Traders Buy Shares of Duke Energy (DUK) on Weakness

Traders purchased shares of Duke Energy Corp (NYSE:DUK) on weakness during trading on Monday. $82.26 million flowed into the stock on the tick-up and $39.88 million flowed out of the stock on the tick-down, for a money net flow of $42.38 million into the stock. Of all stocks tracked, Duke Energy had the 19th highest net in-flow for the day. Duke Energy traded down ($0.38) for the day and closed at $78.90

DUK has been the topic of a number of research analyst reports. Guggenheim restated a “buy” rating and issued a $96.00 target price on shares of Duke Energy in a research report on Wednesday, January 3rd. SunTrust Banks restated a “hold” rating and issued a $87.00 target price on shares of Duke Energy in a research report on Wednesday, October 4th. Goldman Sachs Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $80.11 to $88.00 in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on Duke Energy from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and a consensus target price of $87.48.

The company has a current ratio of 0.71, a quick ratio of 0.41 and a debt-to-equity ratio of 1.17. The firm has a market cap of $55,230.00, a price-to-earnings ratio of 20.71, a PEG ratio of 4.08 and a beta of 0.26.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a $0.89 dividend. The ex-dividend date is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.51%. Duke Energy’s dividend payout ratio is presently 93.44%.

In related news, EVP Lloyd M. Yates sold 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.07% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of DUK. Vanguard Group Inc. grew its stake in Duke Energy by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock worth $4,183,115,000 after purchasing an additional 1,572,216 shares in the last quarter. BlackRock Inc. grew its stake in Duke Energy by 1.2% during the 2nd quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock worth $3,612,384,000 after purchasing an additional 506,596 shares in the last quarter. Federated Investors Inc. PA grew its stake in Duke Energy by 1.5% during the 2nd quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock worth $791,919,000 after purchasing an additional 141,551 shares in the last quarter. Northern Trust Corp grew its stake in Duke Energy by 0.9% during the 2nd quarter. Northern Trust Corp now owns 9,063,623 shares of the utilities provider’s stock worth $757,629,000 after purchasing an additional 84,730 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Duke Energy by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 5,039,085 shares of the utilities provider’s stock worth $422,872,000 after purchasing an additional 164,381 shares in the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

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About Duke Energy

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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