Duke Energy (DUK) Downgraded by ValuEngine

ValuEngine downgraded shares of Duke Energy (NYSE:DUK) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Several other research analysts have also issued reports on the stock. Goldman Sachs lowered shares of Duke Energy from a neutral rating to a sell rating and increased their price target for the stock from $76.90 to $78.00 in a research report on Wednesday, March 28th. JPMorgan Chase increased their price target on shares of Duke Energy from $77.00 to $78.00 and gave the stock an underweight rating in a research report on Tuesday, April 10th. Deutsche Bank raised shares of Duke Energy from a hold rating to a buy rating and increased their price target for the stock from $77.22 to $86.00 in a research report on Monday, February 26th. Royal Bank of Canada reissued a buy rating and issued a $90.00 price target on shares of Duke Energy in a research report on Wednesday, March 14th. Finally, SunTrust Banks set a $80.00 price target on shares of Duke Energy and gave the stock a hold rating in a research report on Monday, March 26th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Duke Energy presently has an average rating of Hold and a consensus price target of $84.29.

Duke Energy opened at $73.80 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.64 and a quick ratio of 0.39. Duke Energy has a twelve month low of $72.93 and a twelve month high of $91.80. The stock has a market capitalization of $51.73 billion, a P/E ratio of 15.31, a P/E/G ratio of 4.01 and a beta of 0.10.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, May 10th. The utilities provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. Duke Energy had a net margin of 12.33% and a return on equity of 8.10%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company earned $1.04 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. sell-side analysts anticipate that Duke Energy will post 4.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, May 17th. Duke Energy’s payout ratio is 77.90%.

In other news, Director E Marie Mckee sold 2,006 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $77.49, for a total transaction of $155,444.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 3,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $76.98, for a total transaction of $292,524.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,894 shares of company stock valued at $454,703. Company insiders own 0.07% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truewealth LLC bought a new stake in shares of Duke Energy during the fourth quarter valued at approximately $102,000. Atwood & Palmer Inc. boosted its stake in Duke Energy by 434.9% in the first quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,096 shares during the last quarter. Shamrock Asset Management LLC bought a new position in Duke Energy in the fourth quarter valued at approximately $115,000. Global Trust Asset Management LLC bought a new position in Duke Energy in the fourth quarter valued at approximately $115,000. Finally, Centersquare Investment Management LLC bought a new position in Duke Energy in the first quarter valued at approximately $122,000. 57.45% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply