Duke Energy (DUK) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Duke Energy (NYSE:DUK) from a hold rating to a buy rating in a research note released on Thursday morning, ValuEngine reports.

DUK has been the topic of several other reports. Morgan Stanley increased their price target on shares of Duke Energy from $85.00 to $88.00 and gave the company an equal weight rating in a research report on Tuesday, February 12th. Bank of America increased their price target on shares of Duke Energy from $89.00 to $91.00 and gave the company a neutral rating in a research report on Monday, March 11th. Credit Suisse Group lowered shares of Duke Energy from an outperform rating to a neutral rating in a research report on Friday, February 15th. Zacks Investment Research lowered shares of Duke Energy from a hold rating to a sell rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a hold rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy presently has an average rating of Hold and a consensus target price of $88.70.

DUK stock opened at $88.90 on Thursday. The company has a market capitalization of $64.72 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 3.63 and a beta of 0.06. Duke Energy has a 12 month low of $71.96 and a 12 month high of $91.67. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. Equities analysts anticipate that Duke Energy will post 4.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.17%. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.

In related news, EVP Lloyd M. Yates sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $88.51, for a total transaction of $309,785.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the sale, the director now owns 1 shares in the company, valued at approximately $87.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,731 shares of company stock worth $2,027,567. 0.09% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Princeton Global Asset Management LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $198,000. Rehmann Capital Advisory Group boosted its holdings in shares of Duke Energy by 2.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 18,991 shares of the utilities provider’s stock valued at $1,709,000 after purchasing an additional 373 shares during the last quarter. Accident Compensation Corp boosted its holdings in shares of Duke Energy by 4.1% in the 1st quarter. Accident Compensation Corp now owns 53,653 shares of the utilities provider’s stock valued at $4,829,000 after purchasing an additional 2,100 shares during the last quarter. GYL Financial Synergies LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at $452,000. Finally, Cerebellum GP LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at $327,000. Hedge funds and other institutional investors own 61.15% of the company’s stock.

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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Analyst Recommendations for Duke Energy (NYSE:DUK)

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