SunTrust Robinson Humphrey Maintains Duke Energy Corp to Neutral with Price Target $86.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Duke Energy Corp(NYSE:DUK). In a research note issued to the investors, the brokerage major Lowers the price-target to $86.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 20, 2016, Citigroup said it Maintains its rating on Duke Energy Corp. In the research note, the firm Raises the price-target to $72.00 per share. The shares have been rated ‘Neutral’ by the firm.

Duke Energy Corp (DUK) made into the market gainers list on Mondays trading session with the shares advancing 0.61% or 0.51 points. Due to strong positive momentum, the stock ended at $84.74, which is also near the day’s high of $85.12. The stock began the session at $84.33 and the volume stood at 39,77,505 shares. The 52-week high of the shares is $87.31 and the 52 week low is $65.5. The company has a current market capitalization of $58,380 M and it has 68,89,33,510 shares in outstanding.

Duke Energy Corp has also declared a cash dividend of $0.8550 on Jul 11, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed on Aug 12, 2016. The dividend payable date has been fixed on Sep 16, 2016.

Duke Energy Corp(DUK) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $5.62B. Analysts had an estimated revenue of $6.09B. Earnings per share were $1.13. Analysts had estimated an EPS of $1.15.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, E Marie Mckee (director) sold 1,558 shares at $76.66 per share price.Also, On Mar 2, 2016, Brian D Savoy (SVP,Controller,Chief Acct Off) sold 500 shares at $74.84 per share price.On Feb 29, 2016, Lynn J Good (Pres, CEO & Chairman) sold 13,333 shares at $74.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Duke Energy Corporation is an energy company. Duke Energy conducts its operations in three business segments: Regulated Utilities International Energy and Commercial Power. The Company’s Regulated Utilities segment conducts operations primarily through Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Indiana and Duke Energy Ohio. The Company’s International Energy segment principally operates and manages power generation facilities and engages in sales and marketing of electric power natural gas and natural gas liquids outside the United States. The Company’s Commercial Power builds develops and operates wind and solar renewable generation and energy transmission projects throughout the continental United States. Duke Energy operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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