Are Duke Energy Corporation (NYSE:DUK) Shares Heading Higher?
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 15:26
Duke Realty Corporation has a consensus outperform rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 2.51% of shares outstanding. BlackRock Fund Advisors now owns 13,207,117 shares of the company's stock worth $1,057,098,000 after buying an additional 296,928 shares in the last quarter. During the same period in the previous year, the company earned $0.87 EPS.
A number of brokerages recently commented on DUK. State of Alaska Department of Revenue increased its position in shares of Duke Energy Corporation by 6.1% in the third quarter. The High end of the forecast is $1.21/share, while the Low end is $0.97/share. The company has a market cap of $8,996 million and there are 355,557,560 shares in outstanding. Metropolitan Life Insurance Co.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, February 16th. Hedge funds and other institutional investors own 57.01% of the company's stock. Quadrant Capital Group LLC increased its position in shares of Duke Energy Corporation by 11.2% in the third quarter. Capital World Investors now owns 10,874,999 shares of the company's stock worth $932,966,000 after buying an additional 750,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its position in Duke Realty Corporation by 52.1% in the second quarter. USS Investment Management Ltd now owns 791,591 shares of the company's stock worth $67,907,000 after buying an additional 710,541 shares in the last quarter.
Several other hedge funds have also recently modified their holdings of the stock.
Duke Realty Corporation (NYSE:DRE) closed -1.16% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The firm owned 65,065 shares of the company's stock after selling 25,522 shares during the period. Duke Energy Corporation has a 1-year low of $70.16 and a 1-year high of $87.75.
Equities researchers at SunTrust Banks dropped their Q1 2017 earnings per share (EPS) estimates for Duke Energy Corporation in a research report issued on Friday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.24.
Duke Energy Corporation (Duke Energy) is an energy company. The consensus estimate for current quarter is $0.29 and for the current fiscal year, the estimate is $1.24. That brings its full year payout to US$0.76. The 1 year EPS growth rate is 8.50%. Stockholders of record on Friday, November 18th were issued a $0.855 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $0.76 annualized dividend and a yield of 2.98%. Currently, the stock has a PEG Ratio of 6.36. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/02/22/duke-energy-corporation-duk-shares-bought-by-commerzbank-aktiengesellschaft-fi.html. Wells Fargo & Company lowered Duke Realty Corporation from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 13th. Howard Weil lowered their target price on Duke Energy Corporation from $88.00 to $83.00 and set a "sector perform" rating for the company in a research note on Monday, November 7th. Finally, Citigroup Inc. downgraded shares of Duke Energy Corporation from a "neutral" rating to a "sell" rating and set a $69.00 price objective on the stock.in a report on Wednesday, January 11th. Analysts have a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).
The company's consensus rating on Reuter's scale remained unchanged from 1 to 1 during a month.
"Credit Agricole S A Has $12,287,000 Stake in Duke Realty Corporation (DRE)" was originally reported by BBNS and is the property of of BBNS. They offer a complete range of real estate products and services.