Todays Report: The Duke Energy Corp.’s (DUK) Hold Rating Reaffirmed at Argus

The Duke Energy Corp.’s (DUK) Hold Rating Reaffirmed at Argus

Argus reiterated their hold rating on shares of Duke Energy Corp. (NYSE:DUK) in a research report released on Tuesday morning.

Several other equities analysts have also recently weighed in on DUK. Mizuho restated a neutral rating and set a $75.00 price target on shares of Duke Energy Corp. in a report on Thursday, June 30th. Zacks Investment Research upgraded Duke Energy Corp. from a hold rating to a buy rating and set a $96.00 target price for the company in a report on Tuesday, July 12th. Citigroup Inc. lifted their target price on Duke Energy Corp. from $72.00 to $82.00 and gave the stock a neutral rating in a report on Wednesday, July 20th. Howard Weil lifted their target price on Duke Energy Corp. from $78.00 to $88.00 and gave the stock a sector perform rating in a report on Monday, August 8th. Finally, Scotiabank reiterated a sector perform rating and issued a $88.00 target price (up previously from $78.00) on shares of Duke Energy Corp. in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $80.23.

Shares of Duke Energy Corp. (NYSE:DUK) traded down 0.28% during mid-day trading on Tuesday, reaching $77.24. The company’s stock had a trading volume of 1,019,176 shares. The company has a market cap of $53.21 billion, a PE ratio of 20.42 and a beta of 0.13. Duke Energy Corp. has a 52-week low of $65.50 and a 52-week high of $87.75. The company has a 50-day moving average price of $80.49 and a 200 day moving average price of $81.24.

Duke Energy Corp. (NYSE:DUK) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.06. The business earned $5.10 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.95 EPS. Equities analysts expect that Duke Energy Corp. will post $4.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were given a $0.855 dividend. This represents a $3.42 annualized dividend and a dividend 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 other news, EVP Douglas F. Esamann sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $84.58, for a total value of $253,740.00. Following the completion of the transaction, the executive vice president now directly owns 50,609 shares of the company’s stock, valued at approximately $4,280,509.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of 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 period. BlackRock Fund Advisors increased its position in shares of 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 period. Vanguard Group Inc. increased its position in shares of 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 period. Emerald Acquisition Ltd. acquired a new position in shares of Duke Energy Corp. during the second quarter valued at $106,672,000. Finally, Capital Research Global Investors increased its position in shares of 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 period. Hedge funds and other institutional investors own 56.56% of the company’s stock.

About Duke Energy Corp.

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