The Duke Energy Corp. (DUK) Price Target Cut to $77.00 by Analysts at Citigroup Inc.

The Duke Energy Corp. (DUK) Price Target Cut to $77.00 by Analysts at Citigroup Inc.

Duke Energy Corp. (NYSE:DUK) had its price objective decreased by Citigroup Inc. from $82.00 to $77.00 in a report published on Tuesday morning. Citigroup Inc. currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Duke Energy Corp. from a hold rating to a buy rating and set a $96.00 price objective for the company in a research note on Tuesday, July 12th. Argus restated a hold rating on shares of Duke Energy Corp. in a research note on Wednesday, September 14th. Mizuho upped their price objective on Duke Energy Corp. from $75.00 to $80.00 and gave the stock a neutral rating in a research note on Thursday, August 4th. SunTrust Banks Inc. boosted their price target on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a neutral rating in a research report on Monday, September 26th. Finally, Scotiabank reiterated a sector perform rating and set a $88.00 price target (up previously from $78.00) on shares of Duke Energy Corp. in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. Duke Energy Corp. currently has an average rating of Hold and an average target price of $80.23.

Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.37% on Tuesday, hitting $77.17. The stock had a trading volume of 1,222,100 shares. The company’s 50-day moving average price is $80.49 and its 200 day moving average price is $81.24. Duke Energy Corp. has a 12-month low of $65.50 and a 12-month high of $87.75. The firm has a market cap of $53.16 billion, a P/E ratio of 20.40 and a beta of 0.13.

Duke Energy Corp. (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.06. The firm earned $5.10 billion during the quarter, compared to the consensus estimate of $5.71 billion. Duke Energy Corp. had a return on equity of 7.85% and a net margin of 11.39%. During the same period in the prior year, the business earned $0.95 EPS. On average, equities research analysts forecast that Duke Energy Corp. will post $4.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were given a dividend of $0.855 per share. This represents a $3.42 annualized dividend and a yield of 4.42%. This is a positive change from Duke Energy Corp.’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, August 10th. Duke Energy Corp.’s payout ratio is presently 90.24%.

In related news, EVP Douglas F. Esamann sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at $4,280,509.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DUK. Vanguard Group Inc. raised its position in Duke Energy Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 44,722,836 shares of the company’s stock valued at $3,836,772,000 after buying an additional 1,482,476 shares during the last quarter. State Street Corp raised its position in Duke Energy Corp. by 7.1% in the first quarter. State Street Corp now owns 33,751,418 shares of the company’s stock valued at $2,723,058,000 after buying an additional 2,230,071 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Duke Energy Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,587,523 shares of the company’s stock valued at $1,499,641,000 after buying an additional 69,871 shares during the last quarter. BlackRock Fund Advisors raised its position in Duke Energy Corp. by 18.4% in the second quarter. BlackRock Fund Advisors now owns 12,910,189 shares of the company’s stock valued at $1,107,565,000 after buying an additional 2,003,471 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Duke Energy Corp. by 7.9% in the second quarter. Capital Research Global Investors now owns 12,679,773 shares of the company’s stock valued at $1,087,798,000 after buying an additional 929,411 shares during the last quarter. 56.56% of the stock is currently owned by hedge funds and other institutional investors.

About Duke Energy Corp.

Related posts

Leave a Comment