Economy

The Duke Energy Corp. (DUK) Downgraded by Zacks Investment Research to "Hold"

Analysts monitor the topsy-turvy day-to-day movement of equities and are able to provide an unbiased assessment of the "state of the stock". Deutsche Bank maintained Duke Energy Corp (NYSE:DUK) rating on Friday, August 7.

Duke Energy Corporation (DUK) shows its Return on Assets (ROA) value of 1.8 percent, while the Return on Equity (ROE) value is 5.7 percent and Return on Investment (ROI) value stands at 4.5 percent. The rating was maintained by Citigroup with "Neutral" on Wednesday, July 20. Morgan Stanley lifted their price target on Duke Energy Corporation from $89.00 to $92.00 and gave the stock an equal weight rating in a research note on Friday, September 8th. Finally, Deutsche Bank AG reissued a "hold" rating and issued a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. The stock of Duke Energy Corp (NYSE:DUK) has "Neutral" rating given on Monday, September 26 by SunTrust. The stock presently has an average rating of Hold and a consensus price target of $86.25.

Analysts expect Duke Energy Corp (NYSE:DUK) to report $1.62 EPS on November, 3.They anticipate $0.06 EPS change or 3.57% from last quarter's $1.68 EPS. The Metropolitan Life Insurance Company holds 31,961 shares with $1.84M value, up from 23,341 last quarter.

Analyst Thoughts About Vistra Energy Corp. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 2.18%, whereas SMA50 and SMA200 are 1.64% and 5.12% respectively.

Duke Energy Corporation (DUK) failed to surprise the stock market in its last reported earnings when it earned $1.01 a piece versus the consensus-estimated $1.01. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.9. The company had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.71 billion. Creditors will loan money at a cheaper rate to a profitable company than to an unprofitable one; consequently, profitable companies can use leverage to increase stockholders' equity even more. In the same quarter past year, it reported total revenues of $6.8 billion. Its down 0.42% from 3.14 million shares previously. Mizuho lifted their target price on Duke Energy Corp. from $75.00 to $80.00 and gave the company a neutral rating in a research report on Thursday, August 4th.

TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. (NYSE:DUK) traded down 0.5425% on Tuesday, reaching $77.0398. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.42%. The company has a payout ratio of 42.20%.

In other Duke Energy Corporation news, EVP Douglas F. Esamann sold 5,000 shares of Duke Energy Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $84.58, for a total transaction of $253,740.00. Following the completion of the sale, the executive vice president now owns 50,316 shares in the company, valued at approximately $4,338,245.52. 28 funds opened positions while 56 raised stakes.

Duke Energy's earnings for the quarter are expected to be driven by its investments in its regulated rate base. CIBC World Markets Inc. now owns 104,873 shares of the utilities provider's stock valued at $8,766,000 after buying an additional 7,948 shares during the period. Massachusetts Financial Services Co. Beacon Financial Group now owns 109,649 shares of the company's stock worth $8,806,000 after buying an additional 1,040 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Duke Energy Corporation by 4.1% in the 1st quarter. The stock spiked 3.35% last month and is up 13.36 this year. Jolley Asset Management LLC grew its stake in Duke Energy Corporation by 26.4% in the 2nd quarter. In looking at volatility levels, the shares saw weekly volatility of 1.88% and 1.52% over the past month.

A number of other institutional investors and hedge funds have also modified their holdings of the business.

Rbo & Co Llc decreased Duke Energy Corp (DUK) stake by 32.57% reported in 2017Q2 SEC filing. The Firm operates through three divisions: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries.



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