Duke Energy Co. (DUK) To Go Ex-Dividend on May 16th

Duke Energy Co. (NYSE:DUKGet Free Report) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 1.025 per share by the utilities provider on Monday, June 17th. This represents a $4.10 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, May 16th.

Duke Energy has raised its dividend payment by an average of 2.1% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. Duke Energy has a payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Duke Energy to earn $6.34 per share next year, which means the company should continue to be able to cover its $4.10 annual dividend with an expected future payout ratio of 64.7%.

Duke Energy Stock Performance

Duke Energy stock opened at $102.89 on Tuesday. The firm’s fifty day moving average price is $96.65 and its 200-day moving average price is $94.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The stock has a market cap of $79.41 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. Duke Energy has a fifty-two week low of $83.06 and a fifty-two week high of $103.83.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter last year, the company posted $1.20 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Duke Energy will post 5.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank reduced their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. BMO Capital Markets raised their target price on shares of Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Wells Fargo & Company dropped their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Finally, Bank of America raised their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.31.

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About Duke Energy

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.

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Dividend History for Duke Energy (NYSE:DUK)

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