Duke Energy Corp (NYSE:DUK) CFO Steven K. Young sold 265 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $79.35, for a total transaction of $21,027.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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 value of $21,368.38.
- On Monday, April 27th, Steven K. Young sold 246 shares of Duke Energy stock. The shares were sold at an average price of $86.28, for a total transaction of $21,224.88.
Shares of DUK stock opened at $79.89 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.45 and a current ratio of 0.67. The firm’s 50-day moving average is $84.45 and its 200-day moving average is $88.54. The stock has a market cap of $58.00 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 3.31 and a beta of 0.34. Duke Energy Corp has a 52-week low of $62.13 and a 52-week high of $103.79.
Duke Energy (NYSE:DUK) last issued its earnings results 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). The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6.24 billion. Duke Energy had a net margin of 15.17% and a return on equity of 8.13%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. Sell-side analysts predict that Duke Energy Corp will post 5.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued 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 4.73%. Duke Energy’s payout ratio is 74.70%.
Several hedge funds have recently modified their holdings of DUK. Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of Duke Energy in the 4th quarter valued at about $27,000. Solstein Capital LLC acquired a new position in Duke Energy in the 4th quarter valued at about $27,000. Pathstone Family Office LLC acquired a new position in Duke Energy in the 1st quarter valued at about $29,000. TRUE Private Wealth Advisors grew its stake in Duke Energy by 127.1% in the 1st quarter. TRUE Private Wealth Advisors now owns 402 shares of the utilities provider’s stock valued at $32,000 after buying an additional 225 shares during the last quarter. Finally, Sowa Financial Group Inc. acquired a new position in Duke Energy in the 4th quarter valued at about $33,000. 64.18% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Co lowered their price objective on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 20th. Morgan Stanley boosted their price objective on shares of Duke Energy from $87.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 17th. UBS Group cut their price objective on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Barclays cut their price objective on shares of Duke Energy from $104.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Duke Energy from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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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