Stocks of Duke Energy Corp. (NYSE:DUK) traded higher last session on Wall Street, down -1.57% to $88.68.
According to the data, Duke Energy Corp. (NYSE:DUK) has 18 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $109.00 and a low of $91.00, we find $98.00. Given the previous closing price of $90.09, this indicates a potential upside of 8.78 percent. DUK stock price is now -3.50% away from the 50-day moving average and -7.18% away from the 200-day moving average. The market capitalization of the company currently stands at $68.35B.
A total of 11 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $98.86 as their price target over the next twelve months.
With the price target of $96, Barclays recently initiated with Overweight rating for Duke Energy Corp. (NYSE: DUK).
In other news, MCKEE E MARIE, Director sold 1,785 shares of the company’s stock on Aug 17. The stock was sold for $162,542 at an average price of $91.06. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, EVP, CLO & Corp Sec Ghartey-Tagoe Kodwo sold 2,500 shares of the business’s stock. A total of $228,575 was realized by selling the stock at an average price of $91.43. This leaves the insider owning 24,710 shares of the company worth $2.19 million. Insiders disposed of 148,749 shares of company stock worth roughly $13.19 million over the past 1 year. A total of 0.13% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DUK stock. A new stake in Duke Energy Corp. shares was purchased by FOUNDRY PARTNERS, LLC during the first quarter worth $28,474,000. BECK BODE, LLC invested $8,691,000 in shares of DUK during the first quarter. In the first quarter, DECADE RENEWABLE PARTNERS LP acquired a new stake in Duke Energy Corp. valued at approximately $8,416,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in DUK for approximately $5,647,000. CHURCHILL MANAGEMENT CORP purchased a new stake in DUK valued at around $4,827,000 in the second quarter. In total, there are 2,215 active investors with 64.58% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $90.61 for Duke Energy Corp. (NYSE: DUK). During the past 12 months, Duke Energy Corp. has had a low of $83.76 and a high of $106.43. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 0.75, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $149.84B, which is based on a 49.36 price-to-earnings ratio, a 7.65 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for DUK is $91.90 and a two-hundred day moving average price translates $95.54 for the stock.
The latest earnings results from Duke Energy Corp. (NYSE: DUK) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.91, missing analysts’ expectations of $0.98 by -0.07. This compares to $1.14 EPS in the same period last year. The net profit margin was 4.74% and return on equity was 7.97% for DUK. The company reported revenue of $6.58 billion for the quarter, compared to $6.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.21 percent. For the current quarter, analysts expect DUK to generate $8.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/18/2023. Investors who held shares on 08/18/2023 were paid a $1.025 dividend. On an annualized basis, this represents a $4.09 dividend and a 4.62% percent yield. There was an ex-dividend date of 08/17/2023 for this dividend. In terms of dividend payout ratio, DUK is presently at 125.39%.
Duke Energy Corp.(DUK) Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments, Electric Utilities and Infrastructure (EU&I) and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and load-serving entities. The GU&I segment distributes natural gas to residential, commercial, industrial, and power generation natural gas customers; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. The company was founded in 1904 and is headquartered in Charlotte, North Carolina.
