Duke Energy Corporation (DUK) Sets New 12-Month High at $90.08

Duke Energy Corporation (NYSE:DUK)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $90.08 and last traded at $88.89, with a volume of 2216600 shares. The stock had previously closed at $89.63.

DUK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of Duke Energy Corporation in a research report on Tuesday, August 29th. BidaskClub upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.90.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The firm has a market capitalization of $62,913.80, a P/E ratio of 20.20, a P/E/G ratio of 4.91 and a beta of 0.26.

Duke Energy Corporation (NYSE:DUK) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. analysts predict that Duke Energy Corporation will post 4.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 117.49%.

In other Duke Energy Corporation news, EVP Lloyd M. Yates sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.07% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Winfield Associates Inc. grew its stake in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 165 shares during the period. Nelson Roberts Investment Advisors LLC acquired a new stake in Duke Energy Corporation in the third quarter valued at approximately $112,000. Jolley Asset Management LLC grew its stake in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 313 shares during the period. Daiwa SB Investments Ltd. acquired a new stake in Duke Energy Corporation in the second quarter valued at approximately $130,000. Finally, AllSquare Wealth Management LLC acquired a new stake in Duke Energy Corporation in the third quarter valued at approximately $155,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

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Duke Energy Corporation Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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