Deutsche Bank AG restated their hold rating on shares of Duke Energy Corporation (NYSE:DUK) in a research report sent to investors on Wednesday. The firm currently has a $84.00 price target on the utilities provider’s stock, up from their prior price target of $83.00.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Duke Energy Corporation from a hold rating to a sell rating in a research note on Tuesday, April 25th. BMO Capital Markets reaffirmed a hold rating and set a $85.00 price target on shares of Duke Energy Corporation in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) raised shares of Duke Energy Corporation from a neutral rating to a buy rating and lifted their price target for the stock from $82.00 to $85.00 in a research note on Monday, June 26th. Barclays PLC reaffirmed an equal weight rating and set a $88.00 price target (up from $82.00) on shares of Duke Energy Corporation in a research note on Sunday, April 23rd. Finally, BidaskClub cut shares of Duke Energy Corporation from a buy rating to a hold rating in a research note on Saturday, June 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $82.71.

Duke Energy Corporation (DUK) traded down 0.80% during mid-day trading on Wednesday, hitting $85.70. 2,516,839 shares of the stock were exchanged. The company’s 50-day moving average price is $84.78 and its 200 day moving average price is $82.84. Duke Energy Corporation has a 52 week low of $72.34 and a 52 week high of $87.75. The firm has a market capitalization of $59.99 billion, a price-to-earnings ratio of 25.39 and a beta of 0.24.

Duke Energy Corporation (NYSE:DUK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $1.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Equities research analysts expect that Duke Energy Corporation will post $4.60 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 18th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Wednesday, August 16th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio is presently 101.48%.

In other news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore F. Craver, Jr. purchased 3,500 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average cost of $83.73 per share, with a total value of $293,055.00. Following the transaction, the director now directly owns 5,706 shares in the company, valued at approximately $477,763.38. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Duke Energy Corporation by 2,866.0% in the first quarter. BlackRock Inc. now owns 42,708,918 shares of the utilities provider’s stock valued at $3,502,557,000 after buying an additional 41,268,968 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after buying an additional 2,345,114 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Duke Energy Corporation by 4.1% in the first quarter. Vanguard Group Inc. now owns 48,471,025 shares of the utilities provider’s stock valued at $3,975,109,000 after buying an additional 1,918,598 shares during the last quarter. FMR LLC boosted its stake in shares of Duke Energy Corporation by 30.6% in the first quarter. FMR LLC now owns 4,909,584 shares of the utilities provider’s stock valued at $402,635,000 after buying an additional 1,151,408 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Duke Energy Corporation by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock valued at $131,419,000 after buying an additional 1,053,262 shares during the last quarter. 55.60% of the stock is owned by hedge funds and other institutional investors.

About Duke Energy Corporation

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Analyst Recommendations for Duke Energy Corporation (NYSE:DUK)

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