Duke Energy (NYSE:DUK) Downgraded to Sell at Seaport Res Ptn

Seaport Res Ptn cut shares of Duke Energy (NYSE:DUKGet Rating) from a neutral rating to a sell rating in a research note released on Monday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Duke Energy’s FY2022 earnings at $5.25 EPS, FY2023 earnings at $5.64 EPS, FY2024 earnings at $5.96 EPS and FY2025 earnings at $6.33 EPS.

DUK has been the topic of a number of other reports. Morgan Stanley lifted their price objective on shares of Duke Energy from $99.00 to $106.00 and gave the stock an equal weight rating in a report on Friday, November 11th. StockNews.com started coverage on shares of Duke Energy in a report on Wednesday, October 12th. They issued a hold rating on the stock. BMO Capital Markets boosted their price target on shares of Duke Energy from $98.00 to $101.00 and gave the stock an outperform rating in a report on Monday, November 7th. Credit Suisse Group cut their price target on shares of Duke Energy from $114.00 to $94.00 and set a neutral rating on the stock in a report on Wednesday, October 12th. Finally, KeyCorp cut their price target on shares of Duke Energy from $116.00 to $108.00 and set an overweight rating on the stock in a report on Thursday, October 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of Hold and a consensus price target of $105.09.

Duke Energy Stock Performance

Shares of DUK stock opened at $98.54 on Monday. The firm has a market capitalization of $75.88 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 3.38 and a beta of 0.40. The firm has a fifty day simple moving average of $94.87 and a two-hundred day simple moving average of $103.57. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.32. Duke Energy has a 12 month low of $83.76 and a 12 month high of $116.33.

Duke Energy (NYSE:DUKGet Rating) last announced its quarterly earnings results on Friday, November 4th. The utilities provider reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.07). The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.45 billion. Duke Energy had a net margin of 14.03% and a return on equity of 8.24%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 EPS. Analysts forecast that Duke Energy will post 5.29 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be given a dividend of $1.005 per share. This represents a $4.02 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Thursday, November 17th. Duke Energy’s dividend payout ratio is presently 81.05%.

Insider Activity

In related news, EVP Steven K. Young sold 415 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $93.57, for a total value of $38,831.55. Following the transaction, the executive vice president now directly owns 112,412 shares in the company, valued at $10,518,390.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Duke Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. RE Dickinson Investment Advisors LLC boosted its stake in Duke Energy by 13.0% in the first quarter. RE Dickinson Investment Advisors LLC now owns 801 shares of the utilities provider’s stock worth $89,000 after buying an additional 92 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in Duke Energy by 0.5% in the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock worth $2,326,000 after buying an additional 94 shares in the last quarter. Baker Ellis Asset Management LLC boosted its stake in Duke Energy by 3.8% in the second quarter. Baker Ellis Asset Management LLC now owns 2,628 shares of the utilities provider’s stock worth $282,000 after buying an additional 97 shares in the last quarter. Abbrea Capital LLC boosted its stake in Duke Energy by 3.7% in the first quarter. Abbrea Capital LLC now owns 2,835 shares of the utilities provider’s stock worth $317,000 after buying an additional 100 shares in the last quarter. Finally, Guerra Pan Advisors LLC boosted its stake in shares of Duke Energy by 5.0% during the first quarter. Guerra Pan Advisors LLC now owns 2,093 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Duke Energy Company Profile

(Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

See Also

Analyst Recommendations for Duke Energy (NYSE:DUK)

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