42. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.51 and a current ratio of 0.70. The company has a 50-day simple moving average of $99.26 and a 200 day simple moving average of $98.95. Duke Energy has a 52 week low of $83.76 and a 52 week high of $116.33.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Friday, February 17th were given a dividend of $1.005 per share. This represents a $4.02 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Thursday, February 16th. Duke Energy’s dividend payout ratio is 121.08%.
Insider Buying and Selling
In related news, SVP Louis E. Renjel sold 1,900 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $99.90, for a total transaction of $189,810.00. Following the completion of the transaction, the senior vice president now directly owns 9,967 shares in the company, valued at approximately $995,703.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Duke Energy
A number of institutional investors have recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new position in Duke Energy in the 1st quarter valued at approximately $40,000. Cibc World Market Inc. increased its position in Duke Energy by 1.2% in the 1st quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock valued at $5,276,000 after acquiring an additional 581 shares during the period. Sequoia Financial Advisors LLC increased its position in Duke Energy by 29.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock valued at $1,089,000 after acquiring an additional 2,223 shares during the period. Covestor Ltd increased its position in Duke Energy by 447.8% in the 1st quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 1,030 shares during the period. Finally, Mather Group LLC. increased its position in Duke Energy by 5.2% in the 1st quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock valued at $726,000 after acquiring an additional 322 shares during the period. 63.22% of the stock is currently owned by institutional investors and hedge funds.
About Duke Energy
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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