Duke Energy Corp (NYSE:DUK) CFO Steven K. Young sold 265 shares of the company's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $79.35, for a total transaction of $21,027.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Steven K. Young also recently made the following trade(s):
- On Tuesday, May 26th, Steven K. Young sold 253 shares of Duke Energy stock. The stock was sold at an average price of $84.46, for a total transaction of $21,368.38.
- On Monday, April 27th, Steven K. Young sold 246 shares of Duke Energy stock. The stock was sold at an average price of $86.28, for a total transaction of $21,224.88.
Shares of Duke Energy stock traded up $1.32 during trading on Monday, reaching $80.25. The company's stock had a trading volume of 2,953,453 shares, compared to its average volume of 4,080,147. Duke Energy Corp has a 52-week low of $62.13 and a 52-week high of $103.79. The company has a market cap of $58.00 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 3.31 and a beta of 0.34. The firm's 50-day moving average is $84.48 and its two-hundred day moving average is $88.58. The company has a quick ratio of 0.45, a current ratio of 0.67 and a debt-to-equity ratio of 1.25.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 12th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.19 by ($0.05). Duke Energy had a net margin of 15.17% and a return on equity of 8.13%. The business had revenue of $5.95 billion during the quarter, compared to analysts' expectations of $6.24 billion. During the same period last year, the company posted $1.24 EPS. Duke Energy's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corp will post 5.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were paid a $0.945 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.71%. Duke Energy's dividend payout ratio (DPR) is 74.70%.
Several institutional investors have recently made changes to their positions in DUK. Capital Research Global Investors raised its holdings in Duke Energy by 165.8% during the 4th quarter. Capital Research Global Investors now owns 5,332,225 shares of the utilities provider's stock valued at $486,352,000 after buying an additional 3,325,943 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Duke Energy by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 24,280,449 shares of the utilities provider's stock valued at $2,214,620,000 after buying an additional 2,961,767 shares during the last quarter. Wellington Management Group LLP raised its holdings in Duke Energy by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 15,413,073 shares of the utilities provider's stock valued at $1,246,611,000 after buying an additional 1,987,105 shares during the last quarter. Cohen & Steers Inc. raised its holdings in Duke Energy by 158.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,174,229 shares of the utilities provider's stock valued at $198,311,000 after buying an additional 1,333,385 shares during the last quarter. Finally, Prudential PLC raised its holdings in Duke Energy by 18,482.7% during the 1st quarter. Prudential PLC now owns 918,359 shares of the utilities provider's stock valued at $74,277,000 after buying an additional 913,417 shares during the last quarter. 64.18% of the stock is owned by institutional investors.
A number of research firms recently weighed in on DUK. Morgan Stanley upped their target price on shares of Duke Energy from $87.00 to $89.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 17th. Barclays decreased their target price on shares of Duke Energy from $104.00 to $79.00 and set an "equal weight" rating on the stock in a report on Thursday, March 26th. UBS Group cut their price target on shares of Duke Energy from $113.00 to $102.00 and set a "buy" rating for the company in a research note on Friday, May 8th. Bank of America reissued a "neutral" rating and issued a $83.00 price target (down previously from $93.00) on shares of Duke Energy in a research note on Wednesday, May 13th. Finally, Seaport Global Securities initiated coverage on shares of Duke Energy in a research note on Tuesday, June 9th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company's stock. The stock presently has an average rating of "Hold" and a consensus target price of $93.43.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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